Congrats Garry -- I just wanted to chime in with others to say that Garry was an incredible investor in our seed round -- always helpful, and has been very loyal in good times and bad. If you can work with him I highly recommend it.
Introducing Initialized Capital
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Re: Introducing Initialized Capital
#102This is fantastic news for founders.
Survata (S12) was pumped to have Initialized in our Series A last year. Garry worked the closest with us of all YC partners, and Alexis had already been a customer! They make valuable customer intros, always offer time to help, and have such a pro-founder view of the world.
Re: Introducing Initialized Capital
#103Garry is an amazing investor and a great advisor! Wishing these guys the best of luck!
Re: Introducing Initialized Capital
#104Garry is an amazing investor and advisor! Wish these guys the best of luck.
Re: Introducing Initialized Capital
#105Garry, this is a big fund. What can you do for founders with a large fund that you can't do with a small one?
There are lots of small seed funds now! And many of them are new. This way we can lead seed rounds and so when a founder gets our money, they know they'll be done soon (lots of smaller investors will follow on quickly) and will be able to get back to work faster.
Fundraising is always the worst, so anything that helps founders get done faster is the right thing.
Re: Introducing Initialized Capital
#106Congratulations to Garry, Alexis, Alina, and team! Such an awesome group---and an immense pleasure to work with. You won't find a more beloved group of partners in the entire Valley. So excited to be sharing in this journey together!
Re: Introducing Initialized Capital
#107Our company was part of YC S12, which was a huge batch before YC sharded itself into clusters. During that summer, Garry was one of few partners we actively sought out for advice. He was always extremely helpful, especially with product and UI suggestions.
Initialized was one of our earliest post-YC investors and we've been incredibly happy with their support for us during the many years since YC. We're happy to have them onboard and still talk with the partners quite frequently relative to many of our other investors. I'm excited to see what these guys will accomplish with their new fund!
Re: Introducing Initialized Capital
#108Hey Init! Congrats on the launch. Curious, have you funded any startups under Init? If I had to guess, "Our Startups" are startups you (Garry / Alexis /et al) personally invested in.
I noticed that and felt it was a bit disingenuous; it's not as though Instacart (for example) interacted with or benefited from Initialized Capital in its early stages, and the relationships between Instacart and the Init team members who once invested in them are not necessarily good proxies for the type of service Init will provide new startups.
Re: Introducing Initialized Capital
#109Story time folks! I have known Garry and Alexis for many years now. They lead our seed round and we invited Alexis to be on our board for a brief period of time.
So, when we were raising Series A, the negotiations with some new investors were getting a little tenuous. I knew and appreciated that investors are professional negotiators and do this for a living. I on the other hand was a first time CEO. So, for some time during the process, I was feeling a tremendous amount of pressure.
So, one morning I come in to the office feeling sick and questing my ability to withstand the kind of pressure a growing company's CEO has to endure. First thing I see is this short email from Alexis "How's it going? How can we help?". I had talked to Alexis and Garry a few months before about raising a Series A but I was sure that famous people in the valley with full-time jobs had more important things to do than check in on a small, pre-series A company with 10 employees.
I welled up. It was the first time in months that I had felt like someone had my back. In the end we were able to raise a successful A followed by a successful B as well but I still go back and read that 2 sentence email from time to time.
Garry and Alexis are not only awesome investors but wonderful human beings.
Re: Introducing Initialized Capital
#110congrats guys! great partnering with you and look forward to seeing where you dig in with this fund