VV Show #57 - Fabrice Grinda of OLX
Venture Voice – interviews with entrepreneurs
English - April 27, 2009 23:41 - ★★★★★ - 23 ratingsCareers Business Technology entrepreneur venture capital technology entrepreneurship startup business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Craigslist seems unbeatable. It's often blamed (or celebrated) for destroying the classifieds business that helped keep American newspapers afloat. Now second-time Venture Voice guest Fabrice Grinda is seeking to dominate online classifieds with OLX, his latest venture. Unlike Craigslist, OLX is translated into many languages and has a global focus. OLX is completely ad supported so there are no fees for job or real estate listings as there are on Craigslist. Still, it sounds crazy to compete with Craigslist. If anyone can do it, it may be Fabrice. When we interviewed him in December, 2005, it was on his last day working as CEO at Zingy, a ring tone provider that he founded and sold for $80 million against all odds. OLX already has 125 employees and 60 million unique visitors per month, but with $28.5 million is venture capital it has a lot of growth ahead of it before it's a success. Hear how Fabrice plans on getting there.
Show sponsor: FreshBooks - an easy online invoicing provider used by Venture Voice