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

01:37:37

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Highlights

AI Chapters

Episode notes

We're Going to Solve Nine Eleven Together

02:35

The Medium Matters a Lot in Social Software

01:54

I'm a Gladiator, It's in the Background

02:30

Introduction

2min

How Are You Holding Up?

2min

The Big Question Is, When Is the Recovery Going to Happen?

2min

Investing in the Next Twenty Four Months?

2min

Seed Is a Pre Product Market Fit

2min

Cove Nineteen - What's the Expectation From Those Downstream Investors?

2min

Silikan Valley Bank's Covet Nineteen Global Impact and Innovation Fund

3min

The Best Hack I've Ever Seen

3min

The Singularity of Data

2min

10.

What Happens to Jorogans R S S Feed?

4min

11.

Gracolab. Colab Colab?

2min

12.

The One Point Two Five

4min

13.

Are We Going to Control a Pandamic?

2min

14.

Is It a Political Issue?

2min

15.

We're Going to Solve Nine Eleven Together

3min

16.

I'm Going to Go to Bat, You Know?

2min

17.

Seed Stage Investors Aren't Giving Up Their Prorada, Right?

2min

18.

Mint Mobile Is a New Way to Buy Wireless Service for Your Phone and Tablet

6min

19.

Are You Going to Get Screwed Out?

2min

20.

Venture Capitalist Fita, Club House?

3min

21.

How Soon Before Facebook Pies the Whole for Matam Replica?

3min

22.

Is Joe Rogan Worth a Hundred Million Dollars?

2min

23.

Would You Have Invested a Million Dollars?

2min

24.

Are You Going to Eat to Morrow?

2min

25.

I'll Always Be Thankful for That

2min

26.

I'm a Gladiator, It's in the Background

2min

27.

Is It a Bug or a Feature of the System?

3min

28.

Are You a Believer in U Bi?

2min

29.

Give Directly - Is It a Good Idea?

2min

30.

Is It a Venture Back to Competition That's Making It Unprofitable?

2min

31.

Is It a Grub Ub?

2min

32.

Commercial Real Estate in San Francisco Will Go Down?

2min

33.

I'm Curious You Think of Remote Salary

2min

34.

You Can't Work From Home - I'm Taking Back Thirty Percent of Your Salary

2min

35.

Google, Facebook, Uber, Unassailable?

2min

36.

Can You Build a Ten Billion Dollar Company?

2min

37.

The Medium Matters a Lot in Social Software

2min

38.

Millennials - Is There a Difference?

1min

39.

The Best Founders Aren't Just Twenty Two, Right?

2min

40.

Is Twitter Getting Challenged by People Who Defy You?

2min

41.

Is It the Flippiing of Twitter?

2min

42.

Interview - Is It a Good Idea?

2min

43.

How to Achieve Your WYC Interview

3min

44.

Slash Garry Tan G a R R Y T a N

57sec

1:03 Jason intros Garry Tan and checks in on how his quarantine has been going
4:39 How does Garry look at Initialized's portfolio companies? What are his 3 groups of companies dealing with COVID?
8:04 How will VCs react to the crisis? Why does Initialized specifically focus on Seed-stage companies?
11:13 How does Initialized contact downstream investors about their companies, and how has that changed during COVID?
14:12 Thoughts on Posterous, data-storage singularity & more
18:04 Losing thousands of photos after getting banned from Flickr and how that plays into software as the new government, becoming a super-router
22:32 How Spotify's access to public capital gives them an acquisition advantage, collab concepts
24:51 How does Initialized size their follow-on investments?
29:11 For how long is Initialized planning on operating fully remote? Thoughts on going back to work
35:56 What skills has Garry had to improve during his investing career?
43:33 How downstream investors try and take advantage of early-stage investors
47:51 Thoughts on Clubhouse investment, how/if they can scale their exclusivity
56:27 Thoughts on founders selling secondary shares, and how Chris Sacca helped Garry Tan at Posterous
1:02:09 Structural inequality leading to rich-bashing, how Fiat currency impacts welfare inequality
1:07:09 Thoughts on UBI, Instacart, potential profitability of food-delivery companies
1:11:31 Perception of Tech in the Bay Area, commercial real-estate in SF, Facebook's game-theory remote pay scale
1:18:27 Could today's tech giants (Google, Facebook, Uber) have grown to the heights they did as fully remote companies? Can IPO-level companies be consistently built while remote?
1:24:49 Do the best founders appear ageless? New Twitter features: good or bad?