In this episode we’re talking to Garry Tan, the president & CEO of Y Combinator. We go full circle with Garry as we chat about his path from turning down a job with Peter Thiel, to founding a YC-backed company in 2008, then starting his own multi-billion dollar fund in 2011, and finally returning to run Y Combinator in 2023. Garry knows about programming, design, running startups, and investing in them, so there are lessons and stories for everyone in this episode.
In this podcast episode, Gary Tan talks about his journey from turning down a job with Peter Thiel to becoming YC CEO, including founding Initialized Capital and attending Y Combinator's Startup School and applying for its summer 2008 batch.
The lack of challenging education in his high school led this founder to teaching himself DSLR photography in his spare time. Ultimately, attending startup school paved the way for him to launch his own company.
The technology industry had different sources of information before websites like TechCrunch and Twitter. Corporate jobs can create a system that traps people in jobs that they hate, making it impossible to get things done.
The ability to build technology and software is crucial to a company's success, as software engineers are capable of creating products and services that society desperately needs. The average profit per employee for most tech companies ranges from half a million dollars to tens or hundreds of millions of dollars worth of market value.
The key to truly great user experience design is deep empathy for the customer and the user. Empathy helps create great user experience designs that attract even more users and make a product successful.
This episode explores the importance of addressing conflicts in the workplace, rather than ignoring them and potentially causing physical and emotional harm, using personal anecdotes and experiences.
Y Combinator (YC) is empowering builders to create something new and important with their skills, rather than following traditional paths through grad school or employment, and is potentially leading the way to a new way of allocating capital.
The speaker recommends using DJI action cameras to create short video clips of family vacations or weekends with kids and then editing them together in Final Cut Pro with favorite music. The speaker also discusses the importance of disagreeing but committing to make the right choice together in organizations.
In this podcast, the speaker reflects on the evolution of a person's confidence building and empathetic behaviours, after knowing him for 15 years. The speaker admires the level of maturity and willingness to resolve conflicts and grow, while building up their confidence and empathy along the way.