If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.
Venktesh Shukla is General Partner at Monta Vista Capital. I have known Venk for more than 20 years, and we discussed both industry trends and his fund strategy.
>>>In case you missed it, you can listen to the recording here:
Sramana Mitra: What are your predictions on post-COVID trends? What are you seeing and predicting? What kind of businesses would you like to invest in the post-COVID era?
Fabrice Grinda: Crises, in general, are extraordinary accelerators of underlying trends. They are also extraordinary generators of productivity growth. If you examine the 20th century, the Great Depression was the time where we had the highest productivity growth in the US.
>>>During this week’s roundtable, we had as our guest Daniel Cohen, General Partner at Viola Ventures. The conversation was largely around AI, PaaS and Deeptech investments.
If you haven’t already, please study our free Bootstrapping course and the Investor Introductions page.
You can listen to the recording of this roundtable here:
As always, I would very much like to hear about your business, so let me invite you to come and pitch at one of our free 1Mby1M public roundtables. We will be holding future roundtables on:
Thursday, February 11, 2021, 8 a.m. PST, Register Here.
Sramana Mitra: It sounds like your strategy is to go for the unicorns, is that right?
Fabrice Grinda: Yes and no. With all of the companies that we invested in, we want them to have the control to be a billion-dollar company. If you are building a venture startup, you need to be able to sell and get 10x return on investment. With that said, in our case, we have had over 150 exits and we’ve made money in over half of these deals. Our average is 4x. We don’t need you to be a unicorn.
>>>Sramana Mitra: Let’s do some examples of what you’ve invested in that are representative of your investment thesis. Pick one that you are proud of and one that would tell us more about your company.
Fabrice Grinda: First of all, we are thesis-driven, so we think through and ask ourselves, “Okay, where is the world heading?” Our answer is in marketplaces and meta trends. We have a specific thesis of three things that are happening right now in marketplaces.
>>>If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.
Fabrice Grinda, Founding Partner at FJ Labs, discusses his firm’s investment thesis around marketplaces.
Sramana Mitra: We are going to start today’s session with a conversation with Fabrice Grinda, the founder partner at FJ Labs. Let’s get you acquainted with our audience. Tell us a bit about your background as well as FJ Labs.
>>>Ken Elefant, Partner and Co-founder at Sorenson Ventures, talks about trends and his investment thesis.
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