Fabrice Grinda

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Fabrice Grinda
File:Fabrice Grinda at LeWeb in 2011.jpg
Born (1974-08-03) August 3, 1974 (age 49)
Boulogne-Billancourt, France
Residence New York, New York, U.S. and Cabarete, Dominican Republic
Nationality French
Education Princeton University
Occupation Angel investor and entrepreneur
Website fabricegrinda.com

Fabrice Grinda (born 3 August 1974) is a French entrepreneur, blogger for Business Insider[1] and super angel, with more than 150 investments around the world, including Alibaba Group, Airbnb, Beepi, FanDuel, Palantir and Windeln.[2][3][4] Grinda has had $300 million in investment exits.[5] He is the co-founder and former CEO of Aucland, Zingy, and OLX[2][3][6] and is a frequent conference speaker on trends in technology, emerging markets, and investing.[7][8][9][10]

Studies

Grinda was born in Boulogne Billancourt in France and grew up in Nice, where he graduated high school C Massena in 1992.[2] He left France to attend Princeton University and graduated summa cum laude in 1996; he was awarded the Halbert White '72 prize for most distinguished economics student and the Wolf Balleisen memorial prize for best economics thesis.[1][2][11]

Entrepreneurial activities

While at Princeton, Grinda created Princeton International Computers, exporting high-end computer equipment from the U.S. to Europe.[2] He then worked as a consultant for McKinsey from 1996 to 1998 before returning to France where he co-founded the company Aucland.[3]

Aucland

Aucland was one of the three largest auction websites in Europe.[12] In July 1999, in exchange for 51% of the company, Grinda raised $18 million for Aucland from the venture fund of luxury-goods magnate Bernard Arnault.[13] In 2000, he sold the rest of the company to Arnault’s fund.[14]

Zingy

In 2000, he returned to the United States where he founded Zingy, a mobile media start-up which he grew to $200 million in revenue.[15] In, 2004, Grinda sold Zingy for $80 million Japanese media conglomerate For-Side. He remained CEO until 2005.[6][16]

OLX

In 2006, Grinda and Alec Oxenford co-founded OLX with the goal of becoming the largest free classified advertising website in the world.[17] In 2010, the site was acquired by the South African group Naspers,[18] with Grinda remaining CEO until 2013.[19] OLX became the largest classified ad website in India, Pakistan, Brazil, Portugal, Poland and Ukraine.[5] While he was still CEO, OLX had a presence in more than 90 countries, in 50 languages, with over 150 million unique visitors per month.[17]

Serial angel investor

As a serial angel investor, Grinda and his team analyze more than 100 companies a week and make a new investment about every 15 days.[19] He has made about 200 start-up investments.[20] His most recent investments are focused on marketplaces connecting buyers to sellers, such as Beepi, a used car marketplace, and Lofty, a marketplace for works of art.[19] His portfolio is about 70% in the United States and 30% in the rest of the world, including Brazil, France, Germany, UK, Russia, China and Turkey.[5][19][21]

Among Grinda's investments are:[22]

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Business blogger and speaker

Grinda’s blog, "Musings of an Entrepreneur",[4] is also carried by Business Insider.[1] Grinda has written about raising money from VCs, the future of technology in shaping the world, and working as a serial angel investor.[1] Grinda has been a featured speaker at many conferences, including Le Web,[8] IDCEE,[9] La Red Innova,[10] TechCrunch Italy[23] and SIME.[24]

Awards

On December 5, 2014, Grinda received the Golden Pillar, awarded annually from the French Institute Alliance Francais for outstanding contributions to Franco- American relations.[25]

Personal life

Grinda is not married. A New York Times profile reported that in 2012, in a move he called “the very big downgrade,” intended to allow him more time to spend with friends and family, Grinda sold his 20-acre New York estate, his Manhattan apartment and his car, and donated his other possessions to charity, except for a carry-on suitcase with 50 items. For the next three years, he lived without a permanent residence or other possessions, at first staying with friends and family, and eventually, after friends complained, in hotels and Airbnb rentals.[20]

References

  1. ↑ 1.0 1.1 1.2 1.3 Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ 2.0 2.1 2.2 2.3 2.4 Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ 3.0 3.1 3.2 Lua error in package.lua at line 80: module 'strict' not found.
  4. ↑ 4.0 4.1 Lua error in package.lua at line 80: module 'strict' not found.
  5. ↑ 5.0 5.1 5.2 Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ 6.0 6.1 Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  8. ↑ 8.0 8.1 Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ 9.0 9.1 Lua error in package.lua at line 80: module 'strict' not found.
  10. ↑ 10.0 10.1 Lua error in package.lua at line 80: module 'strict' not found.
  11. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  12. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  13. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  14. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  15. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  16. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  17. ↑ 17.0 17.1 Lua error in package.lua at line 80: module 'strict' not found.
  18. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  19. ↑ 19.0 19.1 19.2 19.3 Lua error in package.lua at line 80: module 'strict' not found.
  20. ↑ 20.0 20.1 Lua error in package.lua at line 80: module 'strict' not found.
  21. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  22. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  23. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  24. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  25. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

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