Satya Patel

Co-Founder & Partner, Homebrew · 1 appearance on the record.

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investorfounderexecutiveoperator@satyap ↗LinkedIn ↗homebrew.co ↗

Satya Patel co-founded the seed-stage venture capital firm Homebrew, backing companies such as Chime, Plaid, and Gusto. Prior to Homebrew, he served as VP of Product Management at Twitter and worked as a product manager at Google.

8statements → 1claims → 1claims resolved → 4.12/5average certainty → 2/5average debate potential →

1 supported 0 partly supported 0 contradicted how the 1 claim stands · each chip opens the sources

1 assertion · 1 opinion · 4 insights · 2 disclosures · every statement was checked. The predictions and assertion are the 1 claim: statements the public record can support or contradict. 1 is resolved. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Satya argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported

Patel: Underrepresented VCs are empirically more likely to fund underrepresented founders

“It's empirically true that underrepresented venture capitalists are more likely to fund underrepresented founders who are more likely to hire underrepresented employees.”

Satya Patel Nov 4, 2021 ▶ 35:44 Satya Patel – Homebrew (Manager Meetings, EP.18)

What they said8 Episodes1

Everything Satya Patel said on Capital Allocators that made the record, most notable first. Filter by type, assessment or year in the ledger →

Opinion

Patel: Very few seed investors act as accountable lead investors of record

“We believed then still believe it's true that there are very few investors at the seed stage who are willing to be the investor of record, so to speak, or the accountable party.”

Satya Patel Nov 4, 2021 ▶ 12:11 Satya Patel – Homebrew (Manager Meetings, EP.18)

Insight

Patel: An investor's operating experience becomes less relevant over time

“One is, as you get further away from operating, your experiences and kind of how you did things is less and less relevant to the founders that you work with.”

Satya Patel Nov 4, 2021 ▶ 26:45 Satya Patel – Homebrew (Manager Meetings, EP.18)

Insight

Patel: Setting VC fund size before strategy is a recipe for failure

“And we're big believers that your fund size needs to reflect your strategy. If you Set your fund size and then try to create a strategy around it. We think that's a recipe for failure.”

Satya Patel Nov 4, 2021 ▶ 22:26 Satya Patel – Homebrew (Manager Meetings, EP.18)

Insight

Patel: Early VC portfolio data is mostly negative because failures precede successes

“And as an investor, you really have to be committed to your strategy because the data takes a long time to get back. And the early data is mostly negative because your failures come before your successes.”

Satya Patel Nov 4, 2021 ▶ 27:36 Satya Patel – Homebrew (Manager Meetings, EP.18)

Insight

Patel: Winning product strategy starts with a narrow wedge solving one problem

“So what we really like to hear articulated is a product vision that starts with a very narrow near-term focus. One problem solved really well for one type of customer, but a broad long-term vision, a path for how you move from that wedge to something that take…”

Satya Patel Nov 4, 2021 ▶ 32:45 Satya Patel – Homebrew (Manager Meetings, EP.18)

Assertion Supported

Patel: Underrepresented VCs are empirically more likely to fund underrepresented founders

“It's empirically true that underrepresented venture capitalists are more likely to fund underrepresented founders who are more likely to hire underrepresented employees.”

Satya Patel Nov 4, 2021 ▶ 35:44 Satya Patel – Homebrew (Manager Meetings, EP.18)

Disclosure

Screen Door targets 10% fund stakes with a $55M initial vehicle

“We try to represent 10% of the funds that we back. And with the size vehicle that we have now, which is on the order of fifty five million, that really means that it's really hard to do anything above a hundred million in fund size”

Satya Patel Nov 4, 2021 ▶ 52:54 Satya Patel – Homebrew (Manager Meetings, EP.18)

Disclosure

Patel: Homebrew prioritized institutional LPs over friends-and-family capital from inception

“And so a little naively and a little strategically, we decided we wanted to focus on institutional capital. And we were fortunate having worked in the Valley for a long time and having a lot of relationships that we knew we'd be able to raise some amount of ca…”

Satya Patel Nov 4, 2021 ▶ 15:35 Satya Patel – Homebrew (Manager Meetings, EP.18)

Appearances (1)

Episode	Date	Speaking time
Satya Patel – Homebrew (Manager Meetings, EP.18)	Nov 4, 2021	36m

Satya Patel

The record, in short

Their most notable supported claim

Appearances (1)

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