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Garry Tan (Chinese: 陳嘉興; Pe̍h-ōe-jī: Tân Ka-heng; born 1981) is an American venture capitalist and executive who is the CEO of Y Combinator [1] and a founder of Initialized Capital. [2] He previously co-founded Posterous and Posthaven. [3] He was an early employee at Palantir Technologies, and previously a partner at Y Combinator. [4]
Y Combinator interviews and selects two batches of companies per year. The companies receive a total of $500,000 in seed money as well as advice and connections. The $500,000 in funding is made up of $125,000 on a post-money SAFE in return for 7% equity and $375,000 on an uncapped SAFE with a "most favored nation" ("MFN") provision (i.e.: "we get the same best terms you give anyone else in the ...
The following notable startups have completed the Y Combinator Accelerator program. Mike Isaac described Y Combinator as: "Y Combinator accepts batches of start-ups twice a year in a semester-like system and gives them money, advice and access to a vast network of start-up founders and technologists who can advise them." [1]
In 2011, Altman became a partner at Y Combinator (YC), a startup accelerator that invests in a wide range of startups, initially working on a part-time basis. [23] In February 2014, he was named president of YC by co-founder Paul Graham. [24]
In 2008, Michael Seibel was a key mentor to the co-founders of Airbnb and recommended them to Y Combinator. [10] [11] In 2013 he became a part-time partner at Y Combinator and joined Y Combinator as its first African-American partner in October 2014. [12] [13] He became CEO of the Y Combinator Startup Accelerator in 2016. [14]
Ever since Garry Tan came on as Y Combinator CEO last year, there have been changes. Last March, Tan cut its late-stage investing and laid off 17 investors, and he shrank the size of YC’s ...
Blomfield co-founded the UK-based company GoCardless in January 2011 with Hiroki Takeuchi and Matt Robinson. [7] The company rose to prominence after receiving a £125,000 investment from Y Combinator. Blomfield stayed in Silicon Valley and during his three years at the company, it raised around £35 million of investment and hired 100 people. [6]
The founders said they are on track to deliver “early working missile systems” to their first customers by mid-2025. Ares and Y Combinator did not immediately respond to requests for comment.