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	<title>Comments on: How it all began…</title>
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		<title>By: MalMal Our Inspiration &#187; Live Chat with Fabrice Grinda</title>
		<link>http://www.fabricegrinda.com/personal-musings/how-it-all-began%e2%80%a6/comment-page-1/#comment-6942</link>
		<dc:creator>MalMal Our Inspiration &#187; Live Chat with Fabrice Grinda</dc:creator>
		<pubDate>Tue, 31 Mar 2009 12:53:49 +0000</pubDate>
		<guid isPermaLink="false">http://www.fabricegrinda.com/?p=369#comment-6942</guid>
		<description>[...] Fabrice&#8217;s blog at Musings of An Entrepreneur Here are 3 interesting articles from his blog How it all began How he raised his very first round of financing  Graduating from College: Starting your own [...]</description>
		<content:encoded><![CDATA[<p>[...] Fabrice&#8217;s blog at Musings of An Entrepreneur Here are 3 interesting articles from his blog How it all began How he raised his very first round of financing  Graduating from College: Starting your own [...]</p>
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		<title>By: Fabrice Grinda: Musings of an Entrepreneur &#187; Looking back at 2008, looking forward to 2009</title>
		<link>http://www.fabricegrinda.com/personal-musings/how-it-all-began%e2%80%a6/comment-page-1/#comment-6503</link>
		<dc:creator>Fabrice Grinda: Musings of an Entrepreneur &#187; Looking back at 2008, looking forward to 2009</dc:creator>
		<pubDate>Thu, 08 Jan 2009 22:37:35 +0000</pubDate>
		<guid isPermaLink="false">http://www.fabricegrinda.com/?p=369#comment-6503</guid>
		<description>[...] How it all began&#8230; [...]</description>
		<content:encoded><![CDATA[<p>[...] How it all began&#8230; [...]</p>
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		<title>By: Fabrice Grinda: his first company &#38; first funding</title>
		<link>http://www.fabricegrinda.com/personal-musings/how-it-all-began%e2%80%a6/comment-page-1/#comment-5482</link>
		<dc:creator>Fabrice Grinda: his first company &#38; first funding</dc:creator>
		<pubDate>Tue, 10 Jun 2008 20:25:56 +0000</pubDate>
		<guid isPermaLink="false">http://www.fabricegrinda.com/?p=369#comment-5482</guid>
		<description>[...] The first post is about Fabrice&#8217;s first company, Princeton International Computers (PIC), that sold high-end computer parts to Europe, benefiting of the price/time difference. Fabrice tells us he learned business through PIC, and that PIC eventually brought him the funds to start his second company, Aucland. [...]</description>
		<content:encoded><![CDATA[<p>[...] The first post is about Fabrice&#8217;s first company, Princeton International Computers (PIC), that sold high-end computer parts to Europe, benefiting of the price/time difference. Fabrice tells us he learned business through PIC, and that PIC eventually brought him the funds to start his second company, Aucland. [...]</p>
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		<title>By: Fabrice Grinda</title>
		<link>http://www.fabricegrinda.com/personal-musings/how-it-all-began%e2%80%a6/comment-page-1/#comment-5416</link>
		<dc:creator>Fabrice Grinda</dc:creator>
		<pubDate>Wed, 14 May 2008 19:20:11 +0000</pubDate>
		<guid isPermaLink="false">http://www.fabricegrinda.com/?p=369#comment-5416</guid>
		<description>May - September 1994 at Beijing Normal University</description>
		<content:encoded><![CDATA[<p>May &#8211; September 1994 at Beijing Normal University</p>
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		<title>By: Khanan</title>
		<link>http://www.fabricegrinda.com/personal-musings/how-it-all-began%e2%80%a6/comment-page-1/#comment-5415</link>
		<dc:creator>Khanan</dc:creator>
		<pubDate>Wed, 14 May 2008 19:17:14 +0000</pubDate>
		<guid isPermaLink="false">http://www.fabricegrinda.com/?p=369#comment-5415</guid>
		<description>So when did you have time to pick up Chinese?</description>
		<content:encoded><![CDATA[<p>So when did you have time to pick up Chinese?</p>
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	<item>
		<title>By: Fabrice Grinda</title>
		<link>http://www.fabricegrinda.com/personal-musings/how-it-all-began%e2%80%a6/comment-page-1/#comment-5413</link>
		<dc:creator>Fabrice Grinda</dc:creator>
		<pubDate>Tue, 13 May 2008 17:14:38 +0000</pubDate>
		<guid isPermaLink="false">http://www.fabricegrinda.com/?p=369#comment-5413</guid>
		<description>If I remember correctly the VAT was around 20% and the import tariffs around 10%. The good news is that the customers in France had to deal with that, not me, and even with the 30% price premium, we were still a lot cheaper than the French domestic price. 

On modems, it was more &quot;grey market import&quot; because the modems we were exporting were not approved by France Telecom so I could legally export them, but the buyers were not allowed to use them :) The difference in price between an &quot;approved&quot; modem and a regular modem ranged from 10:1 to 20:1!</description>
		<content:encoded><![CDATA[<p>If I remember correctly the VAT was around 20% and the import tariffs around 10%. The good news is that the customers in France had to deal with that, not me, and even with the 30% price premium, we were still a lot cheaper than the French domestic price. </p>
<p>On modems, it was more &#8220;grey market import&#8221; because the modems we were exporting were not approved by France Telecom so I could legally export them, but the buyers were not allowed to use them :) The difference in price between an &#8220;approved&#8221; modem and a regular modem ranged from 10:1 to 20:1!</p>
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		<title>By: Fred</title>
		<link>http://www.fabricegrinda.com/personal-musings/how-it-all-began%e2%80%a6/comment-page-1/#comment-5393</link>
		<dc:creator>Fred</dc:creator>
		<pubDate>Tue, 13 May 2008 12:57:56 +0000</pubDate>
		<guid isPermaLink="false">http://www.fabricegrinda.com/?p=369#comment-5393</guid>
		<description>Follow up question.....how was France in regards import taxes?  Did you slip through on smallish volumes or did you have to go the formal route?</description>
		<content:encoded><![CDATA[<p>Follow up question&#8230;..how was France in regards import taxes?  Did you slip through on smallish volumes or did you have to go the formal route?</p>
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		<title>By: Fred</title>
		<link>http://www.fabricegrinda.com/personal-musings/how-it-all-began%e2%80%a6/comment-page-1/#comment-5392</link>
		<dc:creator>Fred</dc:creator>
		<pubDate>Tue, 13 May 2008 12:55:29 +0000</pubDate>
		<guid isPermaLink="false">http://www.fabricegrinda.com/?p=369#comment-5392</guid>
		<description>Good stuff Fabby.  I like historicals like this.  It all gets down to what you love and organic individual growth.  Just like Rush Limbaugh says again and again.  ( I mention his name because its so fun to hear the groans of the poo-pooer-no-dooers )</description>
		<content:encoded><![CDATA[<p>Good stuff Fabby.  I like historicals like this.  It all gets down to what you love and organic individual growth.  Just like Rush Limbaugh says again and again.  ( I mention his name because its so fun to hear the groans of the poo-pooer-no-dooers )</p>
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	<item>
		<title>By: iLan</title>
		<link>http://www.fabricegrinda.com/personal-musings/how-it-all-began%e2%80%a6/comment-page-1/#comment-5389</link>
		<dc:creator>iLan</dc:creator>
		<pubDate>Tue, 13 May 2008 02:20:33 +0000</pubDate>
		<guid isPermaLink="false">http://www.fabricegrinda.com/?p=369#comment-5389</guid>
		<description>I like the end of the story, what a strong friendship!</description>
		<content:encoded><![CDATA[<p>I like the end of the story, what a strong friendship!</p>
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