"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

[@Scottweeier846]

I lost over $70k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Natalie Rose Strayer

[@Jessecote875]

I'm surprised that you just mentioned Natalie Strayer here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.

[@Nguyenvictory83]

The very first time we tried, we invested $2000 and after a week, we received $9500. That really helped us a lot to pay up our bills.

[@Brucelanham845]

Natalie Strayer has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's

[@Rodriguezpaul-9]

This sounds so good and I would like to be a party to it, is there any way I can speak with her?

[@carolynvo7802]

After I raised up to 125k trading with her I bought a new House and a car here in the states also paid for my son's surgery
Glory to God shalom.

[@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.

[@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

[@mattanderson6672]

Thank you

[@seanmonear4917]

I get 5.5% on my usdc on coinbase

[@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

[@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.