Exit Windows Matter More Than Entry Windows | Jaap Vriesendorp | Superclusters | S2E6

Apr 15, 2024

Jaap Vriesendorp, Managing partner of Marktlink Capital, discusses the significance of Mount Pinatubo in his life, entrepreneurial genes in his family, transition to becoming an investor, traits defining a community, and the evolution of funding rounds and market dynamics in venture capital.

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ANECDOTE

Built A Jacket During INSEAD

Jaap Vriesendorp built a high-performance jacket instead of attending many INSEAD lectures.
He validated fabrics and performance in field tests to beat commercial jackets.

ANECDOTE

Grandfather's Heavy-Lift Business Influence

Jaap Vriesendorp traces entrepreneurial drive to his grandfather's heavy lifting and construction firm.
Family conversations pushed them to ask "how can you do better?" and challenge the status quo.

ANECDOTE

One-Year Exit Plan To Become Investors

Jaap and Bouke gave themselves one year to transition from McKinsey to fund managers.
They set concrete fundraising and deployment goals to force progress and validate the idea.

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Jaap Vriesendorp is one of the managing partners of Marktlink Capital, an investment manager from the Netherlands investing over $1b into private equity and venture capital funds. Marktlink Capital’s LPs are almost exclusively Dutch (tech) entrepreneurs from companies such as Booking.com, Adyen and Hellofresh. At Marktlink Capital Jaap focusses on selecting venture and growth funds across Europe and the US. Before Marktlink Capital, he spent the majority of his time at McKinsey where he was one of the leaders of McKinsey’s practice for Venture Capital, Unicorns & Startups in Europe. Besides work, Jaap enjoys sports, mountains, technology, comic books, music and art. He holds an MBA from INSEAD and is a guest lecturer at the Rotterdam School of Management (Erasmus University). He occasionally shares his views on private market investing on Medium. You can find Jaap on his socials here: LinkedIn: https://www.linkedin.com/in/jaap-vriesendorp/ Medium: https://medium.com/@jjjvriesendorp And huge thanks to this episode's sponsor, Alchemist Accelerator: https://alchemistaccelerator.com/superclusters

OUTLINE:

[00:00] Intro

[03:04] The significance of Mount Pinatubo in Jaap's life

[06:23] One Shell Jackets

[08:45] The entrepreneurial gene in the Vriesendorp family that dates back to Jaap's grandfather

[14:32] The 1-year time constraint of starting Welt Ventures

[17:43] What did the transition to becoming an investor look like for Jaap

[20:28] The 3 traits that define a community

[24:03] How often does Jaap host events?

[25:30] How does Marktlink Capital have 1000 LPs?

[27:15] What was Marktlink's pitch to their LPs?

[28:32] What is the typical individual LP's allocation model to VC/PE?

[29:41] Why is VC/PE uncorrelated to the public markets?

[35:10] The 3 facts that define Welt Ventures' portfolio construction model

[38:28] Exit windows matter more than entry windows

[42:15] Diversification in PE = Concentration in VC

[47:42] 3 types of emerging GPs that deliver alpha

[49:35] Which European fund has a really unique thesis?

[51:44] Which school did Jaap apply to but not get in?

[53:55] Thank you to Alchemist Accelerator for sponsoring!

[56:31] If anything resonated with you in today's episode, we'd be honored to earn a like, comment, or share! Follow David Zhou for more Superclusters content: For podcast show notes: https://cupofzhou.com/superclusters Follow David Zhou's blog: https://cupofzhou.com Follow Superclusters on Twitter: https://twitter.com/SuperclustersLP Follow Superclusters on TikTok: https://www.tiktok.com/@super.clusters Follow Superclusters on Instagram: https://instagram.com/super.clusters