1100+ investments, 40% Annual Realized Return for 26 years: How Fabrice Grinda built FJ Labs, one of the most successful Venture Capital Funds globally

Unicorn Bakery - For Startup Founders

Fabrice Grinda, founder of FJ Labs and extreme athlete, explains how he has made over 1100 investments, primarily in marketplace and network-effect startups, generating an average 40% return over 26 years.

Fabrice also likes to simplify a lot in his life by outsourcing things. Find out his recipe for a fulfilling life and managing virtual assistants in the podcast.

What you will learn:

• Outsourcing: How to outsource more professionally and privately to increase your quality of life and output
• Marketplaces: What are the difficulties in scaling marketplace companies, the most important KPIs and current valuations?
• FOMO: How do you manage not to be pushed by others?
• Senior hiring: Is it typically European to hire senior rather than young and motivated?

ALL ABOUT UNICORN BAKERY:

https://zez.am/unicornbakery

Fabrice Grinda

LinkedIn: https://www.linkedin.com/in/fabricegrinda/

FJ Labs: https://www.fjlabs.com/

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Marker:

(00:00:00) What does a successful life look like to you and what role does money play in your life?

(00:05:50) How do you decide what things you outsource vs. what you do by yourself and how do you delegate successful?

(00:12:56) Managing lessons to become a relaxed manager/avoiding things you don't like

(00:16:38) Is hiring seniors instead of young ambitious people an European problem?

(00:20:27) FJ Labs’ Investing Strategy that leads to 1100+ Investments and 40% realized IRR over 26 years

(00:36:13) What fascinates you about marketplaces and why did you stay focused?

(00:43:28) What is needed to scale a marketplace successfully

(00:56:18) How do you manage and resist FOMO?

(00:59:39) Fabrice Grinda’s view on the macroeconomics and their influence on the venture ecosystem

(01:06:37) As an extreme sports-fanatic: what are the biggest parallels between extreme sports and investing/building a company?

(01:09:37) What did you learn about yourself through your extreme adventures and how do you manage stress?

(01:13:49) Was it as easy as it appears for you to reach everything you want and how much do you need other people's opinions?