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

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?