How to Get Into Silicon Valley’s $600 Billion Startup School

How to Get Into Silicon Valley’s $600 Billion Startup School | The Circuit with Emily Chang

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Күн бұрын

Y Combinator is a famous Silicon Valley startup accelerator where Airbnb, Coinbase and Reddit all got their start. This startup school has backed companies now valued at $600 billion. Emily Chang met with Y Combinator CEO and President Garry Tan to discuss his roots as a founder who went through Y Combinator himself, to his return as the accelerator's current CEO. They discuss what it takes to be a great founder, the Silicon Valley Bank crisis, how Mr. Beast schooled Tan on his content creating, and the fate of San Francisco.
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Пікірлер: 368

@GarryTan 10 ай бұрын

Big thanks to Emily Chang and the team at Bloomberg for having me on The Circuit. Huge honor and super fun to be on.

@vry.design 10 ай бұрын

Is that 80cm softbox? 19:43

@nivita9830 10 ай бұрын

Great interview. We're lucky to have you LONG SF/Bay Area Garry.🙌 Cheers to continuing to attract and cultivate the best and the brightest at YC!

@EhrenGoossens 10 ай бұрын

Great interview!

@vry.design 10 ай бұрын

Absolutely!@@EhrenGoossens

@shigai9727 10 ай бұрын

Great interview! I see a CEO to whom I can share my startup story. Can I buy you a cup of coffee?

@MileyHumphrey-ql4jp 28 күн бұрын

My dividend journey began when I realized that two particular expenses in my budget were always going to go up and never go down. The two expenses were taxes and insurance. I realized that the dramatic rise in both will need some added income. So, I started buying shares paying dividends. I can now see that this will be the path I need to take to make sure those two expenses will not overtake my future income.

@Charles-wp9dd 28 күн бұрын

Off course, but Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional.

@Thomas-mh6ib 28 күн бұрын

Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.

@Barbara-fv3tp 28 күн бұрын

impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now

@Thomas-mh6ib 28 күн бұрын

“Angela Lynn Shilling’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@Barbara-fv3tp 28 күн бұрын

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

@23rd08 9 ай бұрын

I’ve spent so many memorable days at Red Rock Coffee, matter of fact I was opportune to meet with one of Wall Street geniuses in this cafe and it’s been a life changing encounter.

@Q.Gillette 9 ай бұрын

The coffee there is amazing and their open mic night is just awesome. Great place to be!

@23rd08 9 ай бұрын

Truly exquisite!👌🏼Nice place to work, comfy chairs, great atmosphere and overall, amazing service and vibe!

@Otis-the-III 9 ай бұрын

I’d most definitely buy myself a cup of coffee here anytime I’m in California.

@Otis-the-III 9 ай бұрын

@@23rd08 And by life changing you mean what?

@23rd08 9 ай бұрын

Well, she introduced me to trading assets and with her system it’s safe to say I’ve made quite a fortune in the financial trades market. It’s been two years and I know for sure that I’ve found a financial pro I can trust and who can consistently fetch me incomes.

@emilychangtv 9 ай бұрын

What makes an episode great is a guest's willingness to open up and share themselves with our audience. Garry did that and more, taking us to his favorite coffee shop, the halls of YC and even his house! I'm so grateful to Garry for showing so much of himself -- which means we learned so much about him and his views on the future of startups.

@starloszelson4541 5 ай бұрын

44 mil blacks in USA not 1 black or Latino

@naimas8120 4 ай бұрын

@@starloszelson4541 culture of entrepreneurship.

@J35Y1 28 күн бұрын

@starloszelson4541 why don't you fund them then?? give them your money if you want

@mattgills1648 6 ай бұрын

So it's his fault that women don't start up tech businesses? I don't see women in construction and don't hear anyone complaining

@NAubc 10 ай бұрын

I know Gary, he’s the kindest and nicest person at YC. I interacted with him over 10 years ago on multiple occasions and he loves to help and is very generous and kind. If I ever meet him again I will let him know this.

@mosecassaro 9 ай бұрын

Garry Tan has been a role model of mine amongst greats like Jobs, Thiel, Doug Leone etc as a VC and ex founder. But above all, Garry is a role model for what a human should be like. A genuinely great human being, you will never hear a bad story about Garry. His efforts to save SF should not go unnoticed. And don't forget, he makes some of the best youtube content you will ever come across.

@phasematerialsresearch9319 9 ай бұрын

Michael Seibel falls into that category as well.

@nussnougat5462 4 ай бұрын

if Thiel is a role model for you, I am afraid what you will do to this world. Thiel is a terrible human.

@user-ov6tj9fh2o 9 ай бұрын

That was a fantastic interview. Garry Tan is such a humble person.. Garry is a great leader! Thank you for all that you do.

@purerokerinc 10 ай бұрын

Gary's comment on huge employee bases used as a competitive moat is 100% spot on and perfectly stated

@opeyemiaia 10 ай бұрын

Could you please explain this to me more better as a curious novice. Thanks

@davidpopoola7851 3 ай бұрын

Companies hire a ton of talented people because they have enough cash in the bank and profits to pay them. They do this to prevent them from being hired by their competitors, startups or even prevent them from starting their companies(like some sort of golden handcuffs). At the end of the day, if theres some new tech wave or hype like crypto or AI, they have the manpower to quickly spin up something as well and compete.

@AfzalHussein 10 ай бұрын

Love Gary. Humble, down-to-earth leader.

@GarryTan 10 ай бұрын

Aw shucks

@arifulislamleeton 9 ай бұрын

Thank you

@idontwantahandle325 10 ай бұрын

a tech startup derailed my career. so there are pitfalls along the way. I had to leave the bay area, and just being there always gave me motivation. The scenery up and down the coastline is magic too. Crimson sunsets, misty drifting fog, waves of the wild restless sea crashing over rugged rocky shoreline. The amazing restaurants. And the energy of Silicon Valley.

@polyteky 10 ай бұрын

what really happened to your career?

@X139T 10 ай бұрын

This was unhinged. Thanks for sharing

@RedShipsofSpainAgain 10 ай бұрын

...the rampant wildfires, the soul crushing traffic jams, the endemic homelessness, the massive wealth inequality, the homes priced similarly to the GDP of a small country....

@smv-tv 9 ай бұрын

⁠⁠@@RedShipsofSpainAgainthe Bay area hasn’t had “rampant wildfires” since 2020 😂😂

@zeecomedia 7 ай бұрын

sorry about that @idontwantahandle325

@Discovery_and_Change 5 ай бұрын

0:00 Red Rock Coffee is located in Mountain View, California 4:11 Luminary: a person who inspires or influences others, especially one prominent in a particular sphere 10:30 We like people who are earnest, who are solving real problems and can show us the quality of their work 11:13 10,000 hours (to become expert/master at something) 19:40 Get a softbox for a cinematic look (for your videos)

@barbarosozturk 10 ай бұрын

These series are amazing. Thanks for sharing!

@orikla3460 2 ай бұрын

Wow, this video provided such an insightful look into the heart of Silicon Valley's startup scene! As a software engineering student, hearing Gary Tan's journey from being a child of immigrants to leading Y Combinator is truly inspiring. His emphasis on simplicity in decision-making and the importance of diversity in tech resonated with me deeply. It's fascinating to learn about the fast-paced environment of YC's Demo Day and the role it plays in shaping the future of tech. Also, his vision for making San Francisco a hub for immigrant success in the tech industry is incredibly motivating. Can't wait to see how the next generation of startups continues to shape the world!

@mariarusso2784 9 ай бұрын

Well done team! So informative and inspiring!

@mercurious6699 10 ай бұрын

loved this one, thank you

@triingtimes5267 9 ай бұрын

Fantastic video, educational, inspirational and full of hope!

@mohitahirwar1830 9 ай бұрын

Just loved how the interviewer asked him the exact questions that hurt without sweet talk!

@hakaigaming3176 10 ай бұрын

I love these Bloomberg Originals - and Emily Chang will ALWAYS be my hero - she is fierce, intelligent and amazing content producer but I must say - I miss the liveliness she brought to Bloomberg Technology. Great Content Emily! Cheering you on as a subscriber who waits for your content to drop!

@U2haveaniceday20 10 ай бұрын

WOW Awesome video . Thanks so much for sharing ✌️

@dsdddsd4543we 9 ай бұрын

Amazing interview. Difficult questions and no fluff.

@joseperez-ig5yu 10 ай бұрын

Hey Emily, fantastic interview! You always know the right questions to ask your guests. Keep on wowing us with all of the information presented on your shows Emily!😊

@julissadc6303 6 ай бұрын

I wish i had a big brother like this guy when i was growing up to teach all of this. Such interesting points(sorry for the bad english)

@Taskade 10 ай бұрын

Great video! Garry Tan's story is super inspiring. Kudos for sharing this gem with us!

@rauldoesnothing 10 ай бұрын

Such a great interview!

@gdthegreat 9 ай бұрын

Both of you are best in your fields, sooner to be YC grad in next 2 years... Thanks Bloomberg for this video.

@logeshkumarrajkumar861 9 ай бұрын

That was a fantastic interview. Garry Tan is such a humble person.

@ddvantandar-kw7kl 4 ай бұрын

Enjoyed watching your enriching content.

@felixjavierarbeloroman 8 ай бұрын

Great interview! Great Emily. Hello from Barcelona 😊

@KellyAnn3644 10 ай бұрын

Love this interview! Thanks Garry! Love your view and opinions about SF!

@cucumberconnoisseur 8 ай бұрын

China's Tsinghua University and Peking University admitted 7,600 students out of 12.91 million applicants, with an acceptance rate of 0.059%. Indian Institutes of Technology (IIT) may share similar statistics. Not saying these students can have real impact on the world but the acceptant rates exceeds Y Combinator's.

@starloszelson4541 5 ай бұрын

Who cares what they are doing in china and India you have mllions of Americans struggling

@4chan_b 3 ай бұрын

Even this extreme selection rate didn't curate the best of what exist. Like YC has the best available. You don't understand it's not a school/University YC is a Community of brilliant entrepreneurs

@munyumbamutwale2985 10 ай бұрын

8:00 - There are basically no women in tech startups because women participate in both those fields at alarmingly low rates. Yes, women do opt for self-employment at equal rates as men but they tend to engage in entrepreneurship at much lower rates (partially due to aversion to risk) and also they enrol in tech degrees and courses at much lower rates too. fix Entrepreneurship and tech participation amongst women and you are highly likely to get a lot of women in tech startups.

@joshuathomas512 10 ай бұрын

Exactly, idk why she shamed him for it smfh

@simba8665 9 ай бұрын

@@joshuathomas512they want society to hand out last place participation trophies. They want the guy to manually change the ratio of who to invest in, when these guys are picking startups based on the idea not person

@zeroheroes4081 4 ай бұрын

Half of the story is that there's much less women in the field, the other half of the story is that women aren't being funded like their male counterparts. A recent study by EU found that 1% of capital was allocated to women, 99% to men. But ~33% of new start ups came from women. When I listen to a Swedish podcast, the founders of Klarna, Spotify, Oneplus etc will never mention any problem at all with getting funded, but every woman will talk about how difficult it was and how they almost didn't make it because of that... 80% of business women in a new study (Sweden) stated they've experienced it's much harder to get access to capital than it is for men... So in a more misogynistic and less equal country like America, in the early 2000s that were even worse for women, in a field that was moving so quickly that not getting access to capital would mean a company wouldn't make it compared to the competition, it was probably not just less women in tech that contributed to lack of successful female founders.

@Hellotherett Ай бұрын

⁠@@zeroheroes4081notice the differentiation between the TOTAL 1:99 ratio vs the NEW 1:3 ratio… Cut out total funding only look at funding allocated within the “new startups” period. Manipulating statistics to fit their agenda, not surprised. You have to understand that funding varies depending on industry. Fintech, MarTech, and foodtech all carry different valuations, resulting in less funding - period. Which industries are the female founders innovating in? It’s much more complex than you’re portraying.

@Fenris__ Ай бұрын

Women are underrepresented because there are not many excelling women in that field. They don't like to risk. It's statement of fact. Instead of forcing to make them happen think about why they're not there in the first place. Stop deluding people with pushy gender political correctness.

@khanhhuynguyenvu 10 ай бұрын

great interview 🎉

@thebicycleman8062 9 ай бұрын

starting the video with a barista and Asian people is the PERFECT way to INTRODUCE anything about Silicone Valley.. now u just need to read the name Nguyen somewhere and it will be wholesome! (if u know u know)

@wonderhands5123 9 ай бұрын

bravo Emily Chang. Strong interviewer who stands ground & can deliver powerful questions with temper. Garry Tan strong interviewee for seamlessly responding to everything; YC is in good hands

@user-oy8yb6cm6o 8 ай бұрын

Great video ❤

@user-io8yb6xi5q 3 ай бұрын

this is amazing interview - one for the ages

@michelleyu1281 3 ай бұрын

great content!

@edbertkwesi4931 9 ай бұрын

i love YC . i think its the atmosphere of freedom they offer that s the magic

@timog7358 10 ай бұрын

great questions

@yuchenwang679 10 ай бұрын

No one else going to talk about his pronunciation for Jeff Beeeezos?

@ramlohit-bq7rc 9 ай бұрын

Inspiring!

@nivita9830 10 ай бұрын

I've spent many memorable days at Red Rock Coffee (loved their Open Mic nights too). The photos on the YC wall make me feel old - time flies! Dig the #f60 :)

@astridrivaspoma8722 Ай бұрын

Muchas gracias excelente entrevista desde Perú 🇵🇪❤

@AwomKenneth 9 ай бұрын

this was a very balanced interview!

@dawarjdeka9613 8 ай бұрын

Will go there some day

@amorosogombe9650 10 ай бұрын

Gary Tan is an awesome bloke.

@trickology. 9 ай бұрын

Will be there soon

@kelvinbatistamacia3770 5 ай бұрын

excelente, este es un canal fabuloso

@VaibhavPatil-rx7pc 8 ай бұрын

Really motivational for each techy

@TheBlackClockOfTime 9 ай бұрын

8:15 "Something we're continuing to work on". I'm sorry, but how is it YC's problem that not as many women are simply not interested in tech as men are? How does this undeniable basic scientific fact still come as a surprise to people. The reporter is clearly aware of this. Yet you have to call it out to appease BlackRock. Why? Garry is visibly uncomfortable with the question. It's so dumb.

@7ahey 2 ай бұрын

I'm curious, how is it appeasing BlackRock?

@tbprofile1295 Ай бұрын

2:38 Presumably his father wearing a University of Manitoba hoodie. Garry was born in Winnipeg .

@Outcome_Agent 9 ай бұрын

I went here on a first date. It was a horrible place for a date. The upstairs is mostly a quiet zone. Everyone has their laptops open , headphones on and almost no chitter chatter sounds. I didn’t pick this place. It was my dates idea . We were the only ones talking and I could tell it was annoying people. The whole date turned sour from this experience and I never called her back.

@Halomygamo 7 ай бұрын

Why did Gary look so nervous when asked about women joining in tech? How is this his fault that there are less women applying to YC ? - Wouldve been a great opportunity to say - " Hey, thats a very great question, any women tech founders out there, send us an application" - There was a large push to get women into tech in my bay area highschool - sadly a large majority dropped out to focus on their onlyfans careers

@arunraman 10 ай бұрын

Emily Chang reminds me so much of Esther Choi...

@kiwa8801 10 ай бұрын

Also thank you Gary for all the insight and sharing your experiences and thoughts 💭 , I'm a 38 year old father of 7 kids and people used to tell me I was way passed my prime to build or think about starting a startup, It's been 2 years now since I first saw your content and it has literally just given me enough guts to eventually be like F@ck I'm going to do it anyway and it's been an amazing journey. Listening to your stories and growing up just hit me hard, I know get my kids to create a business of their choices and get them to pitch to me :)

@strauss7151 9 ай бұрын

7 kids are quite an achievement. You have won the game of natural selection.

@Lifewithoutborders24 8 ай бұрын

I am a 34-year-old single lady and currently building my tech startup. You are not past any prime. You are in your element. You can even start over at age 65

@lukeonuke 6 ай бұрын

My father started his company that paid for my education at like 36 or so, but be ready to be told by literaly everybody you will fail.

@NicholasPalance Ай бұрын

You both rock!

@magicalpodium 9 ай бұрын

I have been following the tech-wizard, Gary Tan for sometime now. He is simply one of those people who really care. Lets put some respect on his name.

@ashwanthvh6812 2 ай бұрын

Did anyone notice that the companies funded by YC are more design-centric? Airbnb, Stripe, Coinbase.. and the list goes on

@HG-os3dy 9 ай бұрын

Emily is so impressive as an interviewer, no note pad or cue cards. How dod you remember all these Qs to ask? Love all your interviews.

@NURREDIN 6 ай бұрын

Does this startup school also apply to people starting Venture Capital companies?

@user-hb7gb9by3k 6 ай бұрын

She knew it was 10 mins interview to decide whether to invest or not. She had interviewed Paul graham and Jessica Livingston.

@Necromancer-kz4rx 8 ай бұрын

Yes, i want to meet my cofounder there please. 🙏🏻🙏🏻

@bellagrandic 10 ай бұрын

Gary is going to be a great CEO.

@MT-vh6hd 10 ай бұрын

Garry is a great leader! Thank you for all that you do

@brayan-mesquita 5 ай бұрын

Áudio em português, que maravilha 😁 Obgdo.

@openlittermap 8 ай бұрын

Feeling better after this

@doehillarious2819 10 ай бұрын

Love YC but if women are not applying as much as men thus not big deal, YC should continue to focus on bringing greta ideas to market. No need to force the so called INCLUSIVITY!

@chrishallnyc 10 ай бұрын

Awesome video! Garry is the best

@chriskarani1026 8 ай бұрын

Gary has always been a🐐🐐

@HusravMahmudov 10 ай бұрын

Good interview, good job Emily

@airportvans 9 ай бұрын

Which is better YC or Harvard's Innovation Lab?

@hiimjustin8826 10 ай бұрын

There are female founders that raise loads of capital. For example, Charlie Javice, Elizabeth Holmes...

@171_indranildutta6 10 ай бұрын

haha

@duongnhatanh7136 10 ай бұрын

watching this feels so visionary

@sarahsalt3689 9 ай бұрын

Thank you for asking that question about women in tech - excellent interview.

@donly19 9 ай бұрын

Emily, keep up the interviews! Just like your representation.

@stonytan4009 10 ай бұрын

This is redrock at El monte!!!

@OrvinReyes 9 ай бұрын

Great job making the whole thing about women /s

@simba8665 9 ай бұрын

They want it all handed to them like they are kids, no capable grown adults

@Dipeness 10 ай бұрын

Lol I have tenants who got 500k from Y combinator. They had no company, no sales, no concept nothing. Lmao they still haven't hired a software engineer. The only thing is that they both graduated from Stanford. So If you go to a good school you can get in lmao.

@Alex-tm5hr 10 ай бұрын

LOL

@habibi750 9 ай бұрын

I was about to say something similar. This is a boys club

@joelw2413 6 ай бұрын

@@habibi750 Nobody was talking about gender

@hijolakwatchero4701 9 ай бұрын

how can we pitch our filipino cafe startup?

@bruno-um9xk 9 ай бұрын

"No single women on this photo" and I just have readed Mantopia, from Emily herself.

@chan90s 10 ай бұрын

8:00 debatable

@lucentics 10 ай бұрын

love Gary Tan the goat. Rags to riches, the epitome of the American Dream, the inspiration for every international entrepreneur in “third world countries” like me.

@Decembersown21 10 ай бұрын

Fantastic interview

@mijailelenes9796 10 күн бұрын

May 1000 lotus bloom 🦊🫡🥋

@george_davituri 9 ай бұрын

what a nice dude, legend

@ymvtech 10 ай бұрын

Interesting. Love it!

@ziwer1 10 ай бұрын

Garry has such charisma. I never watch interviews esp this long.

@EcomCarl Ай бұрын

His perspective enriches our understanding of how strategic guidance, more than just funding, is crucial for transforming innovative ideas into successful enterprises. 🚀

@rickywatcher282 Ай бұрын

8:57 How many companies have come through these doors?

@user-yg1zp8uk4d 6 ай бұрын

Garry 8s amazing

@po5631 6 ай бұрын

"Where are the women in this picture"-- IN MEDICAL SCHOOL LADY" AND LAW !

@adaliaescamilla3444 2 ай бұрын

hope to see more female founders in the future!!!

@rajbanwait325 10 ай бұрын

lol, 40K/YR Applications and 400/Y Acceptance Rate 1%ers..Maybe 2...3...4s Pushing It...

@OluAI 2 ай бұрын

“It’s like an elite club” was def AI and we’re ok with that ❤

@miqueiasmartin807 6 ай бұрын

Unequal numbers are difficult. There are more men creating startups and this is very noticeable, it is not inequality but people's decision-making.

@iriemabayo5939 Ай бұрын

Exactly!

@Behind_the_Scenes_bytes1 10 ай бұрын

when the interviewer ask, what you are doing to include women, i think the right question should be the other way round, what should women do more to get into YC

@simetric6551 10 ай бұрын

That's exactly what I was about to type.

@iriemabayo5939 Ай бұрын

Right, its not his fault why women are not as techie as men.

@joejojoe Ай бұрын

hope we can make you proud garry :>

@nanayawmarfo3433 10 ай бұрын

she mentioned no women but ive seen more women in the video than black people

@dmalka336 9 ай бұрын

Fair enough, although women are are waaaaaaaaaaay higher percentage of population than African-American. In any event, may every human be thriving, happy and abundant.

@turtleANDhare1 6 ай бұрын

the question about why aren't there any women in the picture was misdirected. How would Garry answer something that he had no control over at the time? Imo It's a matter of many things, not sexism.