God bless Gené Teare for now I have something which explains what I do all day in a format my parents can grok. As part of Seed Series for Crunchbase News, Gené wrote up an extended interview with me and Satya. She told us we were the first time in the series that two partners were interviewed together. That’s really emblematic of what Homebrew is – not one of us plus the other, but the combination of us both – and hopefully in a “sum greater than its parts” type of way.
IMO, VC firms should have a reason for existing beyond their capital. I think our POV comes through in this discussion and hopefully it helps any founders decide if we’re the type of seed fund they’d enjoy working with.
Some of my favorites from the post:
So much capital is coming into the seed stage. There’s no capital gap structurally at the seed stage. Maybe there was 15 years ago. That doesn’t mean that fundraising is equitable or easy. That’s a whole other discussion. But there’s lots of capital.– Me!
All companies at this stage really have to do three things well. They have to build a product, distribute that product, and build a team. So that’s where we spent a lot of time.– Satya
We always co-invest. We’re big believers that syndicates of real value at the seed stage to get various skills, experiences, and relationships.– Satya
I hope when we turn off the lights, years and years from now, one of the things we can say is we were the best version of who we wanted to be. We don’t want to be a junior version of Andreessen Horowitz, we don’t want to be First Round 2.0. We don’t want to be an incubator, accelerator, crypto, or whatever flavor of the month is.– Me!