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

[@GarryTan]

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

[@vrydesigns]

Is that 80cm softbox? 19:43

[@nivita9830]

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]

Great interview!

[@vrydesigns]

Absolutely!@@EhrenGoossens

[@shigai9727]

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

[@emilychangtv]

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]

44 mil blacks in USA not 1 black or Latino

[@naimas8120]

​@@starloszelson4541 culture of entrepreneurship.

[@J35Y1]

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

[@BallyBoy95]

@@starloszelson4541 There are plenty of "black" people and Latinos. Michael Seibel is the Director for goodness' sake.

[@orikla]

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!

[@23rd08]

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]

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

[@23rd08]

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

[@Otis-the-III]

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

[@Otis-the-III]

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

[@23rd08]

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.

[@NAubc]

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.

[@Discovery_and_Change]

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)

[@mattdan5238]

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[@mattdan5238]

Eugenia Eiland program is widely available online..

[@jacnelson3423]

The beauty of Eugenia Eiland ’s approach is her dual focus: while she aggressively pursues profit opportunities, she's equally tenacious about shielding investors from potential pitfalls. It's a balance few can achieve.

[@sidinhasol]

Reason i invest in the crypto market; to make my money work for me, to prevent inflation from eroding my savings

[@normandholland8374]

Without a doubt! Eugenia Eiland is a trader who goes above and beyond. he has an exceptional skill for analyzing market movements and spotting profitable opportunities. His strategies are meticulously crafted based on thorough research and years of practical experience.

[@chesteradams9764]

The technical analysis expert I hold in the highest regard. Her risk management strategies steadily yield favorable results. Eugenia Eiland 's expertise program has a significant online presence.

[@munyumbamutwale2985]

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]

Exactly, idk why she shamed him for it smfh

[@simba8665]

​@@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]

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]

⁠@@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__]

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.

[@TheBlackClockOfTime]

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]

I'm curious, how is it appeasing BlackRock?

[@JosephAhn-l3e]

They prefer biology and medical fields. It's not the men's fault

[@mosecassaro]

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]

Michael Seibel falls into that category as well.

[@nussnougat5462]

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

[@zico739]

Peter Thiel is one of your role models? Get help, man.

[@idontwantahandle325]

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]

what really happened to your career?

[@X139T]

This was unhinged. Thanks for sharing

[@RedShipsofSpainAgain]

...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]

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

[@zeecomedia]

sorry about that @idontwantahandle325

[@AfzalHussein]

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

[@GarryTan]

Aw shucks

[@arifulislamleeton]

Thank you

[@EmilianoSerrano-g3n]

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

[@nawzyah]

8:01 - Unbelievable. Why is Emily Chang shaming this fellow for the lack of females in the photos from YC 2009? As if implying there was sexism or gatekeeping in their selection process when WE ALL know there's (or was) a lack of females in STEM fields. So cringe.

[@juanjosegouvea]

agree

[@purerokerinc]

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

[@opeyemiaia]

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

[@davidpopoola7851]

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.

[@EshanAnas]

Thank you bloomberg for this, I don't know if I will ever make it to Y Combinator, but your questions has helped and I am preparing. Thank you so much! Its next to impossible for me but I wanna say it that I will be there in the next 2 years!!!

[@builditcal]

My favourite part of the video was when the made sure to leave out Aaron Schwartz of Reddit when they were showing off their pervious members... beautiful.

[@hakaigaming3176]

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!

[@ijchua]

I note that the subtitles are not a direct transcription of the words spoken, but a transliteration that makes the content clearer. Well done Bloomberg!

[@mattgills1648]

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

[@entertainmentweekly4727]

Yes 👍

[@bun5320]

Women ☕️

[@aaroncrandal]

Hey now... at least they held back for a full 8 minutes... baby steps

[@jx6773]

real dumb question, stopped watching after this.

[@JosephAhn-l3e]

It's hilarious, she should be respectful

[@julissadc6303]

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)

[@Web3IsAJoke]

Wow!! This was fantastic...thanks Garry for that brilliant insight and thank you Emily for the great questions.

[@gdthegreat]

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

[@MuthiahAnnamalai]

this is amazing interview - one for the ages

[@corpo_ethereal2744]

Great interview, difficult questions and honest answers. Thank you.

[@joseperez-ig5yu]

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!😊

[@dsdddsd4543we]

Amazing interview. Difficult questions and no fluff.

[@Taskade]

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

[@mikefatah]

Excellent conversation here!

[@yuchenwang679]

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

[@NURREDIN]

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

[@rx6277]

"It costs nothing to apply, but it could give you everything." ❤

[@ashwanthvh6812]

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

[@habibm19]

funny she asks where are the women....why not ask the women? and what is the ratio of women in tech vs men? you walk into a family daycare with room full of women...do you ask where are the men?

[@xxcryicesxxcryices3382]

Honesty Ycombinator only has a fraction of applications that are from women founders, just like the rest of tech. Even if Ycombinator accepts 50% of them (which is way higher than men), it’ll still be way less women founders than men. Have you ever walked into a CS lecture and seen more than a couple women? (Even though they have special clubs and networking events exclusively for women just to help them succeed) I’m kinda embarrassed she even asked this question, it’s more of a societal issue

[@JamesonSharp]

Mr. Tan this is a great Interview. The History is phenomenal. 👏👏👏

[@triingtimes5267]

Fantastic video, educational, inspirational and full of hope!

[@tbprofile1295]

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

[@Behind_the_Scenes_bytes1]

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]

That's exactly what I was about to type.

[@iriemabayo5939]

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

[@modernsam2347]

What a refreshing CEO. And excellent interview

[@doehillarious2819]

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!

[@EmreErden]

Great insights!

[@Halomygamo]

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

[@edbertkwesi4931]

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

[@cucumberconnoisseur]

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]

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

[@4chan_b]

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

[@jeffwangvids]

that is a bad comparison.

[@AlexKYChan]

@@jeffwangvids yes indeed.... tech academic high achievers may or may not be brilliant entrepreneurs ( who may or may not be technical ) and brilliant entrepreneurs may or may not be top COO or managers and reverse also true. Likewise, top business school MBA students may or may not be a top real life business leaders - studying and competing for top GPA versus coming out to real workforce high intense capital market competition for the limited consumer dollars and undercutting your competitors and aggressive monopolistic practices to edge your competitors out of market share, are very different

[@logeshkumarrajkumar861]

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

[@Outcome_Agent]

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.

[@Trumpheishim]

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]

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

[@Lifewithoutborders24]

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]

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.

[@KellyAnn3644]

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

[@gladiatorwonderhands]

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

[@aavlasti]

Great interview! But I do not understand why it is YCombinators problem that there are no women ?

[@barbarosozturk]

These series are amazing. Thanks for sharing!

[@felixjavierarbeloroman]

Great interview! Great Emily. Hello from Barcelona 😊

[@TheMillionairesMentalist]

at around 9:30 Garry says he give half a million to 250 start ups. That's $2000.00 per start up. That can't be right is it?

[@rayanearaujo6448]

This interviewer is amazing

[@michelleyu1281]

great content!

[@astridrivaspoma8722]

Muchas gracias excelente entrevista desde Perú 🇵🇪❤

[@ddvantandar-kw7kl]

Enjoyed watching your enriching content.

[@rx6277]

Going to apply to it for the 12th time🎉

[@BrittanyGates]

I, too, felt the two questions about the lack of women founders in YC was badgering. The CEO can't make women apply. I also don't want companies to lower their standards just to get more women. And that does happen so companies can display their diversity.

[@denisgushchin4722]

hello, i started the last week and dont have experience at all in this binary world. I will try tomorrow the steps of this video, i will write you after i try it. Thank you for the video.

[@strauss7151]

YC's push for diversity will sow the seeds of its own demise.

[@notagilbert]

Whenever diversity triumphs over competence just know it's all doomed

[@t301CAN]

cringge

[@strauss7151]

@@t301CAN Yes, aiming for diversity over merit is indeed cringe.

[@amorosogombe9650]

Gary Tan is an awesome bloke.

[@temjim]

Just discovered this series and started loving Emily until she asked where are the women? She seems intelligent, and I wonder if she could ask the same question where are the women in oil rigs, coal mines, sewage lines, garbage pits, power lines, special forces operations, etc?

[@PriyanshuDubey-z2v]

Great video ❤

[@Decembersown21]

Fantastic interview

[@rickywatcher282]

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

[@dawarjdeka9613]

Will go there some day

[@HG-os3dy]

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.

[@Dipeness]

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]

LOL

[@habibi750]

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

[@joelw2413]

@@habibi750 Nobody was talking about gender

[@jpbekele]

I'm defiantly coming to the Bay area SV

[@hijolakwatchero]

how can we pitch our filipino cafe startup?

[@arunraman]

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

[@khanhhuynguyenvu]

great interview 🎉

[@Uber---Octopus_100X]

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.

[@nivita9830]

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 :)

[@hiimjustin8826]

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

[@171_indranildutta6]

haha

[@gondwemuzi6698]

🤣🤣

[@Mrconcretecoatings]

How is Craftwork doing ?

[@Mrconcretecoatings]

Well ???

[@upfrontdollars9056]

What about women founders? No what about black founders? Women have made far more strides in society than both black men and women collectively

[@RudraS-p9u]

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

[@rauldoesnothing]

Such a great interview!

[@trickology.]

Will be there soon

[@Necromancer-kz4rx]

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

[@AwomKenneth]

this was a very balanced interview!

[@airportvans]

Which is better YC or Harvard's Innovation Lab?

[@alaashaheen-o4g]

Отличная связка! Очень интересно и информативно.

[@mariarusso2784]

Well done team! So informative and inspiring!

[@timog7358]

great questions

[@OrvinReyes]

Great job making the whole thing about women /s

[@simba8665]

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

[@lucentics]

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.

[@kelvinbatistamacia3770]

excelente, este es un canal fabuloso

[@nanayawmarfo3433]

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

[@dmalka336]

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.

[@miqueiasmartin807]

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]

Exactly!

[@chriskarani1026]

Gary has always been a🐐🐐

[@turtleANDhare1]

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.

[@ramlohit-bq7rc]

Inspiring!

[@NicholasPalance]

You both rock!

[@VaibhavPatil-rx7pc]

Really motivational for each techy

[@Evulnation]

Never heard someone pronounce one of the biggest tech giants name like that before lol. Beezos.

[@adaliaescamilla3444]

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

[@MarkMark]

Wait, so what did Garry say YC was doing about the gender distribution of YC’s founders? (Did I somehow miss that part?)

[@slimerone]

he said they are working on it but the honest answer is women don't do STEM and if they do they are not top performers. Best to hire based on meritocracy and not just to check some "diversity" box which is actually illegal.