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.
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