"Venture Capital Recession" Has Created Compelling Opportunities, Says Superinvestor Fabrice Grinda

Forward Guidance is sponsored by VanEck. Learn more about the VanEck Morningstar Wide MOAT ETF (MOAT) at vaneck.com/MOATFG.
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Fabrice Grinda’s website: fabricegrinda.com/
Fabrice Grinda on Twitter x.com/fabricegrinda
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Timestamps:
00:00 Introduction
00:54 How Fabrice Grinda Thinks About Macro
05:19 Fabrice's Early Journey In VC During The Venture Capital Bust of 2000
07:06 The VC Boom of 2020 & 2021
11:24 Why Raising Too Much Money At Too High A Valuation Can Be A Big Problem (For Real)
16:38 Layoffs In Tech While The Overall U.S. Job Market Has Been Strong In 2023 & 2024: How To Square This?
19:18 The Biggest Risk Now Is Not Macroeconomic In Nature: It Is Geopolitical
21:19 VanEck Ad
21:59 Palantir and Anduril
26:48 Why An Increasing Percentage of Grinda's Investments Are Now In The U.S.
30:42 VC Tourists Who Got Smoked In 2022
33:15 Have VC Valuations Bottomed? A Tale of Two Cities (AI & Non-AI)
36:02 Fabrice's Journey Into Crypto
39:29 Midas: Yield-Bearing Stablecoin That Can Actually Do Stuff On-Chain
44:13 The Crypto Basis Trade & mBasis
47:50 Tether and Circle
49:41 Midas' Decision To Be Regulatory Compliant In Europe (And Not The U.S.)
51:44 The U.S. Regulatory Crackdown on Crypto Has Been Hardcore
53:17 Bankruptcy Remoteness In Crypto Is Rare
57:27 Are Onchain Treasury Bills Still Zero Coupon?
58:32 Fabrice's Longer-Term Vision For Midas
59:49 Fabrice's Views On Payment Rails Such as MasterCard, Visa, etc.
01:04:27 FedNow
01:07:29 How Did The Fall of Silicon Valley Bank (SVB) Impact The Venture Capital (VC) Ecosystem?
01:14:35 Additional Thoughts On Macro and Recession Risk
01:17:45 State of AI VC Market In 2024
01:24:50 Self-Driving Tech
01:27:12 Who Will Be The Biggest Long-Term Winners From AI?
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

[@BlockworksHQ]

Forward Guidance is sponsored by Van Eck. Learn more about the VanEck Morningstar Wide MOAT ETF (MOAT) at vaneck.com/MOATFG

[@rs1797]

Intelligent and passionate guest to the show, thank you Fabrice!

[@penderyn8794]

Most people are going to experience a grinding slow recession that is prolonged.

[@mattanderson6672]

Thank you

[@alan_drees]

Just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard intl index. Seeking best possible ways to grow my $350k portfolio regardless of economy situation.

[@speak2selwyn]

Agreed, the issue is most people have the “I will do it myself mentality” but not skilled enough. Ideally, advisors are perfect reps for investing jobs and at first-hand encounter, my portfolio has yielded over 330%, since covid-outbreak to date, summing up nearly $1m.

[@speak2selwyn]

'Karen Lynne Chess' is the licensed advisor I use. Just research the name online. You'd find necessary details to work with and set up an appointment.

[@Adrian_misterblue]

excellent share, curiously inputted Karen Lynne Chess on the internet out of curiosity, spotted her consulting page ranked top and was able to schedule a call session. Ive seen commentaries about advisors but not one looks this phenomenal

[@jvancek]

Catch22...i want to solve all the worlds problems through investing in tech....but advanced tech is probably going to end poorly for humans

[@seanmonear4917]

I get 5.5% on my usdc on coinbase

[@5kribbles]

I dont know about someone who is constantly finger steepling while they speak.

[@jarrodnunn]

Praying 🙏

[@pantsdaddy]

Small hats and their tricks

[@KK-pm7ud]

I think I saw him on Austin Powers last night too

[@lindamckenzie6885]

Why what does that tell you about someone

[@johnlin79]

He lost credibility when he pronounced Anduril wrong.