Never Been Easier to Become a VC. Never Been Harder to Stay One.

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Authors

Hunter Walk

Recently attended the Upfront Summit, an LA-area tech event put on by Upfront Ventures, which also serves as their annual meeting for LPs to get updated on the fund’s performance. As we approach Homebrew’s one year anniversary we’ll do a smaller scale meeting with our investors in San Francisco. Part of our presentation will be portfolio financials, which, because we’re relatively new, aren’t exceptionally volatile (LP speak: most of our investments are still carried at original value since no additional fundraising has occurred).

During this past year I’ve seen many new firms get created and seem to always have a few friends who are in the process of considering VC. Sometimes it feels like it’s never been easier to become a VC but never harder to stay one. There’s a influx of capital to back new funds:

  • crowding funding via AngelList syndicates
  • high net worth individuals
  • family offices
  • strategic investors (including corporates)
  • other…

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