Garry Tan
Description
Garry Tan is a highly influential figure in the Silicon Valley startup ecosystem, best known for his pivotal roles at Y Combinator and as a co-founder of Initialized Capital. Before his current tenure as President and CEO of Y Combinator, a position he assumed in January 2023, Tan was an early partner at the accelerator from 2010 to 2015. His deep understanding of the startup journey is rooted in his own entrepreneurial experience as a co-founder of Posterous.com, a blogging platform acquired by Twitter. This blend of operational and investment experience has shaped his approach to identifying and nurturing promising early-stage companies.
As a co-founder of Initialized Capital alongside Alexis Ohanian in 2012, Tan established a venture capital firm with a strong focus on seed and Series A investments. The firm quickly gained a reputation for its founder-friendly approach and its ability to spot future industry leaders. Under Tan's leadership, Initialized Capital grew substantially, raising increasingly larger funds to support its portfolio. For instance, in 2022, the firm announced a new set of funds totaling $700 million, demonstrating significant capital deployment capacity. Initialized Capital has invested in over 200 companies, including notable successes like Coinbase, Instacart, Flexport, and Cruise, showcasing a diverse and impactful portfolio.
Tan's return to Y Combinator as its top executive marks a new chapter for the renowned accelerator. His vision for YC emphasizes supporting founders through economic cycles, expanding its global reach, and continuing to back groundbreaking innovation. His investment philosophy, honed through years of backing early-stage ventures, centers on strong teams, large addressable markets, and defensible technology. Garry Tan's trajectory from founder to successful investor and now to the helm of the world's most prestigious accelerator underscores his enduring impact on the startup landscape, consistently shaping the next generation of technology companies.
Investor Profile
Garry Tan has backed more than 82 startups, with 4 new investments in the last 12 months alone. The firm has led 2 rounds, about 2% of its total and boasts 23 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series A, Series B rounds (top funding stages).
- Majority of deals are located in United States, Canada, Germany.
- Strong thematic focus on Software, Mobile, Artificial Intelligence (AI).
- Typical check size: $250K – $3M.
Stage Focus
- Seed (70%)
- Series A (17%)
- Series B (6%)
- Angel (2%)
- Pre Seed (2%)
- Corporate Round (1%)
- Series Unknown (1%)
Country Focus
- United States (95%)
- Canada (4%)
- Germany (1%)
Industry Focus
- Software
- Mobile
- Artificial Intelligence (Ai)
- Enterprise Software
- E-commerce
- Saas
- Internet
- Analytics
- Finance
- Health Care
Frequently Asked Questions
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