Good Entrepreneurs Borrow, Great Ones Steal
Fabrice Grinda is the founder of OLX, one of the largest classified-ad websites in the world, and he’s very excited about the emerging digital markets Russia and Brazil. His company, which Grinda describes as Craigslist 2.0 for the rest of the world, is rapidly expanding there, and as a tech investor he’s putting money into startups from those countries as well.
“These are two of the hottest Internet markets in the world right now,” said Grinda, who notes that GDP growth is fueling similar growth in the digital sector in these emerging markets.
In additional to his views on Brazil and Russia, Grinda spoke with serial entrepreneur David Lerner about why he considers himself an entrepreneurial thief, what he considers when deciding to fund a company, and the “secret sauce” for running a successful consumer Internet company. This is the story of how he went from being broke in 2001 to being a successful startup founder and prolific investor just a decade later.
Follow Dave Lerner on twitter: @davelerner