Content thumbnail #38 Garry Tan

#38 Garry Tan

Founder and managing partner, Initialized Capital

Garry Tan #38 Founder and managing partner, Initialized Capital Garry Tan’s Initialized Capital has more than $3 billion in assets under management, and midway through 2021, it had stakes in at least 10 unicorns. Tan’s early investment in Coinbase paid off last year when the crypto exchange went public with a market capitalization of $85.8 billion. This year, General Motors pumped billions more into Cruise, the electric-vehicle startup that Initialized wrote one of the first checks to. Tan says he looks for founders who are excellent at building and attracting talent. “A founder who is a great builder tends to be a magnet, attracting the smartest people,” he said. “Every startup that can be a billion-dollar company is actually a Schelling point for talent.” With its sixth fund announced in December, the firm said it would no longer limit itself to seed investments and would write checks for Series A and follow-on capital. Source: businessInsider