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Homebrew closes debut fund - Fortune

Stashed in: @hunterwalk

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That's <$750K each for the personal stake? hmm… there are more people paying insane expense ratios parking money in funds-of-funds than I ever imagined…

“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”

What's the "people-based economy"?

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