Hunter Walk: Do not use AUM growth to measure fund success
Hunter Walk · Hunter Walk, Homebrew & Screendoor · Sourcery with Molly O'Shea · Jun 14, 2024 · at 1:10:36
Hunter Walk, partner at Homebrew and co-founder of Screen Door, advises emerging venture managers on fund sizing and strategy.
0:00 / 0:09exact quote · 9.9s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“Don't use AUM or increasing AUM as a measuring size for your success, for your momentum, for anything.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Hunter Walk
Walk: Underperforming VC funds take a decade or more to exit
“It takes, you know, a decade or more, you know, barring a real firm, you know, a partnership breakup or you know, something illegal, you know, right? Like it takes a decade or more for a underperforming fund To actually exit the market.”
Hunter Walk: Only 5% of VCs are exceptional and 5% are horrible
“And then you get inside the industry and you realize like, actually it's a single hump. There's five percent of VCs who are really, really good at what they do. And even part of that is self-awareness, right? Oh, I'm best in these situations and this stage of …”
Walk: Raising larger venture funds without structural planning hurts LPs and founders
“Like all of those are implications that I think actually when venture firms don't consider and they just raise more money and then figure it out as they go, like are bad for LPs and bad for founders and thus bad for those firms.”
Hunter Walk: Homebrew's 2013 fund ranks in the top one percent
“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.”
Hunter Walk: Midas List inclusion forces confidential disclosures and deal attribution
“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…”