Homebrew

“We're going to keep our firm together. We're going to make the same number of investments each year, 10 to 12. But instead of having an ownership target that forces a certain check size, so, and so forth, we're going to write most checks between a hundred K an…”

“When we write a check into a company as homebrew four we hope to have the opportunity to continue to support or, you know, put more capital in if it makes sense, but we make it, we write that check, assuming It'll be the only check we write and that the juice …”

“Like, even if that fund didn't return another dollar, we'd be like a top one percent fund, and fortunately, it's gonna return more dollars.”

“Our first two funds, I think are all maybe are a hundred north of a 120% recycling. So we really double triple down recycling as people, you know, I was using the example before of you draw down fees, right. But you have to invest the whole amount recycling is…”

“We've always given anybody who works for homebrew carry in the fund. So our head of ops, you know, executive assistant, our head of talent in addition to getting salaries and bonuses, they are, they get unbounded upside. In our success.”

“Your thesis is your portfolio page. It's not your tweets. It's not your blog post. It's not your market maps. The saddest thing in the world is to be an investor who, like, gets all of those right, but then doesn't invest in the best companies. ... Then you're…”

“You know, we've made 28 investments or so. I think we're just closing on a 29th a hundred percent, you know, a hundred percent win rate, you know, for whatever that's worth type of thing.”

“We went from four LPs in our first one that made up, like, 90% to eight in the second one that made up about, like, 97%”

“Anyone who's on the Midas list no matter what their firm says, they've turned over, you know, information to a third party about their portfolio. And they've decided internally that somebody gets to claim credit for that deal. Whether it's the person who deser…”