Tony Grimminck

We're back with more Jaap Vriesendorp - one of my favorite episodes to record on Superclusters, not just with the amount of notes I took, but just that Even better, my man Jaap, just put another great Medium article that covers why entry windows and exit windows matter. Something I'd highly recommend checking out: https://lnkd.in/gvxCWwuj A lot of which harkens back to our episode together where most LPs think about time diversification only from a entry point perspective, but not enough think about diversifying exit windows. As such there is immense value in allocating to different asset classes with different time horizons. And also, the podcast is back online (had a few technical difficulties over the last few weeks)

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"When hegemony is broken, conflict returns. At worst, the strong take what they can and the weak suffer what they must. At best, innovation returns. When there is no dominant power to ensure peace, there is also no bureaucracy to ensure stagnation. No global hall monitor. The same environment that produced Sparta and Athens––one of iteration and competition––is allowed to flourish. Hegemony brings peace, competition brings innovation. If America slips from total hegemon to standard first power, we’ll see a much more dynamic global environment. Ideally, the US will rise to the challenge and become more competitive as well. Decentralized currency means small network states can operate with a globally valid currency––no confederate dollars. Startup founders are now using LLMs to run companies with 2 people instead of 20. The same may be true of countries. Athens held total hegemony for 67 years. The United States has enjoyed the same for 79 years. Now a challenge to American hegemony paired with advances in tech set the stage for the rise of smaller, agile nation states and organizations to compete." https://lnkd.in/dN9eenh3

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Decarbonize the aviation industry. One of the most critical yet challenging sectors. In the fight against climate change. We are working on something in this sector. Together with Satgana, through our EUVC Syndicate. https://buff.ly/4a2n6NB If you want to find out more details about it, or join us. Send me a direct message here. #venturecapital #angelinvesting #startupfunding #europe

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What an extraordinary Venture Capital Conference. I gained powerful insights of the investment and entrepreneurial ecosystem in the netherlands and europe. 🚀🍀 It is also great to be member of the Financial Study association Rotterdam (FSR). #Slinghot #FinchCapital #NosuchVentures #venturecapital

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I was glad to have attended the recent event hosted by our Plug and Play Netherlands team with AmCham. It was a real pleasure to meet so many interesting "innovators". I had a great time and engaging discussions. We saw a lot of interest in open innovation from companies across all industries aiming to innovate further, more efficiently and faster. Most of them are already collaborating with startups but are still interested in increasing their ROI from their open innovation activities. In terms of tech focus areas, the highest interest was in Sustainability and having AI impacting the business in a tangible way. 🚀 #PNPTCNetherlands #Sustainability

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“When you invest in venture actually matters.” Jaap Vriesendorp is a legend. There’s no doubt about it. Whether you believe me or not, Episode 6 of this season of Superclusters is a must-watch. By far, one of the most deliberate guests I’ve had on the podcast so far. Not only does he break down the three pillars of building a community of entrepreneurial LPs, but also shares 3 facts that led him to create Welt Ventures’, now Marktlink Capital’s portfolio construction model. My 3 biggest takeaways: 🚪🏃 Exit windows matter more than entry windows. “The truth of the matter, when we look at the data, is that entry points matter much less than the exit points. Because venture is about outliers and outliers are created through IPOs, the exit window matters a lot. And to create a big enough exit window to let every vintage that we create in the fund of funds world to be a good vintage." 🏆 The Champion's League Effect “85% of returns flow to 5% of the funds, and that those 5% of the funds are very sticky. So we call that the ‘Champions League Effect.’" Jaap and his team constantly spend time looking at the data behind venture and is probably one of the most data-informed teams out there. He breaks down in the episode as well why his portfolio construction is 80% established, and 20% emerging managers. 🤗 Great communities all have 3 things: fun, value, uniquely organized knowledge. You need all three to create a community where each node of the network creates compounding effects. And much much more, including how much individual LPs often allocate to venture. Full episode in the comments!

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In recent years, the amount of capital raised in the Dutch private equity (PE) landscape has accelerated significantly. ➡️ This growth seems driven by both increased fund sizes and a rising number of funds. ➡️ Across specific asset classes (buy-out, early-stage, venture, growth, mezzanine, etc.), this pattern holds. ➡️ In fact, 2023 has been another record-breaking year despite the rough investment climate during and after the pandemic. ❓What do you think this implies for entrepreneurs, companies, LPs, and GPs? What are the crucial observations and nuances at a more granular level? 🤗 There's more behind these numbers. Let me know or reach out if you wish to discuss further!

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📚 Holiday weekend reading: “Plurality.” This philosophical approach applies open technologies to foster diverse collaboration and coordination and solve our societal challenges. Technology can and will bring diverse viewpoints together with the transparent debates needed to come to coordinated solutions. These open technologies today encompass the powerful capabilities in our innovation systems today: open source #AI models, permissionless #blockchain, community #web3tokens, interoperable #metaverses, among the many public goods enabled by emerging technologies. Our social relationships provide the universal values and effective direction for such innovations to impact our world towards positive sum growth. “Plurality” is the central subject of a new book by Microsoft’s internal economist Glen Weyl and Taiwan’s former Minister of Digital Affairs Audrey Tang. That book collects ideas in a donation supported ebook.

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How do we make investment decisions at Scalebridge? 👀 This is a common question from founders and investors. 💬 To shed light on this opaque process, we are launching 𝗙𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗲𝘀 newsletter. Naturally, we kick things off with our investment theses. 🔮 🚀 𝗔𝘂𝘁𝗼𝗻𝗼𝗺𝗼𝘂𝘀 𝗧𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 is a key investment thesis at Scalebridge, expected to redefine the tech landscape over the next decade. 🌟 The potential immense opportunity, with >$𝟱 𝘁𝗿𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝘀𝗽𝗲𝗻𝗱 up for grabs. ❌ Traditional digital transformation, despite heavy investment, has a failure rate exceeding 70% 𝗧𝗵𝗲 𝗰𝗼𝗻𝘀𝘂𝗹𝘁𝗮𝗻𝘁-𝗱𝗿𝗶𝘃𝗲𝗻 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝘁𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗺𝗼𝗱𝗲𝗹 𝗶𝘀 𝗯𝗲𝗰𝗼𝗺𝗶𝗻𝗴 𝗼𝗯𝘀𝗼𝗹𝗲𝘁𝗲, due to its rigidity and complexity. 🦾 Autonomous Transformation leverages data, workflow automation, and AI to achieve strategic goals with minimal manual interference. It allows for real-time autonomous decision-making and process adjustments, directing human efforts towards strategic management. 💸 The convergence of services and emerging technology capabilities has created 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 𝗳𝗼𝗿 #automation 𝗰𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 to lead the future of Autonomous Transformation. These automation companies are poised to replace traditional IT services and consultancy, addressing accumulated technological and process debts. ❓𝗙𝘂𝗹𝗹-𝘀𝗰𝗮𝗹𝗲 #autonomoustransformation ����𝘀 𝗮 𝗺𝘂𝗹𝘁𝗶-𝗱𝗲𝗰𝗮𝗱𝗲 𝗷𝗼𝘂𝗿𝗻𝗲𝘆, facing key challenges including limitations of #AI, #data quality & governance issues, and intricate enterprise #workflow. 💫 𝗔𝗹𝗹-𝗶𝗻 𝗼𝗻 𝗔𝘂𝘁𝗼𝗻𝗼𝗺𝗼𝘂𝘀 𝗧𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝘁𝗵𝗲𝘀𝗶𝘀 𝘀𝗶𝗻𝗰𝗲 𝗗𝗮𝘆 𝗢𝗻𝗲. A new wave of automation startups is spearheading #autonomoustransformation, replacing traditional consultancy and IT services. The future is here! Check out our investments: Versori, Spendkey, Garvis (exited), Trusstor. 📥  https://lnkd.in/ehUh6eiW #Automation #Scalebridge #thesis #VC #emergingmanager #founder

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What an incredible achievement by our portfolio company, Q*BIRD B.V., as they bring scalable quantum security to Europe's largest port, the Port of Rotterdam. This trial marks the first of its kind in the world. To put things into perspective, the Port of Rotterdam is a powerhouse: 👉 It generates over 500,000 jobs 👉 It adds over €60 billion of value to the Netherlands. 👉 It ranks as the world's fifth most significant bulk port. 👉 It is the tenth largest container port. 👉 It accommodates 28,000 oceangoing ships and 90,000 inland vessels every year. Staying ahead of emerging security threats is crucial for the port, which already has cryptographically secured communications. However, the increasing sophistication of hackers and growing geopolitical tensions in the world require increased security measures to protect critical infrastructure like ports. This remarkable achievement is the result of a close collaboration between Q*BIRD B.V., Port of Rotterdam, Cisco, Eurofiber, Portbase, Intermax, and InnovationQuarter. QDNL Participations, Chad, Cheryne #quantumsecurity

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You maybe never heard the backstory why I entered into the (c)VC industry as an ex-entrepreneur, intrapreneur & startup operator. I wanted to support amazing entrepreneurs, learn about new business models & technologies, invest in the companies that matched with the corporate mothership (insurance CVC) and help those businesses scale. But there is another reason .... ⚡ It's an industry wide-open for evolution and disruption by ... technology. Really? Yes ... "The VC investment process is broken It’s manual, inefficient, non-inclusive and biased." 💡 Excel has been the preferred tool for ages 💡 Human bias is all over the process 💡 Only the top 20% of VC's is datadriven (with a set of very advanced funds leading the pack like Moonfire, EQT Group, Redstone , ... ) ..... I have been considering the #VC industry as another industry that was in an urgent need for their 'digital transformation'. The acceleration of AI and GenAI was clearly THE momentum to leapfrog. 📢 "VCs need to become data-driven in search for efficiency, effectiveness, and inclusiveness" Over the last 4 days, I attended the first Data-Driven VC Summit 2024. A 4-day summit, +20 sessions and 600 investors/startups discussing the Datadriven VC across multiple domains and topics (sorry numbers are important 😎 Some (incomplete) snippets from 4 days packed with content:  * The different phases in the Investment process require different solutions & data (panel discussions) . No monoliths possible. * Getting the data and normalizing, maintaining, updating, ... them is a massive job (all sessions) * " I don't have to do every good deal, but every deal needs to be good" Mike Arpaia on deal quality versus adding sources * 'Buy or build' is clearly still a debate, with build taking the lead at the moment, with deal sourcing being an exception (buy)? Differentiation is a key motivation to build. * AI will have an impact on the investment process, but 'core people and leadership challenges' will be just as pressing (in scaling up) (Martin Mignot - Index Ventures) * Founder relationships and their impact on succes can be researched and evaluated using the same research on married couples (excellent insights by Prof. Dr. Theresa Treffers on conflict handling being the most predictive dimension) .... There was a LOT more content across all the talks, but hard to summarize here, even using #GenAI ;-) >------------- LET'S TALK 💬 If you consider upgrading your VC or CVC fund to become more data-driven (VC Platform roles), don't hesitate to reach out below to discuss: 💬 https://lnkd.in/e6kjakzF #VentureCapital #DataDrivenVC #GenerativeAI

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Marketing in venture. A topic that we recently discussed and that we continue to have at EUVC This time, we brought together Natasha Lytton, Director at Seedcamp, Vincent Touati-Tomas, Head of Marketing at Northzone, and Jeroen van Doornik, aka JD, among friends, co-founder & General Partner of Pacenotes. Here is what you can expect from our conversation: 👉 narrative development 👉 thesis development 👉 measuring marketing activities 👉 content creation for a VC firm 👉 positioning and its role in fund strategy 👉 AI impact on marketing & future trends in 2024 Tune in on EUVC! Link in comments. 🔽 #venturecapital #angelinvesting #startupfunding #europe

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🚀 Listen now to the latest episode of The Big Exit Show podcast, where Anke Huiskes and I discuss with Marc van Agteren (former CEO of Usabilla) their successful acquisition by SurveyMonkey. Fascinating story of an (almost) bootstrapped company, my key insights are: - How the shift to enterprise paved the way for growth and break even ✨ - Navigating the exit process while delivering growth 📈 - How can you secure post-acquisition transition with minimal initial changes 🔄 🎧 Listen to the full episode for more insights into Marc's entrepreneurial journey on selling Usabilla and what he would do differently https://lnkd.in/ekCxK-r3 🙏 Thanks to Sophie Corlay for the suggestion to interview Marc. ➡️ Do you know other guests you would like to hear their exit story? Just DM Anke Huiskes or me. #StartupSuccess #BusinessAcquisition #Usabilla #SurveyMonkey #TheBigExitShow #CX #founderstries #founders #exit #SaaS

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Should family offices invest themselves or use an external manager? Read my article in this month's Business Brief and find out! As always, thank you Amanda (Mandy) Eulenkamp for the opportunity to contribute. #founders #startups #venturecapital #buildinginpublic #investinginpublic More at unbundled dot vc.

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Not many know this: before VC I was a touring rock drummer 🤘🏼 Common reaction:"woa, those worlds are TOTALLY disconnected." Not true! So many overlaps. Most relevant: a good #drummer is in service to a song, and a good VC is in service to a company (my view). Seems obvious, but I do feel a lot of VCs see themselves as #lead #singer vs. drummer. Do you agree? 🥁 🎤 Shared more of my venture values on a podcast w/ rising star investors Laura Hamilton @ Notable Capital (fka GGV) and Wil H. @ Apax Digital. 👂🏼 👉🏼 "Partner Path: Drum Sticks to Deal-Making": https://lnkd.in/erdMXSrv #venturecapital

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Measuring marketing in Venture is useless. Never one to mince my words, I was back on the EUVC podcast alongside Vincent Touati-Tomas & Jeroen van Doornik to discuss all things marketing in VC. Alongside all things narrative development, positioning, culture, and content and distribution, we also covered one of the hotly debated topics of the moment in the US vs Europe debate and even got into the weeds of the impact of regulation and what funds need to do in order to stand out. If you're curious about the mysterious world of venture marketing then have a listen here:

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Fascinating data about the VC investments per capita by now in 2024 that Yoram Wijngaarde and his team at Dealroom.co brings. As we get stuck in our mindset on the big advanced ecosystems that are making lots of noise, there are incredible places where resiliency in terms of capital raised is remarkable. Singapore 🇸🇬 (Jacqueline Poh, YC Choy) is at the top of the charts followed by the UAE 🇦🇪, right ahead the US! Switzerland 🇨🇭 is the leading European country with the most VC money invested per capita, followed by Israel 🇮🇱 (Michal Freeman-Shor). My take is, watch for small countries that put tech, AI, startups and the private capital market in their priorities as a leading economic growth driver. Those are the tech exporters of talent, tech and capital and will attract investors globally. #capitalmarkets #privatecapital #venturecapital #startups #innovation #technology #AI #economy #growth #entrepreneurship #privateequity

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While a guest lecturer at the University of Amsterdam, a student asked me what the typical workday of a venture capital investor looks like. Here's a sneak peek: 🔍 Morning: Research & due diligence - Dive deep into market trends, scout potential startups, and conduct thorough due diligence to identify promising investment opportunities. 💡 Midday: Meetings & networking - Connect with founders, fellow investors, and industry experts to discuss potential deals, exchange insights, and foster valuable relationships within the startup ecosystem. 💻 Afternoon: Portfolio management - Engage with portfolio companies, provide strategic guidance, and support their growth initiatives through mentorship, resources, and introductions to key stakeholders. 📈 Evening: Analysis & strategy - Reflect on investment thesis, analyze market data, and strategize on portfolio optimization to maximize returns and drive long-term value creation. 🌟 Every day brings new challenges, opportunities, and moments of inspiration in the dynamic world of venture capital. Excited to continue fueling innovation and backing tomorrow's game-changers! #venturecapital #startups #funding

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Learn. Adapt. Evolve. Delivering value in everything we do is a foundational pillar of doing the most good every day. We had an amazing discussion about private equity delivering value. Andries De Vos and David Kay this one's for you! #MIGlobal https://lnkd.in/gWTyqAex

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