Thank you for having me on. Your subscribers are the people who can go on to create everything we use the next 20 years. I’m not different than anyone watching this. We are the same. I’m just you from the future. :-)
Hello Garry, is this only for the US, or do you fund ideas in Africa? more specifically Nigeria. I have 2 great products i will like to launch and im currently looking for funding.
Gary is an absolute stud! I can listen to him speak for hours and his insights aren't sugarcoated at all unlike most other "inspirational" investors and founders.
I totally agree with the part about startups founders who know a great deal about the problem they are fixing i.e. industry experts at the helm of the entrepreneur journey
It’s better to be a social movement that lifts people up than it is to be just capital in the world. There’s lots of capital. There isn’t enough lifting up.
Great interview. I've been watching Gary's videos recently and honestly didn't know much about him. Now I understand why he's so knowledgeable. Just in case it matters, here's my 7:39 1) A small ecosystem of hardware components 2) For the cellular agriculture industry 3) To mass produce sustainable food and lessen the burden of agricultural land utilization 4) Faster, cheaper, and better than anything out there. First prototype is close to 80% finished with plans to open source and sell to consumer enthusiasts from a secondary market in order to generate revenue to attract a co-founder, then pursue a seed round. Seed money invested in engineering talent, legal expenses, and first small scale proof of concept. But I'm also really really really tempted to establish it as a cooperative which seems to be a giant hell-no for most VCs...
And holy crap, I haven't seen Alexis'name forever. Honestly, I can't remember where, but I watched a documentary years ago where he poured his heart out to the camera. I can't remember what the context was but that was a formative moment for me. I searched around and my best guess is 'A Total Disruption'. That movie plus 'The Downtown Project', 'Startup.com', and 'All Watched Over by Machines of Loving Grace' are all essential watching for any aspiring tech entrepreneur.
When he pointed to the camera, you could tell this guy knows what he is talking about and who he's talking to. In that moment, I was sold. I don't know what I bought, but I am sold.
@@GarryTan I'm so surprised/impressed you comment here. So approachable! Was looking to reach you/Initialized last year to consider pitching you but thought you'd be too busy - my pitch was 💩 at the time anyway LOL But you come across more approachable now. Thanks for doing this!🔥
I had a course taught by VCs last semester and you know what ? They are among those who tick boxes! They were arrogant, focus on finance and they're not able to write a line of code ! haha
What can be the best approach if you have an idea for a start-up and you a programmer but don't have a crew? Investors and accelerated programs expect 2 founders minimum in the crew.
Sir can I get admission in Stanford University with my computer science skills only without complete school Please answer I really need help with this. Thanks jomatech
Oh I started off as a consultant making things for other people. I wish I had switched to making products sooner but getting paid however you can through consulting and building things for other people is a perfectly good way to start. You can even start on fiverr or upwork.
Most VC look for a nice team and selling competence. Often the product isn't interesting at all. If you want to burn millions of dollars, choose some random people failed at high positions in banks, IT companies etc., make a pitch with blockchain, ai, data science and ask a economist to write a completely faked income prediction for you.
Aha. Mcdonald's or any other cashier's job is really tough. I've Tried that and wanted to quit after 1 day. Computer related stuff was more suitable for me. I Couldn't handle the physical labor.
Garry Tan: You need to know something weird and special and different from everyone else who's a great engineer. Jomo Tech (totally misunderstanding him): Yeah, like try and find inefficiencies in the world... Garry Tan (with a low energy voice): Right. One of these has 0 to 1 thinking and the other does not.
@@geethapassoubady4281 "billion dollar companies dude" 🤦♀🤦♂🤦 already explained why, on my twitter btw I have 10+ years experience in the VC industry pal, and I own my 200m gross company - I know what I'm talking about
For any engineers (especially those with React| Node xp) who are passionate about the creator economy, would love to chat with ya, hit me up on twitter at @mrcasualhipster
Garry Tan i wish you all the best... i hope the 36bn gets converted from paper money to real money and that retail money doesn’t end up loosing it by paying for it
Ah likewise. I think you might be talking about pre-IPO investors bumping up crazy valuations at growth stage and then taking a bath post IPO. When we invest and something works it’s 100X to 1000X our money. Early stage venture capital is a grand slam home run royal flush kind of business.
Garry Tan thanks for taking the time to reply Garry. My view is that the system is flawed. These start ups have one purpose: grow as much as they can regardless of cash or profit generation. Ppl end-up paying crazy valuation based on revenue multiples on businesses that mostly that will never be profitable...
