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","datePublished":"2026-06-23","dateModified":"2026-06-23","author":{"@type":"Person","@id":"https:\/\/blog.terabox.com\/author\/flextech-admin\/#Person","name":"flextech-admin","url":"https:\/\/blog.terabox.com\/author\/flextech-admin\/","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/ad516503a11cd5ca435acc9bb6523536?s=150&d=mm&r=gforcedefault=1","url":"https:\/\/secure.gravatar.com\/avatar\/ad516503a11cd5ca435acc9bb6523536?s=150&d=mm&r=gforcedefault=1","height":96,"width":96}},"publisher":{"@type":"Organization","name":"terabox","logo":{"@type":"ImageObject","@id":"http:\/\/blog.terabox.com\/wp-content\/uploads\/2021\/11\/logo\u4ea7\u54c1\u540d-\u7ad6\u7248.png","url":"http:\/\/blog.terabox.com\/wp-content\/uploads\/2021\/11\/logo\u4ea7\u54c1\u540d-\u7ad6\u7248.png","width":900,"height":900}},"image":{"@type":"ImageObject","@id":"https:\/\/img.youtube.com\/vi\/rEwK7MIQ-QA\/maxresdefault.jpg","url":"https:\/\/img.youtube.com\/vi\/rEwK7MIQ-QA\/maxresdefault.jpg","height":"","width":""},"url":"https:\/\/blog.terabox.com\/insights\/gary-tan-y-combinator-startups-silicon-valley","video":{"@context":"http:\/\/schema.org\/","@type":"VideoObject","@id":"https:\/\/www.youtube.com\/watch?v=rEwK7MIQ-QA#VideoObject","contentUrl":"https:\/\/www.youtube.com\/watch?v=rEwK7MIQ-QA","name":"Garry Tan on the Past, Present, and Future of YC","description":"Gary Tan is the President and CEO of Y Combinator.\n\nYC is the startup accelerator behind companies like Airbnb, Stripe, Coinbase, Reddit, Twitch, and thousands more. According to Garry, they\u2019ve invested in 20% of all startups worth $5B or more started since 2012.\n\nGary has lived every side of the YC ecosystem. He went through YC as a founder, later became a partner, started Initialized Capital where he backed YC companies like Coinbase and Instacart, and then returned to lead YC.\n\nWe walk through the different \u201ceras\u201d of YC, from the early Paul Graham and Jessica Livingston days in Cambridge, to scaling in San Francisco, to today\u2019s push back toward in person community and what Gary calls \u201cfounder mode\u201d for the organization itself.\n\nWe also talk about why the Bay Area still matters so much for startups, what\u2019s happening with California taxes and policy, and why Gary has gotten more involved in local politics to keep it the best place for founders to build companies.\n\nThen we go deep on the parts of startups people don\u2019t talk about enough. Co-founder conflict, rage quitting, therapy and coaching, and why companies inevitably take on the personality and emotional patterns of their founders.\n\nWe also cover what YC looks for in applications, how the 13 week batch is structured, how Demo Day really works, how to choose the right investors, and what Gary thinks the next phase of YC looks like, including helping founders even after Series A.\n\nAt the end, Gary shares his personal AI workflow, including meta prompting, comparing outputs across models, and the tools he uses every day to think and build faster.\n\nTry Numeral, the end-to-end platform for sales tax and compliance: https:\/\/www.numeral.com\u2060\n\nSign-up for Flex Elite with code TURNER, get $1,000: https:\/\/form.typeform.com\/to\/Rx9rTjFz\n\nTimestamps:\n0:05 Moving from Winnipeg to California as a kid\n1:35 How YC interviews work\n2:55 The first batch in 2005\n6:46 Why YC moved from Boston to SF\n8:17 California\u2019s Billionaire Tax\n11:00 Tech should care about public policies\n17:01 Going direct to your audience\n20:28 The 2nd Era of YC\n24:01 Rage quitting Palantir, learning to understand himself\n32:41 Co-founder conflict kills most startups\n35:15 Joining YC as a group partner\n37:22 Initialized Fund 1 (55x DPI)\n39:44 Why Garry went back to lead YC\n42:44 YC funds 20% of all $5B+ companies\n44:30 Lessons from Brian Chesky\n48:01 Garry\u2019s thoughts on YC rejection\n51:41 How to get into YC\n58:03 What it\u2019s like inside a 13-week YC batch\n1:02:23 20% of YC is hard tech\n1:05:55 YC's 3rd era: founder mode, re-batching\n1:07:56 Escaping the matrix\n1:11:26 Garry's personal AI stack\n1:20:25 Tech optimism\n\nReferenced\nY Combinator: https:\/\/www.ycombinator.com\nInitialized Capital: https:\/\/initialized.com\nTorch: https:\/\/torch.io\nPerplexity: https:\/\/www.perplexity.ai\nAnthropic: https:\/\/www.anthropic.com\nOpenAI: https:\/\/openai.com\nAirbnb: https:\/\/www.airbnb.com\nKyle Vogt on his new startup: https:\/\/www.youtube.com\/watch?v=XQoFbvyWEy8\nFollow Aaron Levie on X: https:\/\/x.com\/levie\n\nFollow Gary\nTwitter: https:\/\/x.com\/garytan\nLinkedIn: https:\/\/www.linkedin.com\/in\/garytan\n\nFollow Turner\nTwitter: https:\/\/twitter.com\/TurnerNovak\nLinkedIn: https:\/\/www.linkedin.com\/in\/turnernovak\n\nSubscribe to my newsletter to get every episode + the transcript in your inbox every week: https:\/\/www.thespl.it\/","thumbnailUrl":["https:\/\/i.ytimg.com\/vi\/rEwK7MIQ-QA\/default.jpg","https:\/\/i.ytimg.com\/vi\/rEwK7MIQ-QA\/mqdefault.jpg","https:\/\/i.ytimg.com\/vi\/rEwK7MIQ-QA\/hqdefault.jpg","https:\/\/i.ytimg.com\/vi\/rEwK7MIQ-QA\/sddefault.jpg","https:\/\/i.ytimg.com\/vi\/rEwK7MIQ-QA\/maxresdefault.jpg"],"uploadDate":"2026-02-19T11:00:00+00:00","duration":"PT1H23M58S","embedUrl":"https:\/\/www.youtube.com\/embed\/rEwK7MIQ-QA","publisher":{"@type":"Organization","@id":"https:\/\/www.youtube.com\/channel\/UCtgBGZihRzzJnbRU7FPpJJw#Organization","url":"https:\/\/www.youtube.com\/channel\/UCtgBGZihRzzJnbRU7FPpJJw","name":"The Peel with Turner Novak","description":"Join host Turner Novak of Banana Capital exploring the world\u2019s greatest startup stories.\n\nGo behind the scenes into the founding stories of your favorite startups. 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