Hunter Walk

Exclusive: Homebrew closes debut fund

July 2, 2013: 1:09 PM ET
The Homebrew crew

The Homebrew crew

Quick fundraise for former Google and Twitter execs.

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.

Sign up for my daily email newsletter on deals and deal-makers:

  • Uber NYC and the Sandy Surge

    A popular startup's growing pains in the wake of Hurricane Sandy.

    By Hunter Walk, contributor

    FORTUNE -- While my hometown of New York City recovers from the aftermath of Hurricane Sandy, there's been a different verbal maelstrom here in Silicon Valley: The question of whether Uber NYC's "surge pricing" is gouging or simply an effort to balance supply and demand.

    Uber's an algorithm-driven company which responds to emotion with facts. However, especially in MORE

    Nov 2, 2012 11:37 AM ET
  • The death of social proof

    Why "social proof" is no longer a start-up differentiator.

    By Hunter Walk, contributor

    Not too long ago, the best thing a start-up could do to find investors was to get other investors to vouch for it. But, today, the value of "social proof" has been significantly diminished.

    1. Blame AngelList for an Advisor Bubble

    Every company I see has some roster of advisors and/or soft-circled seed investors already committed. It's gone from evidence of company MORE

    Jun 6, 2012 10:29 AM ET
Current Issue
  • Give the gift of Fortune
  • Get the Fortune app
  • Subscribe
Powered by VIP.