Sacha

Homebrew’s Hunter Walk & Satya Patel: Why $100M is Not Enough to Execute a Seed Strategy | 20VC #972

Hunter Walk, Satya Patel, Harry Stebbings, Robbie, Sacha, Kieran, Eric, Jason Lampkin, Larry

Founded in 2012, Homebrew operates as a two-partner investment firm that transitioned to a self-capitalized model in late 2022 to maintain total decision-making autonomy and strict consensus governance. By funding their own operations through recycled carry rather than external limited partners, co-founders Satya Nadella and Hunter walked away from fixed fund sizes to pursue price-agnostic, long-term portfolio building focused on founder alignment over rapid exits. This strategy allows the partners to prioritize deep operational support and early secondary liquidity for founders while navigating a market correction that favors companies with genuine product-market fit over those reliant on inflated valuations.