Core Insights - Screendoor serves as a bridge between emerging venture capital managers and institutional LPs, aiming to support new managers before they establish a track record [2][4][6] - The venture capital landscape has become increasingly competitive, with a significant concentration of capital among top firms, making it challenging for emerging managers to secure funding [5][4] - Screendoor has successfully backed 100% of its VC managers who sought subsequent funds, indicating a strong track record in supporting emerging talent [6] Company Overview - Screendoor was founded in 2021 by Hunter Walk and Satya Patel during the zero interest rate policy era, with a focus on inviting new managers into the venture ecosystem [2][4] - The firm has institutionalized its operations since 2023, enhancing its support for emerging managers through mentorship and networking [7][8] Market Dynamics - In 2025, the top 30 venture firms captured 74% of all venture capital raised, with 12 firms accounting for 50% of that total, highlighting the challenges faced by emerging managers [4][5] - Only 33% of managers who raised their first funds in 2021 have successfully raised a second fund, reflecting the tough fundraising environment [5] Strategic Approach - Screendoor's strategy involves being among the first LPs to commit to emerging managers, providing them with essential resources to succeed [6][9] - The firm aims to back competitive emerging managers who have the potential to outperform established firms, rather than merely supporting less competitive entities [10]