This Week in Startups

E1067: Garry Tan, Managing Partner & Co-Founder of Initialized Capital, on dealing with downstream investors as a Seed-stage firm, software companies acting as governments, possibility of building IPO-level companies while fully-distributed & much more!

May 29, 2020
Garry Tan, Managing Partner and Co-founder of Initialized Capital, dives into the evolving landscape of seed-stage investing. He discusses how VCs are adapting to pandemic challenges and the significance of pro rata rights in maintaining investor relationships. Garry reflects on the impact of software companies as modern-day governance, data storage challenges, and the role of universal basic income in addressing wealth inequality. He also shares insights on the competitive dynamics of delivery services and startup growth amidst economic shifts.
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INSIGHT

Pandemic Business Impact

  • The pandemic impacts businesses, especially regarding childcare and operations.
  • Founders face questions about making rent, providing food, and childcare amidst uncertainty.
ADVICE

Startup Survival

  • Startups dealing with zero revenue should prioritize survival and find new revenue streams.
  • Resourceful founders adapt and discover innovative solutions during crises.
ADVICE

Runway and Investments

  • Startups should aim for 24 months of runway to navigate uncertain times.
  • VCs might prioritize existing successful companies over new investments in the coming months.
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