Garry Tan is the co-founder of Initialized Capital, an early-stage VC firm based in San Francisco. They call themselves the “honeybadgers of venture” and pride themselves on “getting [their] paws dirty”, meaning they help Founders navigate the dangers of building a company.
Tan is a respected voice in VC and often shares his experience on social media.
In a video published in January 2020 (see the link below), he gives tips on getting a VC job.
Tan encourages Aspiring VCs to evaluate a startup as a VC would, by trying to guesstimate the annual growth rate:
– 2x per year: C+
– 3x: solid B
– 4x: A
– 5x and above: A+
Having been a Founder himself, he knows how difficult it is to create and sustain those growth rates over prolonged periods of time. Only the fastest-growing companies will get that elusive VC money.
But that’s the startup’s game, he adds. Startups don’t have a choice: they need to keep growing, or they die. Just like sharks, who are said to need to swim constantly or can’t breathe (at least most sharks).
On a final note, you’ll hear Garry Tan give some useful advice about getting a VC job. If you’ve attended our live streams on the topic before, you know the first step is to understand key concepts and be battle-ready. That’s where we help you get to thanks to our VC Career Accelerator program.
🗣 Do you agree with Garry on the best path to VC? What alternative paths are there out there?
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🔗 The full video interview is here (from 5:07 for our quote)
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