Alter: Northzone over-indexes headcount on post-investment platform support
“North zone, for instance, you know, we have a pretty even split maybe a little over index on the platform side as well, because, you know, we care a lot about helping our portfolio companies post investment.”
Alter: Northzone writes checks from $2.5M seed up to $60M growth
“So for check size, we start at two and a half million at the seed stage and go all the way up to 50, sixty million. At the growth stage the real bread and butter is, you know, 10 to 20, that's where the majority of our checks happen”
Northzone splits capital evenly between US and Europe with slight Europe tilt
“We're pretty evenly split between U S and Europe with maybe a slight a slight emphasis on Europe from a percentage dollars standpoint.”
Northzone led Spring Health Series A based on Scandinavian mental health trends
“In Scandinavia, mental health was actually a thing long before it was in the U S they're so progressive over there. And so people were taking care of their mental health and it was destigmatized. Whereas in the United States, it was still kind of, this is, you…”
Northzone backed Tandem Health after seeing US medical scribing market growth
“Medical scribing took off early in the US with companies like Abridge and DeepScribe. And we saw how quickly those businesses were able to grow and invested in a company in Europe doing the same called Tandem Health.”
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.”
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…”
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.”
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.”