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Garry Tan

North America, California, United States, San Francisco

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
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Garry Tan frequently co-invest with?

First Round Capital
North America, California, United States, San Francisco
Co-Investments: 6
Fuel Capital
North America, California, United States, Burlingame
Co-Investments: 7
Start Fund
North America, California, United States, San Francisco
Co-Investments: 8
Google Ventures
North America, California, United States, Mountain View
Co-Investments: 13
FundersClub
North America, California, United States, San Francisco
Co-Investments: 10
500 Global
North America, California, United States, San Francisco
Co-Investments: 6
Y Combinator
North America, California, United States, Mountain View
Co-Investments: 28
SV Angel
North America, California, United States, San Francisco
Co-Investments: 28
Tuesday Capital
North America, California, United States, San Francisco
Co-Investments: 8
Initialized Capital
North America, California, United States, San Francisco
Co-Investments: 15

Which angels does Garry Tan often collaborate with?

PB
North America, California, United States, Mountain View
Shared Deals: 17
SB
North America, California, United States, San Francisco
Shared Deals: 5
AO
North America, California, United States, San Francisco
Shared Deals: 54
AH
North America, California, United States, San Francisco
Shared Deals: 5
David O. Sacks
North America, California, United States, San Francisco
Shared Deals: 4
CC
North America, California, United States, San Francisco
Shared Deals: 4
JK
North America, California, United States, San Francisco
Shared Deals: 6
SA
North America, California, United States, San Francisco
Shared Deals: 10
EG
North America, California, United States, San Francisco
Shared Deals: 7
Dalton Caldwell
North America, California, United States, San Francisco
Shared Deals: 5

What are some of recent deals done by Garry Tan?

NewLimit

South San Francisco, California, United States

NewLimit is a biotech company developing epigenetic therapies to extend human healthspan by reprogramming aging cells.

BiotechnologyClinical TrialsHealth Care
Series BMay 6, 2025
Amount Raised: $130,000,000
Rainmaker Technology

El Segundo, California, United States

Rainmaker uses technology to generate rain, replenish water sources, and address drought challenges in a sustainable and effective manner.

Environmental ConsultingManufacturingProduct Research
Series AMay 5, 2025
Amount Raised: $25,000,000
Yuma AI

New York, New York, United States

Yuma AI is a customer support automation company using generative AI to streamline and automate support services.

Artificial Intelligence (AI)Customer ServiceE-CommerceGenerative AISoftware
SeedOct 30, 2024
Amount Raised: $5,000,000
Black Forest Labs

Freiburg Im Breisgau, Baden-Wurttemberg, Germany

Black Forest Labs develops advanced generative deep learning models for images and videos, emphasizing broad accessibility and transparency.

Artificial Intelligence (AI)Media and EntertainmentSoftware
SeedAug 1, 2024
Amount Raised: $30,202,193
Odyssey

Palo Alto, California, United States

Odyssey operates as an AI start-up.

Artificial Intelligence (AI)Graphic Design
SeedJul 12, 2024
Amount Raised: $9,000,000
Created by Humans

San Francisco, California, United States

Created by Humans allows creators to sell license rights for AI training.

Artificial Intelligence (AI)Information ServicesInformation TechnologySoftware
SeedJun 26, 2024
Amount Raised: $5,000,000
bem

San Francisco, California, United States

Engineering teams use bem to transform any data point into whatever schema they need. Never build an integration again.

Artificial Intelligence (AI)Enterprise SoftwareLogisticsSupply Chain Management
SeedJun 6, 2024
Amount Raised: $3,700,000
Rainmaker Technology

El Segundo, California, United States

Rainmaker uses technology to generate rain, replenish water sources, and address drought challenges in a sustainable and effective manner.

Environmental ConsultingManufacturingProduct Research
SeedMay 7, 2024
Amount Raised: $6,300,000
Perplexity AI

San Francisco, California, United States

Perplexity AI is an AI-chat-based conversational search engine that delivers answers to questions using language models.

Artificial Intelligence (AI)ChatbotGenerative AIMachine LearningNatural Language ProcessingSearch Engine
Series UnknownApr 23, 2024
Amount Raised: $62,700,000
Ellipsis

New York, New York, United States

AI Code Reviews & Bug Fixes

Artificial Intelligence (AI)Developer ToolsSoftware
SeedApr 11, 2024
Amount Raised: $2,000,000