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The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

20VC: Homebrew's Hunter Walk on Why There Is No Series A Crunch, How To Package Portfolio Companies For The Next Round & Why The Bridge Round Is Not Always A Negative Sign?

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

The Twenty Minute VC

Finance, Venturecapital, Tech News, News, Siliconvalley, Technology, Investing, Startups, Business

4.4637 Ratings

🗓️ 3 April 2017

⏱️ 33 minutes

🧾️ Download transcript

Summary

Hunter Walk is a founding partner @ Homebrew, one of Silicon Valley's breakout seed funds of the last 5 years. They have investments in the likes of Shyp, the Skimm, Managed By Q just to name a few incredible companies. As for Hunter, prior to Homebrew, Hunter led consumer product management at YouTube, which he originally joined in 2003, managing product and sales efforts for Google Adsense. Hunter is also a thought leader in the industry and his excellent blog can be found here.

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In Today’s Episode You Will Learn:

1.) How Hunter made the transition from Google to VC with the founding of Homebrew?

2.) How does Hunter view the bridge round? Does he agree with Mike Maples @ Floodgate in stating, 'it is often not a bridge but a pier to nowhere'?

3.) How does Hunter look to package his portfolio companies for the next round of investors? Does Hunter agree with Jason Lemkin in stating, 'the best investors are those that specifically know the metrics required to achieve the next round'?

4.) Why does Hunter not believe there is a Series A crunch? How can founders look to describe their story in a narrative that is attractive for VCs? What one trait does Hunter look for in founders more than any other?

5.) What is the biggest challenge in the coming year for Hunter with Homebrew? How does he measure his success as a VC?

Items Mentioned In Today’s Show:

Hunter’s Fave Book: Harold and The Purple Crayon

Hunter’s Fave Blog: Ben Thompson: Stratechery

Hunter's Most Recent Investment: JoyMode

As always you can follow Harry, The Twenty Minute VC and Hunter on Twitter here!

Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.

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Greenhouse Software designs tools that help companies hire great people and ultimately build better businesses. Greenhouse works with over 1,500 of the world’s most innovative companies such as Airbnb, Slack, Snap Inc. and Lyft. A wrong hire is not only costly for a company but can also turn an employee into an unhappy one. With Greenhouse’s Applicant Tracking System, companies can make well-informed decisions and hire qualified candidates who are empowered to do the best work of their careers. Anybody who has a company that’s scaling quickly but has trouble hiring and retaining the right people. Visit www.greenhouse.io today to discover how your company can grow.

Transcript

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0:00.0

The start of another week in the wonderful world of venture capital with me, your host, Harry Stebbings found on Snapchat at H.

0:05.5

Stebbings with 2Bs, and all ads get a personal thank you message from me.

0:08.9

But to the show today, and my word, do we have a cracker for you?

0:11.4

So after months of admittedly stalking and continuous emailing, I was so pleased to finally get this guest on the show today.

0:17.2

So joining me in the hot seat, we have Hunter Walk. Now, Hunter is a founding partner at Homebrew,

0:22.0

one of Silicon Valley's breakout seed funds of the last five years. They have investments in the

0:26.1

likes of ship, the skim, managed by Q, just to name a few of their incredible portfolio companies.

0:31.0

As for Hunter, prior to Homebrew, Hunter led consumer product management at YouTube, which he originally

0:35.4

joined in 2003, managing product and sales

0:38.1

efforts for Google's AdSense.

0:39.7

And also, if you have not checked out his incredible blog, you can find that on hunterwark.com.

0:43.9

I really do suggest that.

0:45.0

But I do also want to say a big thank you to Hunter's partner, Satya, for the intro to

0:48.5

Hunter today, without which the episode would not have been possible.

0:51.4

But before we dive into the show today, Foundersuite makes software

0:54.3

for raising capital. In the last 12 months, startups using Foundersuite have raised over $130 million

0:59.9

in Angel and VC funding. Founder Suite's investor CRM is the market leader. It includes a searchable

1:05.5

database of over 50,000 investors, as well as a beautiful new investor update tool for creating

1:10.6

monthly or quarterly

1:11.6

progress reports. Founder suites used by startups in Y Combinator, tech stars, 500 startups, and

1:17.3

every other major accelerator. And listeners of this podcast get a whopping 40% off a monthly

1:22.4

or annual subscription using the promo code 20 minute VC. That's 2.0 minute VC. Speaking of incredible software,

...

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