FORTUNE -- Homebrew, a new venture capital firm founded by former Google and Twitter product managers, has quietly closed its debut fund with $35 million.
The San Francisco-based firm was launched earlier this year by Hunter Walk, who led product for Google's (GOOG) YouTube, and Satya Patel, a fellow ex-Googler who most recently was VP of product for Twitter.
Both also have past investing experience -- Walk as an active angel and Patel with Battery Ventures.
The Homebrew strategy is to create a concentrated portfolio of startups that "enable the people-based economy" for both consumers and enterprises. Half of the companies would be incubated by Homebrew, while the others would be seed-stage financings. None of Walk and Patel's personal angel investments will be rolled into the Homebrew portfolio.
Walk and Patel personally contributed around 2% of the fund capital, while the majority came from funds-of-funds.
Walk declined to comment on the fund close. So far, Homebrew does not have a website.
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Google and Twitter product pros form venture capital firm.
FORTUNE -- A pair of product managers from Google and Twitter are forming a new venture capital firm, Fortune has learned.
One of the two principals is Hunter Walk, who has led product at Google's YouTube. He also is an active angel investor and was part of the Linden Labs founding team before joining Google (GOOG) in 2003. The other is Satya Patel, who MOREDan Primack - Feb 6, 2013 4:33 PM ET
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