Tuesday, December 12, 2023
9:30 AM 10:30 AM (PST)
Marketplace Startups Masterclass with Fabrice Grinda of FJ Labs
On December 12, Fabrice will lead a Founders Network webinar to provide insights on startup fundraising in the current economic climate.
Over the last decade marketplaces and network effect businesses have gained strong investor interest due to their value.
Last year, marketplace startups raised $56 billion in venture capital funding, just behind fintech startups that collectively raised approximately $65 billion.
However, while marketplaces garnered the second largest portion of VC funding in the tech industry, funding for marketplaces in 2022 was down 50% year-over-year, mirroring the overall decline in venture funding.
In the current climate, fundraising is difficult for startup founders across industries. But if you ask serial entrepreneur and investor Fabrice Grinda, the current climate also presents opportunities.
“I would argue, this is the very best moment to found a company,” Fabrice says. “The posers and the people that were in it for the quick buck, the consultants and bankers and lawyers and doctors who had no business being founders, basically have been weaned out and left.”
Fabrice Grinda is among the world’s leading Internet entrepreneurs and investors. He has more than 300 exits on 1000 angel investments, and has served as CEO for three multinational companies. Today, he serves as the founding partner of FJ Labs, a VC firm focused on marketplaces and network effect businesses.
On December 12, he’ll lead a Founders Network webinar to provide insights on startup fundraising in the current economic climate. The event will also serve as a masterclass on marketplace startups and will cover:
How investors evaluate marketplace founders
How to build marketplaces
Latest marketplace trends
About the Speaker:
Fabrice Grinda is among the world’s leading Internet entrepreneurs and investors. He has over 300 exits on 1000 angel investments. Fabrice has served as CEO for three multinational companies and has an impressive track record as an early investor in Alibaba, Coupang, Airbnb, Instacart, Flexport, Delivery Hero, and many more. Fabrice is currently Founding Partner at venture fund FJ Labs, which he co-founded with business partner Jose Marin. Fabrice was named the #1 Angel Investor in the world by Forbes.
Thanks to Founders Network for news and the graphics for this virtual startup event.