Garry Tan

Garry Tan (Chinese: 陳嘉興; Pe̍h-ōe-jī: Tân Ka-heng; born 1981) is the founder of Initialized Capital. He previously co-founded Posterous and Posthaven. He was also an early employee at Palantir Technologies, and a partner at Y Combinator.

Garry Tan
陳嘉興
Tân Ka-heng
Tan at Web Summit 2018
Born1981 (age 41–42)
Alma materStanford University
OccupationVenture capitalist
Known forPosterous
Posthaven
Initialized Capital

Early life and education

Tan was born in 1981.[1] Tan's parents were Singaporean immigrants.[1] Tan grew up in Fremont, California and graduated from American High School.[1] He started programming at 14-years-old and found his first job by cold-calling the Yellow Pages.[2]

He attended Stanford University from 1999 to 2003, and graduated with a bachelor's degree in Computer Systems Engineering.[1]

Career

Tan worked at Microsoft and then became the 10th employee at Palantir Technologies.[1] In 2008, Tan co-founded Posterous, a blogging platform, which was acquired by Twitter in 2012 for $20 million.[2] He co-founded Posthaven after the shutdown of Posterous.[3] He joined Y Combinator in 2011 as a designer in residence and partner.[1][4][5] At Y Combinator, Tan helped compile a directory of "the best and the brightest interaction designers and visual designers" and wrote Coinbase’s first seed round check in 2012.[2][6] While at Y Combinator, Tan and fellow Y Combinator partners raised $7 million in venture capital funding to support Y Combinator alumni companies, including Instacart and Coinbase.[5]

In 2012, Tan founded Initialized Capital, a venture capital fund.[7]

In 2012, Tan raised $7 million for Initialized Capital’s first funding round.[8] In 2013, Tan, Harjeet Taggar, and Alexis Ohanian raised $39 million for Initialized Capital.[1][9][5] In 2016, Initialized Capital raised a $115 million third fund.[5] The latest fund was closed in December 2021 for $700 million.[8]

As of 2021, Tan remains an active investor in Initialized Capital. Tan invested in Instacart, Coinbase, and Flexport.[10]

Tan has been listed on the Forbes Midas List from 2018–2022.[11][12][13][14]

Tan is president of Y Combinator as of January 2023, replacing Geoff Ralston.[15]

Politics

Tan donated to YIMBY groups such as the San Francisco Bay Area Renters' Federation, YIMBY Action, and YIMBY Law.[1] In 2020, Tan said in an interview that he followed San Francisco housing news, and supported housing of all kinds, including market-rate housing, affordable housing, and homeless shelters.[10]

Tan donated at least $54,500 to GrowSF, a San Francisco pro-growth political group.[1]

In 2021-2022, Tan gave at least $188,451 to local political causes.[1]

In 2021-2022, Tan promoted and raised funds for the recall of members of the San Francisco School Board. Tan himself donated $20,000 to the campaign, and fundraised from friends like Cyan Banister. He promoted the recall and raised money from his Twitter following.[1]

Tan supported the recall campaign of San Francisco District Attorney Chesa Boudin. Tan donated at least $100,000 to the effort.[1][16] Tan blamed Boudin for physical attacks on Asians. Tan alleged that Boudin failed to hold violent criminal offenders accountable and failed to protect the general public, particularly the least advantaged.[16] After the recall campaign succeeded, Tan supported the next District Attorney, Brooke Jenkins, and moderate politician Matt Dorsey.[17]

Personal

As of 2022, Tan lives in Noe Valley, San Francisco.[1][10]

See also

References
  1. Lucas, Scott (June 3, 2022). "Let Everyone Else Have Miami: Garry Tan Will Take San Francisco". The Information. Retrieved July 3, 2022.
  2. Cheng, Candy (August 15, 2021). "VC Garry Tan wrote Coinbase its first funding check 9 years ago. This week, he'll watch the company go public at a $100 billion valuation". Business Insider. Retrieved July 3, 2022.
  3. Cutler, Kim-Mai (September 18, 2013). "Posthaven Rises From Posterous' Ashes To Launch "E-Mail To Post" As It Reaches Financial Sustainability". TechCrunch. Retrieved February 14, 2016.
  4. Loizos, Connie (November 6, 2015). "Garry Tan Says Goodbye to Y Combinator". TechCrunch. Retrieved July 2, 2022.
  5. Konrad, Alex (July 9, 2018). "At Initialized Capital, Odd Couple Alexis Ohanian And Garry Tan Look To Do VC Differently". Forbes. Retrieved August 15, 2019.
  6. O'Dell, Jolie (February 1, 2011). "Y Combinator Launching Designer Directory". Mashable. Retrieved February 14, 2016.
  7. "SEC FORM D/A". Sec.gov. Retrieved March 6, 2016.
  8. Sarah McBride (December 14, 2021). "Initialized Capital Raises $700 Million, Launches 2 New Funds". Bloomberg. Retrieved July 17, 2022.
  9. Cutler, Kim-Mai (August 1, 2013). "YC Partners Taggar, Tan And Reddit Co-Founder Ohanian Raise $39M For Initialized Capital". Techcrunch.com. Retrieved February 18, 2016.
  10. Rinker, Brian (September 21, 2020). "Money Talks: Garry Tan of Initialized Capital on why YIMBYism is the answer to SF's housing crises". San Francisco Business Times. Retrieved July 3, 2022.
  11. "Newcomers To The 2019 Midas List: Who Cracked The Ranks Of Best VCs In The World". Forbes. April 2, 2019. Retrieved August 14, 2019.
  12. "The Midas List". Forbes. Retrieved July 17, 2022.
  13. "The Midas List". Forbes. Retrieved July 17, 2022.
  14. "The 2018 Midas Brink List: Meet Venture Capital's Up-And-Comers". Forbes. April 3, 2018. Retrieved July 17, 2022.
  15. "Welcome home Garry Tan". Y Combinator. August 29, 2022. Retrieved August 31, 2022.
  16. Cassidy, Megan (April 3, 2022). "These are the ultra-wealthy donors pouring money into the Chesa Boudin recall battle". San Francisco Chronicle. Retrieved July 3, 2022.
  17. Hicks, William (August 30, 2022). "Y Combinator's new president a key figure in tech — and S.F. politics". The Business Journals. Retrieved September 5, 2022.
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