Garry Tan on Spotting Extreme Winners, Advice for Founders in AI + Lessons from Paul Graham

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.8 • 2.7K Ratings

🗓️ 28 October 2024

⏱️ 71 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 642: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to Garry Tan ( https://x.com/garrytan ), CEO of Y Combinator, about the sauce that makes YC outperform the rest of Silicon Valley plus lessons from Paul Graham, Peter Thiel and Garry’s first million. — Show Notes: (0:00) Winning the game (3:16) Being the Harvard of startups (7:31) How YC outperforms most Silicon Valley investors (9:36) Spotting extreme winners (14:14) Capital-as-a-service (16:34) How Garry hustled at 14 to get his into financial security (23:04) Turning down Peter Thiel's offer to start Palantir (32:20) Garry's first million (44:57) Early days at YC (51:31) The edge of startups with a 2-pizza team (54:36) Advice for founders in AI (1:05:57) The spoon-bending story — Links: • YC - https://www.ycombinator.com/ • Founding Sales - https://www.foundingsales.com/ — Check Out Shaan's Stuff: Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam’s List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

Transcript

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0:00.0	I don't think people are prepared or even aware of what's about to happen right now.
0:05.2	And it's like super, super good news for anyone who's running a business.
0:09.1	I feel like I can rule the world.
0:11.3	I know I could be what I want to.
0:14.0	I put my all in it like no days off on the road.
0:17.0	Let's travel.
0:18.0	Have you seen?
0:19.0	I feel like there's a new meme that got birth and I think Gary is involved with it now which is the
0:23.2	Learn to Cook loser. Have you seen this Sam? What is that? What is that?
0:27.4	What is that? Can you explain this one? I don't even know like what it was a
0:30.8	reply to but it seems to be going viral so it's a good meme.
0:35.0	I think somebody, Paul Graham was talking about cooking, he was like giving his kid advice and he's like,
0:39.6	you know, when you have a girlfriend or something like that, like, you know, they love to come home to the
0:43.2	smell of like a meal being cooked. And then someone immediately, you know, random Twitter troll is like,
0:49.1	why are you raising like a feminine man? Like, you know, he should be masculine, he doesn't need to learn to cook and then I
0:54.0	think Paul's reply was learn to cook comma loser all the builders like
0:59.6	Amjad and other things like tech people were like you know this is actually good general advice like
1:04.4	learn to cook as a high agency way of living I think it's like the compressed idea of
1:11.3	you know build things actually make things actually go do things in the world that are of value.
1:17.0	Maybe I'm reading too much into it.
1:18.0	It's a more succinct version of make something people want.
1:22.0	Yeah, it's the punched up version.
	...

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