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Jeppe Zink

General Partner, Northzone · 1 appearance on the record.

computed by AI from the episodes · how this works → · full disclaimer →

Jeppe Zink is a General Partner at Northzone, where he established the firm's London office. He focuses on investments in fintech, SaaS, marketplaces, and mobile, with portfolio companies including Wallapop and SpaceApe Games.

13statements → 3claims → 1claims resolved → 3.69/5average certainty → 2.46/5average debate potential → 4.4/5argument clarity · the sources →

1 supported 0 partly supported 0 contradicted 1 not yet assessed 1 not checkable as stated how the 3 claims stand · each chip opens the sources

2 predictions · 1 assertion · 2 opinions · 6 insights · 2 disclosures · every statement was checked. The predictions and assertion are the 3 claims: statements the public record can support or contradict. 1 is resolved, 1 is not yet assessed, and 1 names no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Jeppe argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Prediction Held up
Zink: Tourist investors like hedge funds will exit VC during downcycles
“I see a lot of valuation bubbles in certain subsectors or in late stage VC investments, and that's really because you have a lot of tourists coming in, like hedge funds and other, other non-consistent players putting money into the VC game, and I think as you …”
Jeppe Zink Nov 11, 2015 ▶ 6:59 20 VC 087: From The Investors Of Spotify, TrustPilot and Klarna with Jeppe Zink, General Partner @ Northzone

Argument clarity: do they answer the question? how? →

4.4 / 5 directness 4.2 · coherence 4.9 · precision 4.5 · compression 4

redirected or did not address 1 of 10 assessed questions (10%). Watch them ▸

This is a score against a rubric. It is not a rank. Every host question → answer exchange is scored with names hidden on directness, coherence, precision and compression, 1–5 each, on meaning alone: disfluencies are ignored, and only raw unedited episodes count. This is the score that measures thought. Every scored exchange, scores shown → · The rubric and its checks →

How they sound: speaking style how? →

233 words/min while actually speaking · 30.3 um and uh per 1k words

Measured by listening to the audio itself: 2,474 words across 1 episode of raw-level tape, transcribed verbatim with every um and uh kept, each one attributed only where the alignment onto our timed stream is unambiguous. These are measurements of speaking style. We do not rank them: across this corpus, fluency and argument quality are nearly uncorrelated (ρ≈0.2), and smooth talking does not signal clear thinking. How it's measured →

How the interview went all their pushback → series average →

Across 1 rated episode:

host pushback ▾ 3/10
pushed back at the host ▾ 3/10
setup questions received 62%

Everything Jeppe Zink said on 20VC that made the record, most notable first. Filter by type, assessment or year in the ledger →

Insight
Zink: Venture capital should be impatient, not patient capital
“I often hear about the notion that venture capital is supposed to be patient capital, and I always smile, because I think the opposite is all about being impatient. If something is not working, change it. Don't wait and see if it improves.”
Jeppe Zink Nov 11, 2015 ▶ 14:52 20 VC 087: From The Investors Of Spotify, TrustPilot and Klarna with Jeppe Zink, General Partner @ Northzone
Insight
Zink: 1990s European VCs failed because partners had buyout mindsets
“And obviously that's possibly a reason why so many failed, because if you look at the VC strategies, there were simply two transaction focus, given that the talent came from the buyout side. And that was too far removed from entrepreneurial realities.”
Jeppe Zink Nov 11, 2015 ▶ 4:14 20 VC 087: From The Investors Of Spotify, TrustPilot and Klarna with Jeppe Zink, General Partner @ Northzone
Assertion Not publicly verifiable
Zink: Over 90% of European VCs active in 2000 have died
“So, so I think if you go back 1015 years ago, I think literally I saw a study that said that over 90% of the VC firms, ah, that were in existence in Europe in 2000 have died or cannot raise new funds today.”
Jeppe Zink Nov 11, 2015 ▶ 4:51 20 VC 087: From The Investors Of Spotify, TrustPilot and Klarna with Jeppe Zink, General Partner @ Northzone
Prediction Held up
Zink: Tourist investors like hedge funds will exit VC during downcycles
“I see a lot of valuation bubbles in certain subsectors or in late stage VC investments, and that's really because you have a lot of tourists coming in, like hedge funds and other, other non-consistent players putting money into the VC game, and I think as you …”
Jeppe Zink Nov 11, 2015 ▶ 6:59 20 VC 087: From The Investors Of Spotify, TrustPilot and Klarna with Jeppe Zink, General Partner @ Northzone
Opinion
Zink: High demand is driving bubble-like valuations in fintech startups
“Yes. I, in many ways, I find it scary, but that's supply and demand speaking. I think we spoke about the cycle. I think we will see that changing as the cycle changes.”
Jeppe Zink Nov 11, 2015 ▶ 10:38 20 VC 087: From The Investors Of Spotify, TrustPilot and Klarna with Jeppe Zink, General Partner @ Northzone
Opinion
Zink: Stockholm and the Nordics produce more tech winners than London
“We see very few of the current crop of great winners coming from here, whereas clearly Stockholm, the Nordics are punching way above their weight.”
Jeppe Zink Nov 11, 2015 ▶ 11:36 20 VC 087: From The Investors Of Spotify, TrustPilot and Klarna with Jeppe Zink, General Partner @ Northzone
Disclosure
Zink: Northzone intentionally turns over staff continuously to emulate startups
“Inside Northstone, we try to emulate the startup. So we make sure we never static. We always have people arriving and leaving. We make sure hunger is always present and getting new input.”
Jeppe Zink Nov 11, 2015 ▶ 14:27 20 VC 087: From The Investors Of Spotify, TrustPilot and Klarna with Jeppe Zink, General Partner @ Northzone
Insight
Zink: Scaling billion-dollar peer-to-peer lending requires institutional capital markets
“You don't scale billion-dollar businesses that way. You have to have capital markets.”
Jeppe Zink Nov 11, 2015 ▶ 18:44 20 VC 087: From The Investors Of Spotify, TrustPilot and Klarna with Jeppe Zink, General Partner @ Northzone
Insight
Jeppe Zink: VC fund vintage returns depend heavily on exit market conditions
“And I think people often forget that the best vintage years are driven as much by how good the exits markets are when you're ready to sell out of the companies as anything else.”
Jeppe Zink Nov 11, 2015 ▶ 5:47 20 VC 087: From The Investors Of Spotify, TrustPilot and Klarna with Jeppe Zink, General Partner @ Northzone
Prediction Not checkable as stated
Zink: Second-wave fintech startups will soon disrupt first-wave pioneers
“I think if you look at the next five, 10 years, I think we're going to have a second wave of companies that say, compared to this first wave, isn't there a better way of doing it? And I think you will find much more sophisticated setups structurally within the…”
Jeppe Zink Nov 11, 2015 ▶ 9:41 20 VC 087: From The Investors Of Spotify, TrustPilot and Klarna with Jeppe Zink, General Partner @ Northzone
Insight
Zink: Nordic Tech Success Is Driven by Role Models and Serial Talent
“Now that no longer matters. Now what matters is the fact that we have all these great successes up there. That act as heroes to the rest, and you have management second layer teams that have been watching that success firsthand and saying, hey, I can do that. …”
Jeppe Zink Nov 11, 2015 ▶ 12:20 20 VC 087: From The Investors Of Spotify, TrustPilot and Klarna with Jeppe Zink, General Partner @ Northzone
Insight
Zink: Momentum is the most critical metric for evaluating startups
“It's so different from startup to startup, but for me, it's all about momentum. If I don't sense there's momentum, and momentum can be In product development, if I don't sense things are happening, then I always push, because I think momentum is, when you have…”
Jeppe Zink Nov 11, 2015 ▶ 15:47 20 VC 087: From The Investors Of Spotify, TrustPilot and Klarna with Jeppe Zink, General Partner @ Northzone
Disclosure
Zink: Northzone backed Spotify at bull peak and Avito in bear market
“And if I look at our current biggest winners Spotify and Avito, we invested in the A-round and Spotify just before the party finished in, in September of when the bull market was still very strong. And Avito reinvested in, in the deep bear market.”
Jeppe Zink Nov 11, 2015 ▶ 6:05 20 VC 087: From The Investors Of Spotify, TrustPilot and Klarna with Jeppe Zink, General Partner @ Northzone

Appearances (1)

EpisodeDateSpeaking time
20 VC 087: From The Investors Of Spotify, TrustPilot and Klarna with Jeppe Zink, General P Nov 11, 2015 12m
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