""What it also symbolized was that, as a kid, you knew when your friends were home, and you could go over and open the door," said Hunter Walk, cofounder of LP Screendoor and cofounder at VC Homebrew. "It meant 'come on in.' It was an invitation... So, when we were thinking about starting Screendoor, it was from the standpoint of inviting and easing new managers into the ecosystem. The metaphor of the screendoor as a symbol and signal just stuck for us.""
""Usually, LPs will say, 'great, let's wait until your fund three or four, when you quote-unquote have a track record,' said Walk. "We looked at our own experiences-Homebrew's fund one was quite successful-and thought that LPs who take that perspective are missing out on alpha...So, we saw Screendoor originally as the bridge between the best of new emerging managers and large institutional LPs who wanted to build relationships with those emerging managers while also capturing some of the upside.""
A screendoor is a mesh, semi-transparent door designed to improve air circulation and signal invitation. Hunter Walk and Satya Patel co-founded Screendoor in 2021 during the zero-interest-rate policy era. Walk recruited eight experienced general partners, including Kirsten Green, Aileen Lee, and Charles Hudson, to advise emerging managers. Screendoor acts as an LP to promising first-time and early-stage funds well before those firms have long track records. The goal is to bridge high-potential new managers with large institutional LPs, help onboard new managers, and capture upside that institutional investors might miss by waiting for later funds.
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