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Channels with Peter Kafka

Snapchat Should Start Paying Its Users (Hunter Walk, Investor, Homebrew)

Channels with Peter Kafka

Vox Media Podcast Network

Business News, News, Tv & Film, Technology

4.4585 Ratings

🗓️ 14 April 2016

⏱️ 39 minutes

🧾️ Download transcript

Summary

Venture capitalist Hunter Walk, the co-founder of Homebrew, talks with Peter Kafka about his pre-investing career at Second Life, YouTube and "Late Night With Conan O'Brien." He also joined Google in 2003, when the 1,000-employee company was only known for search and before it went public. He discusses why venture capitalists like him need to be patient; how YouTube started making money and paying its users; and why Vine, Instagram and Snapchat should follow YouTube's example. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

This is Recode Media with Peter Kafka. That's me, and this is powered by digital media. Today's sponsor is SoFi. SoFi finds great people to invest in and backs them for life. Besides great rate loans, they offer career services and events for every member. Find out more at S-O-F-I.com. Terms and conditions apply at Sofi.com. Today's show is also sponsored by Mack Weldon. They make awesome, hoodies, sweatpants, underwear, and socks. I am wearing the socks right now. Hunter, you've seen the socks. Can you vouch for them? They look pretty good. They look great. I can't really vouch for them unless they send me some. You guys are going to have to talk to Hunter after this. They look great. Trust me. Don't trust Hunter. They're antimicrobial.

0:38.4

You will smell good if you wear them.

0:40.3

You can wear them to work.

0:41.2

You can wear them to a podcast.

0:42.2

You could wear them to a workout.

0:43.4

But they're a little fancy for a workout. I wouldn't wear them for workout. They look great. They are easy to buy. you go to macwellden.com.

0:49.7

You get 20% off your order with a promo code recode.

0:52.1

That's macwellden.com, promo code recode.

0:54.8

You will love this product.

0:56.3

I said you would.

0:57.3

If for some reason you don't, you can keep them. No questions asked. Mac Weldon will send you your money back. Try it out. 20% off. Good for you. Good for me. Go to macwellden.com. Use the promo code recode. That's macwellden.com promo code recode. Hunter, we're going to do a test. What was I just promoting there? Sox. Good. Hey, Hunter. Is that aided recall or unaided recall? I don't know. I'm not the marketing pro. You're a marketing pro. I've done some marketing. This is Hunter Walk. You are now a venture capitalist at Homebrew. It's true.

1:29.1

We call you co-founder of that fund?

1:29.3

Yeah.

1:45.1

My partner, Sacha Patel, and I, started at beginning of 2013. So you're a relatively recent VC prior to that. You did a bunch of things, but I went up with the first job you had, because to me it sounds like the most awesome job. What was your job? You were going to talk about shoveling snow and Long Island. But at some point, you broke free of that and you ended up in New York City working for Connor O'Brien. It's true. Yeah, my first startup was the second season of Conan O'Brien. I was an undergrad up at Vassar, about 90 minutes north of the city. And I had a public access cable TV show where the, I think, unless you have a freedom of

2:01.4

information act.

2:01.7

I don't think, I think the tapes are buried unless you sort of can, I would love to see that. I really enjoyed it. I was sort of, but I was, you know, sports editor of the Vassar paper, which sounds oxymoronic in itself. But I was like, boy, the minor leagues are fun. Let me try the majors. I had interned at NBC two summers prior over the business side

2:18.6

and called up and I said, hey, I got a real offer for you. boy, the minor leagues are fun. Let me try the majors. I had interned at NBC two summers prior over

2:17.8

the business side and called up and I said, hey, got a real offer for you. I want to work on Saturday Night Live while I'm finishing up my senior year of ASSA. He said, great, kid. And they said, great, here are your two choices. You got Donna you or this cable access quality show that's on at 1.30 in the morning called Conan O'Brien. And I picked that one.

2:51.2

And what did you do at Conan? So I, well, sometimes I stood on stage on a tape X because I was the intern that was closest in height to Conan. Oh, you were the other, you were a white guy tall enough to be known. Exactly. So it was something like, oh, is this going to hit Conan in the head, this prop or something, like let's try it out on Hunter.

3:07.8

But most of the time, I was there three days a week and I researched celebrity guests, wrote interview questions and worked with the segment producers to get that stuff on air. I manufactured spontaneity. There are a lot of, that sounds great. There are a lot of people, I imagine listening to this in the media world who would think, boy, if I had the chance to work on any TV show, let alone Conan O'Brien early in that career,

3:12.7

early in my career, that is what I would do for life. Was your plan? I want to be in media,

3:16.2

and this is what I'm going to do? Now, I need to lay on a couch if we're going to answer this

...

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