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IDCEE 2014: Opening Keynote - The Case For Optimism - Fabrice Grinda (Co-founder @OLX, angel investor)

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http://idcee.org/p/fabrice-grinda/

As an Internet entrepreneur and investor, Fabrice has successfully transposed, adapted and invested in business ideas between the U.S., Europe, Asia and Latin America. In March of 2006, Fabrice co-founded OLX, Inc. with business partner Alec Oxenford, in the hopes of building the largest free local classified site in the world. As co-founder and co-CEO, Fabrice drives the company's business development, investor relations, M&A and product development efforts. OLX now has 200 employees and is present in 90 countries and 40 languages with over 150 million unique visitors per month.

Fabrice is also a prolific angel investor with over 75 active investments in various companies including Viajanet, Peopleperhour, Brightroll, and many others.Prior to OLX, Fabrice was the founder and CEO of Zingy Inc., which he built into one of the largest wireless media companies in the Americas while successfully closing deals with some of the top wireless providers in the world. Within four years, Fabrice successfully grew the business to $200 million in content sales before selling the business in 2004 for $80 million.In 1998, Fabrice co-founded and was CEO of Aucland S.A., one of the top three auction sites in Europe. Before that Fabrice worked as a business consultant for McKinsey & Company.

Fabrice graduated Summa Cum Laude from Princeton University in 1996 and was awarded the Halbert White prize, given to the most distinguished economics student, as well as The Wolfe Balleisen memorial prize, awarded for best thesis.

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IDCEE 2014: Opening Keynote - The Case For Optimism - Fabrice Grinda (Co-founder @OLX, angel investor)

  1. 1. The Case for Optimism 1 Fabrice Grinda www.fabricegrinda.com
  2. 2. Fabrice Grinda www.fabricegrinda.com 2 Fabrice Grinda www.fabricegrinda.com 2 WE ARE BOMBARDED WITH DEPRESSING NEWS
  3. 3. Fabrice Grinda www.fabricegrinda.com IT FEELS LIKE WE ARE HEADED FOR A DIRE FUTURE 3 3 www.fabricegrinda.com Fabrice Grinda
  4. 4. Fabrice Grinda www.fabricegrinda.com Dictatorships are on the wane 4 4 Fabrice Grinda www.fabricegrinda.com
  5. 5. Fabrice Grinda www.fabricegrinda.com 82% decrease in global poverty in only 40 years 5 5 Fabrice Grinda www.fabricegrinda.com
  6. 6. Fabrice Grinda www.fabricegrinda.com 650M people came out of poverty in China in 30Y 66 Fabrice Grinda www.fabricegrinda.com
  7. 7. Fabrice Grinda www.fabricegrinda.com Shenzhen in the 1980’s and 2014 7 1980’s 2014 7 Fabrice Grinda www.fabricegrinda.com
  8. 8. Fabrice Grinda www.fabricegrinda.com Increasing Oil reserves despite record consumption 8 8 Fabrice Grinda www.fabricegrinda.com
  9. 9. Fabrice Grinda www.fabricegrinda.com Fundamental changes in our way of life 9 Office work in the 1970’s… and in 2014 9 Fabrice Grinda www.fabricegrinda.com
  10. 10. Fabrice Grinda www.fabricegrinda.com Over the long run recessions barely register 10 The Great Depression Oil Shocks 10 Fabrice Grinda www.fabricegrinda.com
  11. 11. Fabrice Grinda www.fabricegrinda.com Our lives have been transformed for the better 11 Life expectancy 2X Childhood mortality /10 Per capita income 3X Fabrice Grinda www.fabricegrinda.com 11
  12. 12. Fabrice Grinda www.fabricegrinda.com We have redefined the meaning of Poverty 12 Americans in poverty have: •99% have electricity, water, toilet & refrigerator •95% have a television •88% have a mobile phone •70% have a car and air conditioning Fabrice Grinda www.fabricegrinda.com 12
  13. 13. Fabrice Grinda www.fabricegrinda.com The world is more peaceful than ever before Fabrice Grinda www.fabricegrinda.com 13
  14. 14. Fabrice Grinda www.fabricegrinda.com Africa is rising 14 Fabrice Grinda www.fabricegrinda.com 14
  15. 15. Fabrice Grinda www.fabricegrinda.com Estonia is setting an example for other countries to follow 15 •24% of people voted online in 2011 •93% fill personal tax returns online •Companies can be setup online •Online school reports including homework, grades, etc. •Online medical records Fabrice Grinda www.fabricegrinda.com 15
  16. 16. Fabrice Grinda www.fabricegrinda.com 3D Printing is revolutionizing manufacturing 16 3D Printing has already revolutionized prototyping… is being increasingly used to make final parts… and may revolutionize medicine with the printing of organs Fabrice Grinda www.fabricegrinda.com 16
  17. 17. Fabrice Grinda www.fabricegrinda.com Healthcare is finally becoming computerized 17 Watson is better at diagnosing certain cancers than traditional doctors Star Trek-like medical tricorders should enter the market within 5 years Fabrice Grinda www.fabricegrinda.com 17
  18. 18. Fabrice Grinda www.fabricegrinda.com Robots are invading factories and our lives 18 Drones will reduce by over 90% the average shipping time we experience today The Da Vinci Robot is more precise than the best surgeon for non-invasive surgeries. Atlas Robot is designed to save lives in disaster zones Fabrice Grinda www.fabricegrinda.com 18
  19. 19. Fabrice Grinda www.fabricegrinda.com The Internet of Things will improve our daily lives 19 Egg-minder tells us when eggs are going bad Nest learns our habits and adjusts our home’s temperature accordingly and gets smarter every time we use it Fabrice Grinda www.fabricegrinda.com 19
  20. 20. Fabrice Grinda www.fabricegrinda.com Education is also finally entering the technology age 20 From traditional classrooms… to computerized classrooms… and “global” classrooms Fabrice Grinda www.fabricegrinda.com 20
  21. 21. Fabrice Grinda www.fabricegrinda.com Transportation will be significantly improved 21 Average Driver: 1.8 accidents every 300,000 miles Self driving car: 0 accidents every 300,000 miles Fabrice Grinda www.fabricegrinda.com 21
  22. 22. Fabrice Grinda www.fabricegrinda.com Communications are headed for a revolution 22 Movie reconstruction from brain activity First example of human brain-to-brain communication Fabrice Grinda www.fabricegrinda.com 22
  23. 23. Fabrice Grinda www.fabricegrinda.com Energy is abundant, the issue is accessibility 23 Fabrice Grinda www.fabricegrinda.com 23
  24. 24. Fabrice Grinda www.fabricegrinda.com Aluminum was more expensive than gold in 1800’s 24 Fabrice Grinda www.fabricegrinda.com 24
  25. 25. Fabrice Grinda www.fabricegrinda.com Solar energy is increasingly becoming cost competitive 25 Fabrice Grinda www.fabricegrinda.com 25
  26. 26. Fabrice Grinda www.fabricegrinda.com 26 Fabrice Grinda www.fabricegrinda.com 26 Innovations are happening in water purification…
  27. 27. Fabrice Grinda www.fabricegrinda.com … and farming 27 Fabrice Grinda www.fabricegrinda.com 27
  28. 28. www.fabricegrinda.comfabrice@grinda.org@fabricegrinda Fabrice Grinda www.fabricegrinda.com 28 THANK YOU!

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