Everything Jeppe Zink said on any show that made the record, most notable first. Each card names its show and opens the statement there.
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.”
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.”
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.”
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 …”
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: 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.”
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.”
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: 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.”
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: 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. …”
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…”
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.”