Nontraditional approach to wealth management

I realize this blog post might appear douchey as its content only applies to very few lucky entrepreneurs. However, given the amount of bad advice dished out by traditional investment advisors and that every entrepreneur I backed who successfully exited asked me how to manage their funds, I felt the post had to be written. Most traditional advisors have a model that essentially looks like this: domestic equities 30% (split between large cap and mid cap), international equities 20%, real estate 20%, fixed income 20%, alternatives 5% (private equity and hedge funds), cash 5%. The percentages vary a little bit… Read More

2016: an amazing year (really)

I went 0 for 4 on election predictions (Brexit, Duterte, Colombian peace, Trump), and was wrong about the scale of the loss of the Italian referendum, but 2016 was amazing on a personal and professional level. In the first half of the year I still suffered from the after effects of last year’s severe concussion. However, I started exercising again in June and finally seem to be recovered and to have put my injuries behind me. I started playing tennis and padel again, and did tons of adventure travel. Highlights were: Exploring Amsterdam Visiting Bali for the first time Climbing… Read More

2016 Holiday Gadget Gift Guide

It’s that time of the year again, so I am sharing my recommendations for all gadget lovers of the world to be happy this holiday season. This year I made my most exhaustive list yet! Notebook: MSI GS63VR Stealth Pro 4K-021   Now that Apple has released its new generation of Macbook Pros and Microsoft its new Surface Book, I could make a more informed decision. The new Macbook Pros are disappointing. They are underpowered (especially the GPU) and overpriced. The only real innovation was the toolbar. I was hoping Apple would find a way to make the 15” notebook… Read More

Technology and the Future of Work

Technological progress continues unabated. The astonishing rate of growth has fueled heated debates about implications on the future of labor and the nature of work. A decade ago, few would have predicted that job categories like iOS development, product management, and search engine marketing would exist today. A world of 3D printed food, virtually free electricity, and unlimited computing power is on the horizon. But what is the cost of technological revolution? Will it remove humans from the equation? What impact will it toll on incomes, quality of life, and the education of our children? Many worry that the current… Read More

Grit, Perseverance, and Happenstance: The Genesis of our Apprenticeship Program

Most of you are not aware that FJ Labs has an apprenticeship program. The program has been fantastic. The apprentices have created extraordinary companies, including AdoreMe and Beepi. They have helped us invest in over 250 startups. It has been extraordinarily beneficial all around. To give you a sense of the genesis of the program, let me take you back to 2010. At that time, I was co-CEO of OLX by day and an angel investor by night. I had already met Jose and we had started our cooperation, but it was… Read More

2015: Adulthood?

I bought an apartment in the Lower East Side in the summer of 2015. The super high occupancy rates of high end hotels and Airbnbs in New York were forcing me to move location every few days, creating high transaction costs and defeating the purpose of my asset light living. It remains minimally decorated and sparse, but has become my New York home and allowed me to restart hosting intellectual salons and dinners again! In 2015, I still traveled too much. It nonetheless was much improved from the previous years and I managed not to go to Kiev… Read More

Life in 2030

I was recently interviewed by Alliancy to discuss the world in 2030. I am transcribing it below for your reading pleasure.   INTERVIEW BY ISABELLE REPITON   Alliancy magazine. What major changes do you envision in fifteen years? Fabrice Grinda. The internet of things, such as refrigerators that order produce you run out of, deliveries by drones, etc. All of this is coming. However, I also see some major breakthroughs in five areas: cars, communication, health, education and energy. The technologies exist. The future is already here, it’s just not equally distributed yet. For large-scale deployment, costs need… Read More

2015 Venture Investing Update

It’s been a while since I posted a missive on our venture investments and I felt it was long overdue given the fundamental changes we’ve made to our strategy. We are now investors in a mind-boggling 182 startups! We had 56 exits, 26 successful and 30 unsuccessful with an average exit multiple of 5.5x. We’ve also been on fire of late with the IPO of Alibaba Group and Lending Club, the exits of Brightroll and Sunrise and several of our seed investments passing the billion dollar valuation mark like Delivery… Read More

2014: An Epic Year!

Like in 2013, I spent most of 2014 living with the consequences of the life changing decisions I made in late 2012 (2012: A Transition to New Beginnings!) of leaving OLX (Why I am leaving OLX) and radically simplifying my life (The Very Big Downgrade). However, with the benefit of 2013’s experience and repeated iteration, I started tweaking my life choices (Update on the Very Big Downgrade) culminating with the decision to partially rematerialize in 2015. In 2014, I still traveled too much with frequent trips between Kiev, Bucharest, Zurich, London, Paris,… Read More