Hunter Walk is co-founder and general partner at Homebrew. He reflects on how partner team size dictates whether a consensus decision framework works for venture capital funds.
Opinion
Walk: VCs refusing founder liquidity risk exploiting entrepreneurs while collecting fees
“Like the very least you're missing opportunities to de-stress founders in a way that will increase the probability of a wonderful outcome. And at the worst, you know, you're exploiting, you know, founders who have all their eggs in one basket, you know, while …”
Opinion
Hunter Walk: There is no Series A crunch in tech
“I tend to be on the side that there is no Series A crunch in the sense that I have yet to find a company that I thought should be able to raise a Series A fail to do so.”
Prediction Not checkable as stated
Walk: Overcapitalized startups face silent disappearance, low-value acquihires, or noisy collapse
“And so I think for most of those companies, layoffs are going to turn into silent disappearance low value acquihires or noisy collapses.”
Assertion Not checkable as stated
Walk: Homebrew never missed an outlier investment due to consensus rules
“We look back And we've struggled over 10 years to find an occasion where lack of, you know, if there was lack of consensus, it meant we didn't do the deal. And I don't think we have any, you know, quote unquote outliers that were, you know, false negatives bec…”
Insight
Walk: De-risked seed investing does not exist
“I don't think there's such a thing as like, De-risked seed. Like you should be betting on companies that in a success scenario can be wildly, wildly successful and worth a, you know, incredible amount of capital and want, you know, to own a percentage of those…”
What-if
Walk: Raising a $200M-$300M fund would have sacrificed team happiness
“Raising 203 hundred million dollars, you know, like some of our peers and going to market in a model where we brought on another GP, we expanded our team, we brought on another platform person. Like, I actually think we could, you know, Hit exceed our benchmar…”