ACQ2 by Acquired How YC Rewrote the Seed Playbook with Garry Tan
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Sep 29, 2020 
Garry Tan, co-founder of Posterous and Managing Partner at Initialized Capital, dives into the transformative impact of Y Combinator on startup culture. He discusses how Y Combinator shifted from fringe to mainstream, turning startup recruiting into a 'cult' phenomenon. Garry shares insights on 'influencer investing', the emergence of seed funding as a key asset class, and how personal experiences inform entrepreneurial journeys. Plus, he touches on the role of pop culture, like The Social Network, in shaping modern tech aspirations.
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Peter Thiel's Offer
- Peter Thiel offered Garry Tan a personal check to quit his job at Microsoft and join Palantir.
- Tan declined, prioritizing job security, but later joined Palantir after his friends, who were smarter than him, joined.
Builders Create the Future
- Software engineers and designers are the true builders of the future.
- Early-stage investors should resemble them to gain their trust and investment.
Cult of Startups
- Witnessing early-stage startups firsthand is invaluable.
- Building a strong "cult" culture early on is crucial for a startup's success.
