20VC: Garry Tan on The Biggest Takeaways From Advising 700 Companies @ Y Combinator & Why Now Is The Golden Age For The Early Stage?

Posted on 14th December 2016 by Harry

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Garry Tan is a Co-Founder and Managing Partner @ Initialized Capital, one of Silicon Valleys leading early stage seed funds. Prior to founding Initialized, Garry was a Partner at Y Combinator where he invested in and directly worked with over 700 companies in 5 years from the earliest possible stage, often just an idea. Garry’s portfolio includes the likes of previous guests Tilt, Eero, Flexport, LendUp and many more incredible companies.
Before being at YC, Garry Co-Founded Posterous and helped build it to a world-class website used by millions, ultimately acquired by Twitter. Garry also co-founded the engineering team for Palantir Technology’s quant finance analysis platform.


In Today’s Episode You Will Learn:

1.) How Garry made the transition from Founder @ PostHaven to YC Partner to Initialized GP?

2.) What were Garry’s biggest takeaways from advising 700 startups at YC that he has taken with him to Initialized?

3.) Why does Garry believe now is the golden age for early stage investing? What opportunity does the mass of late stage capital provide the early stage?

4.) How does Garry approach desired ownership? What level of ownership provides incentive for a VC to work whilst also allowing collaboration with other VCs in a round?

5.) What are Garry’s thoughts on the rise of thematic investing? Why does he not believe it to be optimal at the seed stage?

Items Mentioned In Today’s Show:

Garry’s Fave Blog: SaaStr

Garry’s Fave Book: Chaos Monkeys

As always you can follow Harry, The Twenty Minute VC and Garry on Twitter here!

Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.

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