Transcript
Introduction
Patrick
My guest today is Garry Tan, founder and managing partner of early stage venture firm, Initialized Capital. Before starting Initialized, Garry was a partner at Y Combinator, employee number 10 at Palantir, and co-founder of YC-backed blog platform, Posterous. Our discussion covers what's missing in the investment world, how to best systematize venture investments, and what he learned from Paul Graham. Please enjoy my conversation with Garry Tan.
Building the Global Brain
Patrick
Garry, could you begin by telling us what you mean by software and the global brain and why this concept is interesting to you right now given what's going on in the world?
Garry
Yeah, it's actually something that I think is driving every organization that's trying to use software in the world. And actually, interestingly, it was brought to my attention by Yuri Milner of Digital Sky. He came to speak at Y Combinator and I remember him distinctly saying, one of the reasons why he invested in Facebook very early or relatively early at the $10 billion mark was that he came to a realization that something like 10% of the world's energy goes to data centers, which is also about the ratio that the brain consumes in a human body. And I don't know if that's true or not, but I thought that was very interesting. And all the world's people and all of the world's resources were coming together being organized around a nervous system that is basically the internet and software.