Hi Gary. We went to high school together. I am a software product manager and this is resonating with me. Thanks for the insight and sharing your story. It can be scary to walk away from a big tech company and go in a new direction that may or may not work out. Stories like the one you’re sharing can help inspire and give confidence to someone in a similar position to your 72k example.
@GarryTan
4 жыл бұрын
Thanks for the note Dimas, and great to be back in touch!
@jaymeshooper3855
4 жыл бұрын
@@GarryTan can @Dimas Guevara come and work for/with you on a project together?
@jomakaze
4 жыл бұрын
I turned down Pied Piper :(
@colbycox3422
4 жыл бұрын
I turned down Re-Vine for Not-Vine :(
@TrenBlack
4 жыл бұрын
I invested in Sliceline and now my net worth is 15 pizzas
@shubhambhardwaj2853
4 жыл бұрын
@@TrenBlack and how is pied piper?
@lolvivo8783
4 жыл бұрын
@@TrenBlack Woah, you bros with Joma it seems...haha. You two doing well #BroMePatchup Time heals, or was it staged ;)
@montyi8
4 жыл бұрын
@@TrenBlack I heard you make and buy your own pizza
@idowuolamipeju9575
4 жыл бұрын
Lessons learned: start something new, and don't be afraid of not being "status-quo"
@carlosjosejimenezbermudez9255
3 жыл бұрын
Left Intel almost two years ago, best thing I could have ever done.
@GarryTan
3 жыл бұрын
Congrats on new pastures!
@iraneuso
4 жыл бұрын
As an entrepreneur myself I agree with a lot of the points. But just to note that the product you build at big companies is worth a lot not necessarily because of the product itself but usually because of the current scale of the company distributing it.
@GarryTan
4 жыл бұрын
Yeah you're right, instant scale is a big deal. But it's also a reason why people who work at big companies always underestimate how hard it is to get lots of users.
@soohoonc
Жыл бұрын
This video got me into startups. Freshman year of college I was just introduced to the computer science major and was looking for career advice when youtube algorithm recommended this video. Now 3 years later I gave up my return offer from Microsoft and moved out to SF to build a startup with my friends, thank you Garry for this video.
@xihaowang7546
4 жыл бұрын
I had chances to hold bitcoin when it was less than 10 dollars and back then many people like me had more than 10000 bitcoins, but it is fate that we didn't hold. so always look forward for more opportunities, for me, I bought eth when it was 4 dollars. so guess that was meant for me.
@GarryTan
4 жыл бұрын
I ended up buying bitcoin and Ethereum and being first investor in Coinbase. So you win some and you lose some!
@xihaowang7546
4 жыл бұрын
Garry Tan Yeah I know, I was surprised that you actually have a KZitem channel. I am your fan and have been following you on angelist for years. You inspired me to switch my career from an entrepreneur to angel investor. Wish you all the best and keep safe man
@MichelleStevens-hk2tg
4 жыл бұрын
One of the best decision I have ever made in life was Investing in bitcoins. I wish I had known this earlier.
@alexharrison2406
4 жыл бұрын
Crypto trading is a very lucrative way of making money Online at the moment.
@jimxxh4416
4 жыл бұрын
Wow. I've been looking at trading for a while, is crypto the way to go?
@AverageAngel
4 жыл бұрын
You get few opportunities in life; when you do, recognize them as such and act swiftly and decisively. Thanks for the life lesson, what a crushing lesson indeed
@GarryTan
4 жыл бұрын
It’s ok, it all works out if you are skilled and can make things
@towersroofinginc422
4 жыл бұрын
No better school than the real world. Real life lessons make the best version of our future self.
@oustech4596
4 жыл бұрын
“Don’t make my mistake, make all new mistake?” . I subscribed
@GarryTan
4 жыл бұрын
Haha thanks for watching
@hanaaoujja1701
3 жыл бұрын
"Don't make my mistakes, make all new mistakes" Well damn. That was powerful.
@fabios.29
3 жыл бұрын
This is gold! Getting all this great content for free it makes me feel like I'm stealing. Thank you!
@GarryTan
3 жыл бұрын
Just trying to help with what I messed up!
@sportriot7440
5 ай бұрын
@@GarryTan but you still a billionaire Garry
@masonparis5823
4 жыл бұрын
You turned out that check?! Jesus! Lol. You were out of your mind I would have taken that in a heart beat!!! Glad it all worked out. Great content man keep it up
@GarryTan
4 жыл бұрын
Haha, well, when you're young, you don't know much sometimes.
@colbycox3422
4 жыл бұрын
Valuable lesson learned. Thanks for sharing Garry.
@Elhabibsigmi
4 жыл бұрын
Thanks for sharing your experience Garry. This is so important, especially for young people who dream of working in a big companies and who becomes demotivated when he does not reach this goal.
@GarryTan
4 жыл бұрын
People should absolutely work at the best company they can get a job at, big co or not.
@KOSMOinfinite
4 жыл бұрын
My head exploded when you dropped the numbers on profit per employee for the Tech Giants. Absolutely stunning. Slowly, many folks now realize that equity is what is important versus a great pay package.
@GarryTan
4 жыл бұрын
Well, it's all tech privilege to be honest. I feel lucky as hell to have interest in computers. But now it's also important to figure out how to make new ventures and pay it forward.
@fanwosu
4 жыл бұрын
As a technical founder, I’ve learned so much from you, from the first time I attended your class at YC Startup School. Hope I can share your videos with other founders here in Nigeria? Thanks a lot. You’re a great guy!
@zhengxunwu2060
4 жыл бұрын
The problem is I have to first get a chance to have lunch with Peter Thiel.....
@nicholasstuart9815
4 жыл бұрын
Thanks for sharing! 1:40 was hilarious
@eixiph1637
4 жыл бұрын
Awesome vid man, I’m around 23 and pursuing finance, but it’s really interesting to hear about the startup space and ur journey for sure
@GarryTan
4 жыл бұрын
Thanks Phil! There are a lot of good problems to solve out there.
@eixiph1637
4 жыл бұрын
Garry Tan definitely :) just discovered your channel, subscribed and will be sure to stay tuned! I’m based in Australia not the US (where startups / VC is way smaller) so it’s great to hear your perspective on it all!
@alexkaranja3443
4 жыл бұрын
Thank you for sharing this....it was great but there's a lot of life choices that are really unquantifiable...just luck sometimes.
@GarryTan
4 жыл бұрын
Absolutely!
@Christian0001
3 жыл бұрын
Love this channel! I learned so much and it gave me a lot of perspective, I really appreciate it! Charity with your most valuable asset, knowledge of the tech industry!
@GarryTan
3 жыл бұрын
So glad this was useful and helpful.
@AndrisMerkulovs
4 жыл бұрын
Thanks Gary, just discovered this channel. Looking forward to more insightful content.
@GarryTan
4 жыл бұрын
Thanks and welcome
@armentumhominum9931
4 жыл бұрын
I'm not into IT, but this video was a huge eye opener, there are some concepts here that I never considered. Radical shift in perspective.
@GarryTan
4 жыл бұрын
It's quite hard to start a company or create a new product or service, but it is a very direct way to create new value in the world.
@armentumhominum9931
4 жыл бұрын
@@GarryTan I live in a 3rd world country. Worked 9 years for an American company and for my skills and social background, I had the best job I could aspire to. People were shocked when I quit. I have to follow my dreams otherwise I feel dead. It's been a couple of really hard years since then, but I'm on my way and most important, I feel I'm holding the wheel rather than going on the passenger seat. If I didn't believe that my ideas and goals weren't good not only for me, but for my surroundings I wouldn't risk anything. I truly think I'll make a positive change. Really great video. Thank you.
@chaitanyavaidya7783
3 жыл бұрын
@@armentumhominum9931 a change of location might help
@MegaLadyv
3 жыл бұрын
Thanks for sharing Gary!! Very insightful
@Filaxsan
4 жыл бұрын
Man! Incredible video! You perfectly described the situation with such simple video. Thanks a lot!
@GarryTan
4 жыл бұрын
Glad you liked it!
@daniilorain
3 жыл бұрын
Thanks, very inspirational, you have a good energy!
@web3global
5 ай бұрын
Thanks for sharing, Garry, I believe this single video has saved Billions of dollars till now! 🚀
@CobraTheSpacePirate
4 жыл бұрын
You are not the only one. I am sure that has happened to hundreds of people, maybe even thousands...something also happened to me years ago, turning down a call, related to barracuda software or some other stuff on multiple occasions, later the companies were sold off for like a couple million etc...My old boss will never let me forget it. 'You could be retired now!"
@stevenhamilton801
3 жыл бұрын
Gary I really like your humble attitude money or not, best to you sir
@yonatanbadash
4 жыл бұрын
Great work just Subscribed I bet if you upload constantly you will be a big KZitemr
@GarryTan
4 жыл бұрын
Trying to upload weekly
@sertaoexpedicoes
4 жыл бұрын
Thanks for sharing your story and insights. But the truth is that most of us need and will go trough some kind of low value job/activity to learn skills that are worth millions (like discipline and relating to people). The "secret" is to know when to move to your own project (which is very likely to go wrong, but that is also part of the "script" to success). In fact, there's no rule. It's about making things happen, being pro-active and brave.
@GarryTan
4 жыл бұрын
Very true! None of this happens instantly. By the time this happened to me, I had been building web apps for top brands for about 6 years of my life.
@jhay_vine5083
4 жыл бұрын
Thanks bro. This really helped me. Imma go subscribe now. Hoping for great new content from you..
@GarryTan
4 жыл бұрын
Thanks for the sub!
@JoeWong81
4 жыл бұрын
Good advice bro. You seem like a genuine guy
@GarryTan
4 жыл бұрын
Thanks, just another human on the planet over here
@shalsteven
4 жыл бұрын
How do you survive if you take a risk? We need a safety net first before doing our dream right?
@GarryTan
4 жыл бұрын
Yes it's best to save some money - personal savings is capital for self investment.
@mr.camroe
4 жыл бұрын
I had a dream to do this at one point. But then life hit me and I had to move around a lot. Now I’m kind of stuck still trying to found something, but going really slow with barely any support.
@GarryTan
4 жыл бұрын
Check out Career Karma
@AlansTheory
4 жыл бұрын
ok, you didn't have 200,000,000 and lost them, you never had them, we can all look back and say, if I would have done X differently today I would have x.
@Martinit0
3 жыл бұрын
Some other dude made those $200m. Probably should go and find Palantir employee #10 and interview him
@jonathanfraga3771
3 жыл бұрын
Very valuable tips! Thank you for sharing your experiences.
@MinhMinh-ms5rt
2 жыл бұрын
Ouch. I would love to have Peter Thiel as my uncle and Garry Tan as my big brother.
@keonseon5707
4 жыл бұрын
Masayoshi Son fumbled billions and bounced back, you will too(if you haven't already). Thanks for sharing!
@rajatbansal512
4 жыл бұрын
Lol I cringed so hard , when you said no to Peter lmfao but hey still the 10th employee I guess lol.
@GarryTan
4 жыл бұрын
I'm all good here :-)
@FennecTechStudio
4 жыл бұрын
instantly subscribed! great video
@GarryTan
4 жыл бұрын
Awesome, thank you!
@ComeLeVent
4 жыл бұрын
Don't take risks like that. If some dude comes to me and says '0 risk opportunity' and 'you're wasting your time you have so much potential' and 'it's gonna be amazing' here's what I do I keep my job. People sell stuff all the time.
@rohitdas490
3 жыл бұрын
Thank god, I discovered your channel.
@okeanrose4861
3 жыл бұрын
Good quality videos, good quality advice
@asdfljasdfaklsd1910
2 жыл бұрын
I watch this channel because I like the musical breaks
@markthien
4 жыл бұрын
beware of startup preference overhang
@GarryTan
4 жыл бұрын
Mark Thien this is absolutely something to ask founders and hiring managers about when taking a job.
@markthien
4 жыл бұрын
Garry Tan some interviewers asked and never get 2nd interview anymore 🤣
@dowjones3687
4 жыл бұрын
That’s some great advice right there, thank you
@GarryTan
4 жыл бұрын
Glad it was helpful!
@sarvesh714
4 жыл бұрын
The fact that you even got the opportunity to meet peter is a big thing. Today if i have to pitch my idea to him or even get in touch with his team seems like a herculean task. Anyway at least you are man enough to take the blame...All the best mate.. Don't make the same mistake twice 😂
@GarryTan
4 жыл бұрын
The weird thing is I think back in 2004 far fewer people knew who he was. It's a good reminder though: it's probably more important to work with people who are up and coming than people who are already made.
@kloudytics
3 жыл бұрын
Great video Garry!
@thisismyname9569
4 жыл бұрын
On the bright side, it gave you some material for this video.
@GarryTan
4 жыл бұрын
LOL yes and I use this story all the time to convince people to quit their jobs and join startups!
@giangonzalez3283
4 жыл бұрын
3:27 steve jobs said that, long time ago
@JackLee-th7gu
3 жыл бұрын
Hi Garry, could u share more idea regarding peter thiel that doesn't state in the book of zero to 1 ?
@gadget00
4 жыл бұрын
Garry: "This COST ME 200M dollars" Me: "yeah, right. Its another of those about not been part of a startup but later joind anoth--" Garry: "Palantir today is worth aproxim..." Me: (choked on the piece of bread I was eating) HE SKIPPED PALANTIR?!?!?!? WHAT?? WHAAAAAAA??"
@GarryTan
4 жыл бұрын
😬
@BogartAus
3 жыл бұрын
@@GarryTan so if you joined as employee no 10 later did it still cost you $200m or less?
@cursedcat7567
4 жыл бұрын
I found another hidden treasure! thank you sir!
@GarryTan
4 жыл бұрын
🙏
@netdevilzzz
3 жыл бұрын
"Don't make my mistakes; make all new mistakes" Garry Tan.
@unknownunknown6641
4 жыл бұрын
What is the best way to gain capital for your startup?
@joekim4345
4 жыл бұрын
here from silicon valley girl interview. New to the channel but instantly subscribed immediately.
@GarryTan
4 жыл бұрын
Thanks for watching!
@joekim4345
4 жыл бұрын
@@GarryTan wrote those comments before watching. AFTER watching this first VID. BIG thumbs up! will go through past content soon. thank you!
@htetarkarkyaw1638
4 жыл бұрын
Amazing content for startups!
@zakaria0032
5 ай бұрын
This shows Peter was right about you and he saw how brilliant you are.
@mridulkanti1995
Жыл бұрын
Wait what.. he was the number 10 employee at Palantir. So how was it a mistake?
@chrismackay9268
4 жыл бұрын
I had hundreds of millions worth of BTC (at todays price) but I wasted them all over the years because I never believed in it, I am now working for small tech company here in NZ that has been around for ~20 years but is really going through a startup stage where we are about to raise capital and rapidly scale, except us staff are not receiving equity. I am nearly 30 and need to start a company, and do something for myself but I am an Engineer, not an ideas guy. How do people come up with these ideas for startups?
@VS-TheWorld
3 жыл бұрын
you got a NEW SUB right here buddy.
@GarryTan
3 жыл бұрын
Thank you!
@stevenponte6655
4 жыл бұрын
Do you think everyone has it in them to be an entrepreneur or it takes a special breed?
@pranosai
4 жыл бұрын
700 million dollar mistake now. Palantir is public and has a market cap on 72B
@GarryTan
4 жыл бұрын
~$20B as of this morning but they have big plans.
@trolololololololololololol6124
4 жыл бұрын
Garry Tan 🤣
@kanishqgupta8218
4 жыл бұрын
@03:24 If you don't work on your dreams, someone will hire to build them, originally said by Dhirubhai Ambani (Founder of Reliance).
@GarryTan
4 жыл бұрын
Thanks! I didn't know he said it. It's a good one.
@ajinkyakinhikar
3 жыл бұрын
1:33 - oh boy!!
@sundayvictor4367
4 жыл бұрын
That moment when you have a great startup idea and don't even have 100 dollars 💵 to start working on what could help you raise some money and start working on your idea 💡 smh
@f_r_e_d
4 жыл бұрын
What's your idea? I won't tell anyone
@oneandonlyflow
3 жыл бұрын
@@f_r_e_d lmao
@vicfcs
3 жыл бұрын
Super inspiring video! QQ: how does the number $200m come out? 0.4% equity in early days? But those will get significantly diluted over the course. Thanks Garry.
@mohamedrasvi9341
4 жыл бұрын
The first music is awesome may I know from which song. ?
@alexzil2142
3 жыл бұрын
I have a bit of question. How much do you think one needs to market their app and get it viral. Any thoughts??
@GarryTan
3 жыл бұрын
It’s a lot of work. Never comes easy.
@thomascouch1526
4 жыл бұрын
Great video Gary. Question...What font are you using the video at 3:21 ?
@AyushJain.YouTube
4 жыл бұрын
Great message!
@GarryTan
4 жыл бұрын
Thanks Ayush!
@shreenidhinayak2627
4 жыл бұрын
But google can reach those products much easily than if u build a product urself. For example: if u create ur own maps with all the government transport network data u might have created an amazing product but u will not see most ppl use it because google integrates the maps they build in the google ecosystem. There are thousands of OTT platforms but Amazon easily sells there ott platform by integrating it with Amazon ecommerce. Same goes with instagram where u can create an Instagram id and find ur friends because it is owned by fb so most of ur fb friends are found easily on insta. The problem with startups is that no one knows where they will be in a few years. And everyone is impatient with salaries,bonuses and stock options today. Which creates confusion over creation.
@GarryTan
4 жыл бұрын
You're right that customer acquisition is the main problem most startups face. You compete against the back button and obscurity, not other companies.
@mrgod5139
4 жыл бұрын
Funny that happens to be the way I recruit newbies too
@GarryTan
4 жыл бұрын
Haha, well everyone starts somewhere
@slaveofallah6452
4 жыл бұрын
I like how vending machine offers great income at a minimum cost. Great business idea.
@villqrd
4 жыл бұрын
Agree with everything. But how are you supposed to quit your job and still pay the rent? It can be a few months before you find funding and if you don't have a good cushion or are you supposed to do?
@GarryTan
4 жыл бұрын
Yeah you've got to build a cushion before you start.
@nexusyang4832
4 жыл бұрын
A different kind of Tech Lead.
@GarryTan
4 жыл бұрын
LOL Tech VC
@naslam8609
3 жыл бұрын
What is the start up?
@SecAllTheWay
2 жыл бұрын
Well, you would have learnt how not to be bureaucratic:) When I looked at the initial server setup of Google in its early days, I got scared, they didn’t even tie the cables properly for their network devices, though their search results were extremely fast. Is chaotic working in the early days of a startup reason for several failures, what’s your view? Can there be better structures for ensuring better success rates for startups?
@tvfish
3 жыл бұрын
Lack of vision. Honey moon phase of new career. Happens to many people. Now you know. Go out there and get what you are worth.
@carolinaburns2236
4 жыл бұрын
Safe and sound
@highlow1048
4 жыл бұрын
Thank you
@stevenponte6655
4 жыл бұрын
does that mean you are one of the few people who can actually tell us what Palantir does??? :)
@vaibhavkapoor5793
4 жыл бұрын
Sir , any tips for Non-tech people?
@GarryTan
4 жыл бұрын
Don't label yourself. You're a human! You can be technical. You can be non-technical. Be both.
@shaheelmitra5757
4 жыл бұрын
Great story! How do you think this applies to people with a finance background hoping to do business development?
@GarryTan
4 жыл бұрын
It probably mostly applies to designers, engineers, and PMs.
@shaheelmitra5757
4 жыл бұрын
@@GarryTan thanks for the response! appreciate all of the amazing wisdom on the vids
@sergiyzuev9712
4 жыл бұрын
What’s the source for 1.6m profit per employee statistic? Sources I google paint a very different picture
@arghamondal5875
4 жыл бұрын
It's all about choices
@GarryTan
4 жыл бұрын
So many choices.
@sampeitz4407
4 жыл бұрын
The bigger question is, how do people like Thiel find out who you are & write you a check 😄
@GarryTan
4 жыл бұрын
I will admit getting into Stanford made my life what it is
@sampeitz4407
4 жыл бұрын
Garry Tan that certainly helps skipping a few steps I imagine
@sampeitz4407
4 жыл бұрын
Greg Chase great advice thanks :) i have quit my job & moved back with my parents while I am building my own product. I am a bad employee anyways, so why not try to make something myself :) and I am really lucky that I have super supportive parents that encourage me in all my decision.
@shantoa729
3 жыл бұрын
i have a great idea. but i dont knw how to code. what should i do?
@GarryTan
3 жыл бұрын
Learn to code
@btc1668
3 жыл бұрын
Find a friend who knows how to code and convinces him/her to be your co-founder. That's what my co-founder did. He got me on board with his startup and he codes along. Now he can code too.
@shantoa729
3 жыл бұрын
@@btc1668 thank you very much
@hackbyrd
Жыл бұрын
Well… you never know what actually could have happened if you joined Palantir. You could have been the single reason why they could have failed 🤷♂️ Or your absence could have been the reason or contributed to the reason why they are successful today. Point is, there is no point in regretting the decisions of the past. Just move forward
@shadbinsalam7577
4 жыл бұрын
Hey Garry, what would be your suggestion for a startup in a developing country?
@GarryTan
4 жыл бұрын
Try to build a first version and make it profitable. Investors in developing countries want more traction before they invest.
@alankjohn9263
4 жыл бұрын
Loved it new sub
@GarryTan
4 жыл бұрын
Welcome!!
@chazdawg4340
3 жыл бұрын
Woah u live in Seattle too??
@brigadiergeneral2399
4 жыл бұрын
I lost $3M not buying my aunts brownstone in Brooklyn. Thanks 😊 for making me feel better lol 😂
@GarryTan
4 жыл бұрын
LOL well life is a set of iterative games. So we can learn
@brigadiergeneral2399
4 жыл бұрын
Garry Tan ok I’ll give you one more shot at $200M shoot me an email 📧 at dabrigadier@gmail.com we have a tech startup let’s see if you make the right call or have to create another video like this in a few years.
@mr_phamtastic
4 жыл бұрын
wow palantir just went onto the NYSE too
@amanhanspal5349
4 жыл бұрын
Song name ?
@austinfinance3447
3 жыл бұрын
Love it!
@armanddoma
4 жыл бұрын
I wouldn't be too hard on yourself, Garry. Palantir has worked on some morally horrendous stuff---no amount of money is worth your soul.
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