fabrice grinda

Great marketplaces show early liquidity signals: sell-through rate above 25%, supply retention where the platform represents 25%+ of supplier revenue, and network effects that drive customer acquisition costs down as they scale — unlike traditional businesses where CAC rises. Founders who articulate supply-building, demand-matching, and expansion logic with unit-economics fluency are the ones who scale.

Grinda argues technology's deflationary nature — making things cheaper, better, faster — directly addresses the 21st century's three core problems: inequality of opportunity, mental/physical well-being crises, and climate change. He explicitly links this to decarbonizing the grid and backs founders building scalable solutions to these problems.

Referencing AngelList analysis, Grinda states that investing in roughly 500 companies per fund provides sufficient diversification to reliably capture the power-law distribution of venture returns; fewer companies risk missing outliers, while more yields diminishing marginal returns. His own curiosity-driven approach naturally produces this breadth.