Satya Patel, co-founder of Homebrew, discusses the relationship between strategy and fund sizing for early-stage venture firms.
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“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.”
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More from Satya Patel
Opinion
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“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.”
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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…”
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.”
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”
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