Thank you for having me on. Your subscribers are the people who can go on to create everything we use the next 20 years. I’m not different than anyone watching this. We are the same. I’m just you from the future. :-)
Hello Garry, is this only for the US, or do you fund ideas in Africa? more specifically Nigeria. I have 2 great products i will like to launch and im currently looking for funding.
It’s better to be a social movement that lifts people up than it is to be just capital in the world. There’s lots of capital. There isn’t enough lifting up.
I totally agree with the part about startups founders who know a great deal about the problem they are fixing i.e. industry experts at the helm of the entrepreneur journey
@@GarryTan I'm so surprised/impressed you comment here. So approachable! Was looking to reach you/Initialized last year to consider pitching you but thought you'd be too busy - my pitch was 💩 at the time anyway LOL But you come across more approachable now. Thanks for doing this!🔥
Gary is an absolute stud! I can listen to him speak for hours and his insights aren't sugarcoated at all unlike most other "inspirational" investors and founders.
When he pointed to the camera, you could tell this guy knows what he is talking about and who he's talking to. In that moment, I was sold. I don't know what I bought, but I am sold.
I had a course taught by VCs last semester and you know what ? They are among those who tick boxes! They were arrogant, focus on finance and they're not able to write a line of code ! haha
Most VC look for a nice team and selling competence. Often the product isn't interesting at all. If you want to burn millions of dollars, choose some random people failed at high positions in banks, IT companies etc., make a pitch with blockchain, ai, data science and ask a economist to write a completely faked income prediction for you.
For any engineers (especially those with React| Node xp) who are passionate about the creator economy, would love to chat with ya, hit me up on twitter at @mrcasualhipster
Garry Tan: You need to know something weird and special and different from everyone else who's a great engineer. Jomo Tech (totally misunderstanding him): Yeah, like try and find inefficiencies in the world... Garry Tan (with a low energy voice): Right. One of these has 0 to 1 thinking and the other does not.
Great interview. I've been watching Gary's videos recently and honestly didn't know much about him. Now I understand why he's so knowledgeable. Just in case it matters, here's my 7:39 1) A small ecosystem of hardware components 2) For the cellular agriculture industry 3) To mass produce sustainable food and lessen the burden of agricultural land utilization 4) Faster, cheaper, and better than anything out there. First prototype is close to 80% finished with plans to open source and sell to consumer enthusiasts from a secondary market in order to generate revenue to attract a co-founder, then pursue a seed round. Seed money invested in engineering talent, legal expenses, and first small scale proof of concept. But I'm also really really really tempted to establish it as a cooperative which seems to be a giant hell-no for most VCs...
And holy crap, I haven't seen Alexis'name forever. Honestly, I can't remember where, but I watched a documentary years ago where he poured his heart out to the camera. I can't remember what the context was but that was a formative moment for me. I searched around and my best guess is 'A Total Disruption'. That movie plus 'The Downtown Project', 'Startup.com', and 'All Watched Over by Machines of Loving Grace' are all essential watching for any aspiring tech entrepreneur.
Oh I started off as a consultant making things for other people. I wish I had switched to making products sooner but getting paid however you can through consulting and building things for other people is a perfectly good way to start. You can even start on fiverr or upwork.
Garry Tan i wish you all the best... i hope the 36bn gets converted from paper money to real money and that retail money doesn’t end up loosing it by paying for it
Ah likewise. I think you might be talking about pre-IPO investors bumping up crazy valuations at growth stage and then taking a bath post IPO. When we invest and something works it’s 100X to 1000X our money. Early stage venture capital is a grand slam home run royal flush kind of business.
Garry Tan thanks for taking the time to reply Garry. My view is that the system is flawed. These start ups have one purpose: grow as much as they can regardless of cash or profit generation. Ppl end-up paying crazy valuation based on revenue multiples on businesses that mostly that will never be profitable...
Aha. Mcdonald's or any other cashier's job is really tough. I've Tried that and wanted to quit after 1 day. Computer related stuff was more suitable for me. I Couldn't handle the physical labor.
What can be the best approach if you have an idea for a start-up and you a programmer but don't have a crew? Investors and accelerated programs expect 2 founders minimum in the crew.
Sir can I get admission in Stanford University with my computer science skills only without complete school Please answer I really need help with this. Thanks jomatech
@@geethapassoubady4281 "billion dollar companies dude" 🤦♀🤦♂🤦 already explained why, on my twitter btw I have 10+ years experience in the VC industry pal, and I own my 200m gross company - I know what I'm talking about
Thank you for having me on. Your subscribers are the people who can go on to create everything we use the next 20 years. I’m not different than anyone watching this. We are the same. I’m just you from the future. :-)
Garry Tan what a nice guy 😊
That was a very impressive interview Garry, I've instantly sub'ed to your channel!!
wow!
Hello Garry, is this only for the US, or do you fund ideas in Africa? more specifically Nigeria. I have 2 great products i will like to launch and im currently looking for funding.
thank you Garry, your humble words are appreciated.
How can someone present their startup to initialized?
"Most of my viewers are in high school"
me: chillin in my 30's
He meant mentally
😂😂 jk
Me chillin in my 40s 😅
30s high five ✋
Wow. He is so humble. Super impressed.
I like how he changed the thumbnail and title. I mean he is right, we care more about ycombinator than managing $500 million.
It’s better to be a social movement that lifts people up than it is to be just capital in the world. There’s lots of capital. There isn’t enough lifting up.
@@GarryTan I wish that were the case, I feel lifted. However, that doesn't make my runway longer for me to takeoff.
@@GarryTan legend, great comment!
Merry Christmas!
Bring more VC's for interview.
I totally agree with the part about startups founders who know a great deal about the problem they are fixing i.e. industry experts at the helm of the entrepreneur journey
Oh thank god. Thought it was Tai Lopez from the thumbnail
Nottt haha oh my god
@@GarryTan Great interview! Thanks for sharing your insight
Tai Lopez has joined the chat.
Thanks Nott!
So should I show my lambo collection in my next TH-cam video?
@@GarryTan I'm so surprised/impressed you comment here. So approachable!
Was looking to reach you/Initialized last year to consider pitching you but thought you'd be too busy - my pitch was 💩 at the time anyway LOL
But you come across more approachable now. Thanks for doing this!🔥
Gary is an absolute stud! I can listen to him speak for hours and his insights aren't sugarcoated at all unlike most other "inspirational" investors and founders.
Aayush S. Thanks Aayush! 🙏
@@GarryTan true one really enjoys listening
The water he drinks is smart too :D
You are what you drink I guess
This is the best anime crossover there is on TH-cam.
Merry Christmas 🎅⛄ 🎄🦌
Thanks for another year of entertaining and useful videos...
"What Investors Look For in Startup Founders from Former YC Partner"
A fancy degree from a token Ivy league school.
That's true🤣
But Joma said he is about to quit TH-cam...lol I am glad tho he didn't
I need these types of investors for my startup.
When he pointed to the camera, you could tell this guy knows what he is talking about and who he's talking to. In that moment, I was sold. I don't know what I bought, but I am sold.
Wow, the best one ever! Deliver more like this!
nice one Joma! See you at Bay area in 2 months.
Why am I bothered that the water bottle cap is on the table 😭
Because it is an unfortunate event waiting to happen. Open water bottle plus expressive gestures is a bad combination ;-)
I had a course taught by VCs last semester and you know what ? They are among those who tick boxes! They were arrogant, focus on finance and they're not able to write a line of code ! haha
When Joma is listening he looks as tho he wants to punch someone in the face. LOL
Will he invest in notvine?
Nah, he invested in revine...
Joma Tech bruhh but revine sucks
@@jomakaze so basically TikTok
He should invest in redevine.
Kinda out of the loop, are you still going to quit TH-cam? Would love to see you stay
hes not
Thus channel is so good! Garry Tan seems like a really genuine geezer
Can you make a video about soft skills in software interviews?
16:12
Fremont. Been there numerous times and worked with someone there.
Most VC look for a nice team and selling competence. Often the product isn't interesting at all. If you want to burn millions of dollars, choose some random people failed at high positions in banks, IT companies etc., make a pitch with blockchain, ai, data science and ask a economist to write a completely faked income prediction for you.
For any engineers (especially those with React| Node xp) who are passionate about the creator economy, would love to chat with ya, hit me up on twitter at @mrcasualhipster
Been waiting for this long time
That was a great interview Joma!!
Joma I need your advise on my upcoming launch startup? Can i reach by email?
Y combinator is garbage
So where’s the rest?
Coming next week! Still have to edit them
Why don't you make interviews with whites?
Nice
Great interview 👍
you should make a video about the books/articles and papers you read !
letsgooo joma!
Garry Tan: You need to know something weird and special and different from everyone else who's a great engineer.
Jomo Tech (totally misunderstanding him): Yeah, like try and find inefficiencies in the world...
Garry Tan (with a low energy voice): Right.
One of these has 0 to 1 thinking and the other does not.
Thanks Joma! Just what I needed!From India 🇮🇳
best interview yet
Great interview. I've been watching Gary's videos recently and honestly didn't know much about him. Now I understand why he's so knowledgeable.
Just in case it matters, here's my 7:39
1) A small ecosystem of hardware components
2) For the cellular agriculture industry
3) To mass produce sustainable food and lessen the burden of agricultural land utilization
4) Faster, cheaper, and better than anything out there.
First prototype is close to 80% finished with plans to open source and sell to consumer enthusiasts from a secondary market in order to generate revenue to attract a co-founder, then pursue a seed round. Seed money invested in engineering talent, legal expenses, and first small scale proof of concept.
But I'm also really really really tempted to establish it as a cooperative which seems to be a giant hell-no for most VCs...
And holy crap, I haven't seen Alexis'name forever. Honestly, I can't remember where, but I watched a documentary years ago where he poured his heart out to the camera. I can't remember what the context was but that was a formative moment for me.
I searched around and my best guess is 'A Total Disruption'. That movie plus 'The Downtown Project', 'Startup.com', and 'All Watched Over by Machines of Loving Grace' are all essential watching for any aspiring tech entrepreneur.
A fascinating interview. Thanks!
You two are wonderful, thankyou for sharing
"What Investors Look For in Startup Founders from Former YC Partner" uhm... money
Thanks for.... . . . . the... . .comment.... . . . For. . . . ... . Guide. . . ...
*Plus* 1
How do I make money from developing apps if I'm just a student yeet?
Yaseen Jamal you make apps for ppl they pay you...or have your own apps and you get paid by google ads or you make an app that'll get alot of cash
Oh I started off as a consultant making things for other people. I wish I had switched to making products sooner but getting paid however you can through consulting and building things for other people is a perfectly good way to start. You can even start on fiverr or upwork.
Meat content, lovely
Very enlightening! Great interview!
Cheers for sharing!
What a wow person
What if I’m not smart enough to build any kind of software, but I want to have a start up?
Kevin Tran you partner with someone who is
Michael Place and what if they realize they can do it without me and then leave me?
It’s 2020, nobody is too dumb to write software anymore, srsly.
Kevin Tran Building software is just the journey. The destination is solving problems for other people!
@@GarryTan Exactly! It a tool, everyone can learn how to use a tool :)
there is no subtitle
What is shipping
Wow
So good!
Need Gary 11
👍
This is a massive ponzi scheme that will end in tears
Masked Financial Hero Or massive wealth creation because the Internet is connecting all humans
Garry Tan i wish you all the best... i hope the 36bn gets converted from paper money to real money and that retail money doesn’t end up loosing it by paying for it
Ah likewise. I think you might be talking about pre-IPO investors bumping up crazy valuations at growth stage and then taking a bath post IPO.
When we invest and something works it’s 100X to 1000X our money. Early stage venture capital is a grand slam home run royal flush kind of business.
Garry Tan thanks for taking the time to reply Garry. My view is that the system is flawed. These start ups have one purpose: grow as much as they can regardless of cash or profit generation. Ppl end-up paying crazy valuation based on revenue multiples on businesses that mostly that will never be profitable...
Aha. Mcdonald's or any other cashier's job is really tough. I've Tried that and wanted to quit after 1 day.
Computer related stuff was more suitable for me. I Couldn't handle the physical labor.
The iteration part is so insightful, although I kinda curious how to be good at it like knowing what fit's to the market needs and start built it
What can be the best approach if you have an idea for a start-up and you a programmer but don't have a crew? Investors and accelerated programs expect 2 founders minimum in the crew.
Tan is awesome, so humble.
Sir can I get admission in Stanford University with my computer science skills only without complete school
Please answer I really need help with this.
Thanks jomatech
Back to TH-cam Joma? I hope you don't get fired like Patrick.
Considering his interest in startups, might just be the best thing that could happen to him. Although not sure about his visa situation though.
Garry your portfolio is nothing to brag about - coinbase? instacart?
No one has heard of these "startups" outside of your limited ecosystem
Wow, you really don't know Coinbase and Instacart?? Where are you coming from bro lmao
Lol
@@SantoshLLC yeah🤡🤡I don't use garbage web3 exchanges. And I don't use online grocery. Neither do many people 🤦🤦♂🤦♀
@@badtruebusiness3947 well these are billion dollar companies dude
@@geethapassoubady4281 "billion dollar companies dude"
🤦♀🤦♂🤦
already explained why, on my twitter
btw I have 10+ years experience in the VC industry pal, and I own my 200m gross company - I know what I'm talking about