Hunter Walk on Homebrew's Systems and COVID Investing Mistakes
Hunter Walk reflects on Homebrew's early mistakes: tracking talent with spreadsheets and chasing temporary demand surges during 2020.
Hunter Walk: Why Venture is Getting Harder, Picking Great Founders, and Investing Against Consensus
With David Weisburd, Hunter Walk · Friday, November 13, 2026
Hunter Walk, Partner and Co-Founder of Homebrew and Co-Founder of Screendoor, sits down with David Weisburd to analyze how ballooning fund sizes are warping venture capital incentives, founder outcomes, and early-stage investment dynamics. Walk explains why Homebrew transitioned from institutional LP capital to an evergreen model using their own balance sheet, how Screendoor evaluates emerging managers versus overhyped spinouts, and why multi-generational venture firms inevitably decay over time.
Key takeaways
- Hunter Walk identifies two critical errors from Homebrew's first decade: underinvesting in proprietary talent infrastructure and underwriting deals during the 2020 pandemic lockdowns. Read more →
- Early-stage investors must aim to be pre-consensus rather than non-consensus, because capital and hype concentrate into new tech narratives within weeks. Read more →
- Institutional LPs routinely misprice venture spinouts because resume attribution from multi-stage platforms hides who actually sourced deals, led diligence, or supported portfolio founders. Read more →
3 articles from this episode
Hunter Walk on Pre-Consensus Investing and Seed Rounds
Hunter Walk explains why seed is a multi-stage phase, not a single round, and why AI trends demand pre-consensus timing.
Hunter Walk on Why 80th-Percentile Venture Spinouts Underperform
Hunter Walk explains why institutional LPs misprice venture spinouts and how Screendoor screens early-stage managers.
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