FJ Labs
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This is what high-volume angel investing looks like when done right. FJ evaluates 40-50 deals every week (2,542 companies in 2019) and operates with brutal efficiency — two calls in a week, decision within an hour, clear feedback on why they're in or out. They don't lead, set terms, or take board seats, which founders love but means you're getting a check, not a champion. Their real value-add is fundraising help — they do deal flow sharing calls with around 100 VCs every 8 weeks and will help you complete rounds or raise future ones. The track record speaks for itself with over 30 unicorns and 44 total unicorns in portfolio including exits like Coupang, Uber, and Palantir. But remember: Fabrice is "very bullish AI" but "bearish investing in AI" — they're contrarian when everyone else is piling in.
- —Best for: Speed demons who want a fast yes/no and don't need hand-holding
- —Watch out for: You're one of 900+ companies - don't expect white glove service
- —Known for: Unmatched marketplace expertise and fundraising connections
Marketplace and network effect businesses represent the most valuable category of companies. FJ Labs specializes exclusively in marketplace and network effect businesses: two-sided or multi-sided platforms connecting different user groups, companies with strong viral growth and defensible unit economics, and multi-sided platforms that create value through network participation.
FJ Labs is truly stage-agnostic, backing companies from pre-seed through pre-IPO with checks ranging from $50K-$100K for early-stage opportunities to $5M+ for larger rounds. Their sweet spot is $750K for seed-stage marketplace companies with typical investments of $250K-$2M. Portfolio is roughly 70% U.S., 70% seed stage, and 70% marketplaces, with over 30 unicorn exits making them one of the most successful marketplace-focused VCs globally.
Among the world's leading Internet entrepreneurs and investors with over 250 exits on 700 angel investments and impressive track record as early investor in Alibaba, Flexport, Delivery Hero, Betterment and Brightroll. Named #1 Angel Investor in the world by Forbes and previously co-founder and co-CEO of OLX, one of the largest websites in the world with over 300 million unique visitors per month.
Started his professional career as consultant at The Boston Consulting Group, co-founded DeRemate.com (eBay model for Latin America) in 1999, which raised $75M USD and later merged with Mercado Libre that went public on Nasdaq. Also founder of Serendipity Investments with investments in >70 startups, including early bets in Bazee (sold to eBay 2005) and eDreams (sold to TA Associates 2006).
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