Homebrew closes debut fund - Fortune
Rohit Khare stashed this in Startups
Stashed in: @hunterwalk
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"?