E455: Hunter Walk on Why Venture is Getting Harder, Picking Great Founders, and Investing Against Consensus

What if the biggest threat to venture capital returns isn't picking the wrong startups, but building funds that are too big to succeed?

In this episode, I sit down with Hunter Walk, Partner and Co-Founder of Homebrew, to discuss why the venture capital industry's obsession with larger funds, higher valuations, and hot deals may be working against investors and founders. Hunter explains why he and his partner walked away from the traditional institutional fundraising model to invest their own capital, how fund size changes the incentives behind investment decisions, and why the next generation of emerging managers could outperform established firms.