Hey Garry, I've been in the startup world since I left Apple in 2013 and I have to say, this is one of those rare times I've said to myself: "here's someone the community truly needs to listen to, time and time again." I've only ever had this reaction to PG & Siebel over the years. To be sure, many others have been influential, but very few are as succinct and eloquent with their advice as you are. Wonderful content, here's to your continued success!
@GarryTan
4 жыл бұрын
Wow, that means a lot to me. Thank you. PG put me in the biz and gave me my shot. Michael is a good friend and does amazing work. Lucky to be a part of that.
@davidkuo5702
4 жыл бұрын
another amazing share! love the list of what CEO needs to learn and do! 1. Get people to follow you 2. Hire and manage people 3. Fundraise 4. Drive the vision 5. Conduct the magic symphony
@GarryTan
4 жыл бұрын
Thanks for watching!
@ryN45678
4 жыл бұрын
I always envisioned myself wanting to be a ceo, but after my first startup experience I’m not so sure. There’s a million problems they get tasked with that I just don’t care about. Domain leader life for me, I want to stay closer to the product
@GarryTan
4 жыл бұрын
Know thyself!
@beckiberumen3185
4 жыл бұрын
Thank you for framing it as "needing agency" rather than "power hungry." Watching other people screw it up drives me up the wall!
@GarryTan
4 жыл бұрын
Well it’s the one place where the perspective matters :-)
@readmycomment3157
3 жыл бұрын
Its such a good perspective to take on it. Agency is where the magic is, its where amazing things come to life and should be encouraged in ourselves and our leaders.
@kelipyap
4 жыл бұрын
Definately the channel to come for the... Real Lessons 👍 Thanks Garry
@GarryTan
4 жыл бұрын
Thanks for watching
@brycent
4 жыл бұрын
Garry just continues to drop gems repeatedly, thank you again for another insightful video.
@GarryTan
4 жыл бұрын
Thank you so much!
@brandantang9154
4 жыл бұрын
Another great video! Thanks Garry. I wished this video was around for my x-cofounder to see when he argued to have equal decision making at every level. It hindered the company until it eventually suffocated and died. It was a great lesson for me.
@GarryTan
4 жыл бұрын
Thanks for sharing. That must have been a hard experience.
@addyadd803
4 жыл бұрын
It's great that KZitem suggested me this video, i was conflicted whether i should be CEO or let my partner take the position..but deeply somewhere in my heart i want to grab that position. And you made me finalise my decision....and can you make a detail video on responsibilities of CEO...
@GarryTan
4 жыл бұрын
Glad it was helpful!
@jonylopez215
4 жыл бұрын
Man, I recently discovered your channel, and feel nice to hear advice from a person that actually made a company and not just a random guru on the internet. thanks!
@GarryTan
4 жыл бұрын
Nicest thing you could say 👌
@thorstenreitz7302
4 жыл бұрын
Just discovered these videos today, and they are seriously awesome. I'm a founder five years into my SaaS startup journey and they really resonate. Thanks a lot!
@GarryTan
4 жыл бұрын
Glad you like them!
@herrislatorre06
4 жыл бұрын
My type of quarantine netflix. Thanks for the videos again!
@GarryTan
4 жыл бұрын
Glad you like them!
@marvhan888
2 жыл бұрын
Thanks for your kindness to share Garry
@zapshoe3530
3 жыл бұрын
I really like your videos. You make me think about things in a certain way. I feel more confident to do it.
@GarryTan
3 жыл бұрын
You can do it!
@marcgruener9005
4 жыл бұрын
Really enjoy the format of the videos, starting with a personal story that sets the scene in a super quick, elegant, and straightforward way. Thanks for sharing your experiences!
@ranveerchoudhary7495
4 жыл бұрын
This is been a great videos. It will be great if you can make an video on "how to find an co-founder". How to get a best fit person, compassionate same as you.
@ranveerchoudhary7495
4 жыл бұрын
BTW I loves your video's ♥️
@GarryTan
4 жыл бұрын
Great suggestion! Thanks for watching.
@khaldonevans4295
4 жыл бұрын
This is a really good message. I always believe I should be a CEO because I always feel there is a better way of doing things. Just haven’t taken the leap yet to become one.
@GarryTan
4 жыл бұрын
It's a personal choice and only you can be sure!
@bjornelenfors2039
3 жыл бұрын
Really great lessons here.
@OmerAbashar
2 жыл бұрын
Thank you so much Gary, this information is pure gold.
@mathisrenier
3 жыл бұрын
Very informative. Thanks for sharing your experience Garry!
@shivamkaushik7589
4 жыл бұрын
Just discovered your channel today, thanks for dropping so much value through these videos 🙏
@GarryTan
4 жыл бұрын
Glad you like them!
@graycash3483
3 жыл бұрын
I had to have this conversation with myself as well. I did not want the title but if I did not take it. I knew the values and vision for my company would not come true. We might still be successful but lack the hole reason other than money why I wanted to start a company in the first place.
@husainzaidi
4 жыл бұрын
The real Guru! Hope to see more videos/ masterclasses. Love them!
@GarryTan
4 жыл бұрын
New videos every week
@munaalamudi9975
4 жыл бұрын
You are a star Garry, thx for sharing 👌👏👏👏🌹
@GarryTan
4 жыл бұрын
Thank you kindly
@bingbongcentralhq
4 жыл бұрын
Damn, you're better than my therapist! I founded a company 6 years ago and recently rolled out of leadership. I am really struggling with being a COO. For every reason you named.
@GarryTan
4 жыл бұрын
Well, you're not alone :-)
@undergroundkid8337
3 жыл бұрын
Great format this time I followed
@OgolordIntl
3 жыл бұрын
I just love love the way you explain things❤👍
@adavidov
4 жыл бұрын
Thanks, again, @gary - another fantastic, thoughtful video.
@GarryTan
4 жыл бұрын
Glad you enjoyed it
@ryanm8517
4 жыл бұрын
Thanks man, I appreciate that
@GeeTadpole
4 жыл бұрын
I loved this. - brb binge-ing all your content.
@markambrus3237
4 жыл бұрын
Hi Garry! As a startup owner, I find your channel one of the best (if not THE best) out there. The videos are short, on the point and relevant. I am currently thinking about getting VC investment. I would need about 100-300k USD for the following 12 months to scale my business. As you can see, that range is huge, and it would only cover the expenses of a year. Can you do a video about how much money you should ask for and for how long? Is this a negotiation process like in an Egyptian market, or you either get what you ask or don't? Do the financial plans in Excel and the ratios (like burn rate) matter, or not, and the founders should only focus on increasing the value? Do VCs care about profitability or only growth potential? I would have a lot more questions, but these are the ones that I feel the most important. Hope to hear from you either as an answer, or in a video. Anyway, keep up the good work with your channel Best wishes,
@GarryTan
4 жыл бұрын
I would work backwards from the outcome that will get you to a seed investment.
@Derrick_Mutuma
2 жыл бұрын
On the growth VS profit question. This might help kzitem.info/news/bejne/wH-c2omZi2llrI4
@binod8720
4 жыл бұрын
Tan I have learned a lot from you. Thank you so much for giving solid tips for budding entrepreneurs like us. One can hack a lot from all these valuable tips.
@mihaistoicescu6326
3 жыл бұрын
Really really great content. Do you have any in depth videos about the subject “Conduct The Magic Symphony as a CEO” ? I’m really interested in learning more about this. Thank you in advance!
@blitzio
4 жыл бұрын
Good advice and well articulated Garry, thanks for sharing your wisdom and experiences with us 🙏
@mislavjuric9775
4 жыл бұрын
Nice vid Garry! I've been with you from the early days, great to see your channel grow. May I suggest a topic for a video (or an interview with someone who's done it): How to start a one-person business from anywhere in the world (i.e. SaaS business)?
@GarryTan
4 жыл бұрын
Thanks for the idea!
@mislavjuric9775
4 жыл бұрын
@@GarryTan Thank you for reading the comments.
@andrewm.kchege2016
4 жыл бұрын
I totally understand and relate to these challenges of being a C.E.O of my enterprise startup.. Great advise to Entrepreneurs to consider. I think you did a great job to start your own VC firm after Y-Combinator...I know the sky is just a glass limit to your success... How can I apply for seed funding for our large-scale healthcare data management funding system from your organization? Keep this great content flowing...
@thoththeatlantis3379
4 жыл бұрын
thanks Garry
@GarryTan
4 жыл бұрын
Thanks for watching
@dannyc8008
4 жыл бұрын
Right on. Good shit.
@GarryTan
4 жыл бұрын
Thanks for watching
@akashtale7513
4 жыл бұрын
Keep it up mate ,doing a great job .
@seongjunko8835
4 жыл бұрын
May I ask what are the camera lighting and audio device you used? Thanks!
@ansha2221
4 жыл бұрын
Thanks for creating great content and telling the truth.
@GarryTan
4 жыл бұрын
Just trying to tell my truth as I see it. That's the best I can do.
@KrisTheCodeManDude
4 жыл бұрын
Wow, This video reminds me of when my wife says “We should be a team”.
@vinoskanthavarathan4797
4 жыл бұрын
awesome video
@GarryTan
4 жыл бұрын
Glad you enjoyed it
@vinothskanthavarathan8149
4 жыл бұрын
@@GarryTan It definitely helped me and our team - thank you for that.
@USDMstablecoin
5 ай бұрын
Really digging this content.
@samirsuleymanov2099
10 ай бұрын
What if I'm in a situation that I'm the CEO, developer, designer, engineer of my infant startup? I can't afford to hire people yet and I can't attract investors because it's wrong to do all myself in this stage?
@swisstrader
4 жыл бұрын
SAP just tried the Co-CEO after McDermott left to go to ServiceNow....that arrangement failed after just a few short months.
@kashyapisingh5101
4 жыл бұрын
In what project or startup or business you are working on now
@joielugard3001
4 жыл бұрын
Please how do you recruit good colleagues for your startup. Thanks❤
@alvachan88
4 жыл бұрын
stating the obvious here but more often than not, the correct answer isn't any of the options given, but whether you choose an answer. investors want to know if the founder(s) are decisive. they just want to know that when an issue arises, a system of how to react is in place. this includes getting asked a question by an investor. even if you and your cofounder agree on having equal authority, you wouldn't get tripped if you were prepared for this question and you agreed on an answer to give. once you secure the funding, you can do things however you want in your office.
@GarryTan
4 жыл бұрын
While this is true, it still doesn’t solve the core problem. Getting investor money is just one step in building the business and good investors are aligned with your success. It’s dangerous to treat investors like they are just a check mark to get on your path.
@arijitm24
4 жыл бұрын
Thanks for this video
@GarryTan
4 жыл бұрын
Most welcome
@mikvairk9980
3 жыл бұрын
Great content Garry! I am an entrepreneur myself and sometimes we need to hear this kind of things. You just won a fan. Will try to connect via Linkedin. Keep it up
@reonhiruma1935
4 жыл бұрын
Such a great good content as always !
@GarryTan
4 жыл бұрын
Glad you think so!
@isaacmujuni5196
4 жыл бұрын
Can't wait
@kranthikatamneni4151
4 жыл бұрын
Valuable
@bls512
4 жыл бұрын
What does it take to pitch to Gary?
@MrDaveSmith
4 жыл бұрын
Hi Garry! Love your videos! I just want to ask a question on searching for partners. I am currently looking for a tech partner who will share my vision and work with me to make my idea come to life in to an online platform. Do you think it is a good idea to build a prototype webpage/app via online platform like SKETCH and pitch to potential independent software engineers/developers? Many thanks for your time and attention!
@ricardoalkazzi9730
4 жыл бұрын
Hey Garry, I been watching your videos for a while (instead of preparing for my year 12 exams in 2 weeks) and gotten a lot of advice from you. I really inspire to take a software company to IPO in the future. I will be enrolling in a software engineering course next year here in Australia so I'd love to have some advice from you in terms of how to find investors outside the big startup cities like Silicon Valley and so. Also any books you'd recommend for me to read? I've read rich dad poor dad, intelligent investor and zero to one. Thanks in advance.
@jcangel92
3 жыл бұрын
The man
@subhaskadam6161
2 жыл бұрын
who edits your videos?
@GarryTan
2 жыл бұрын
Chris Hall Productions
@nathannguyen3795
3 жыл бұрын
Thank you so much, Garry! I've learnt a lot from your channel! Are you interested in Canada-based startups?
@areebkhan519
3 жыл бұрын
How can 8 contact u brother
@Surendra_Babu_Vunnam
4 жыл бұрын
You can some how take the role of chairman and let other co-founder be ceo
@androidgamers6276
4 жыл бұрын
Pleace Read I need your help 🙏😖 I live in Sri Lanka and Iam 20 I hope to learn programming (web devaloping ) so as a sri lankan is it posible to get a (remote) working job from a another country (U.S)... I cant find a job because in sri lanka degree is a thing (asiya).. I am studying for A/l exam currently Subjects --bio , phycis , chem It is my 2nd shy 1st shy my resalts was s,s,s ... I am not sure what will be the resalts this time ( there are 3shy/3 attempts for A/L in Sri lanka 500000 students are sitting for the exam each time only 1000 are qualified for university ) I have no money or a home almost Watch all your videos and love them thank you for making these videos and giving us the knowledge Can you plz give me some advice . Can i get a remote working job as a sri lankan A grate fan -- Shalitha
@fightersofafreeworld7669
4 жыл бұрын
Hello, I was looking for a way to contact you through the Initialized website, but I couldn't find a contact form or anything related. If you could advise how to get in touch with you and the team, I'd appreciate the opportunity of presenting to you a business plan for our startup. Thank you in advance!
@CarmelleCodes
4 жыл бұрын
you’re getting picked up by the algorithm! this was randomly recommended to me and i really enjoyed it
Really great video, youtube decided for a week straight that I needed to watch this video and I'm glad I did.
@GarryTan
4 жыл бұрын
Thank you for watching! 🙏
@FabioTheGreat
4 жыл бұрын
helloyassine Your comments are in almost every video I watch.
@corleroux
4 жыл бұрын
The same happened with me. Glad I watched it as well and thanks for making these videos Gary
@kapambwekapambwe4131
4 жыл бұрын
helloyassine .....bro, drop more videos on the 48 laws of power series. those episodes were amazing
@lourensed
4 жыл бұрын
The second episode in the "both" saga!
@GarryTan
4 жыл бұрын
Yes, it keeps happening to me LOL
@lifethrownoutofthewindow
4 жыл бұрын
Elon Musk: *cutting nails while listening to this*
@albertotensai
3 жыл бұрын
Like Elon would ever click on a video like this :p
@wilfordmadyira1898
4 жыл бұрын
The bad thing is that youtube have a like, otherwise i love your content. Thanks Gary for sharing your experiences.
@GarryTan
4 жыл бұрын
I appreciate that
@nassifchedrawi8133
4 жыл бұрын
Great perspective! First-time founders who are also friends will have initial problems differentiating between their friendship and business relationship. This will also make picking one CEO much harder. Having an open and sometimes uncomfortable discussion around who will fill the CEO role (and why) should be something founders do very early on.
@GarryTan
4 жыл бұрын
Yep, gotta get it out there, don't just avoid the conflict.
@aman9267
4 жыл бұрын
"You may not be interested in authority, but authority is interested in you."
@GarryTan
4 жыл бұрын
It's true! Same for politics too.
@jozefpetro7764
4 жыл бұрын
Garry, thanks! The timing of this one is perfect, exactly what I’m dealing with for the past weeks.
@GarryTan
4 жыл бұрын
Good luck Jozef, it's a tough topic to get right. It's important for you to think through what is right for you and the team.
@jozefpetro7764
4 жыл бұрын
Thank you for your reply! I never had a mentor and watching your videos feels like having one. Looking forward to more and wish you all the best:)
@RevenueSharePartner
4 жыл бұрын
*Why don't founders hire ceo so that they can have freedom if they want and still be in authority since they are the founder*
@GarryTan
4 жыл бұрын
That does sometimes happen later.
@blyat7276
4 жыл бұрын
example; ebay
@niraliruparelia7921
4 жыл бұрын
Example Google
@benemma5602
3 жыл бұрын
You and your Co-founder did manage to say "both" at almost everything when starting out didn't you Gary😅? Albeit you did turn out great and one of me role models you probably don't know about.
@GarryTan
3 жыл бұрын
Thanks Ben!
@JamesLee-em6eg
4 жыл бұрын
Once again "BOTH" :-(
@GarryTan
4 жыл бұрын
Haha, yes, I keep doing that.
@ekryski
4 жыл бұрын
Felt like you were speaking right into my soul there Garry. About once a quarter I ask myself this same question "why do you want to be CEO?". If I'm honest, it's because I like steering the ship. Even if it means that right now, I'm watching this vid, while eating dinner, and taking a break from reconciling our accounting and will likely commit some late night bug fixes. It's not all glamourous but I think you nailed it when you said it's about "agency".
@GarryTan
4 жыл бұрын
It’s important to know what you really feel.
@ekryski
4 жыл бұрын
@@GarryTan well, I can tell you that I do not feel passionate about accounting and would rather be building... but someone's gotta do it. 🙂
@ekryski
4 жыл бұрын
Keep the great content coming! Been a long time Twitter follower, really enjoying this new series.
@AskSebby
4 жыл бұрын
Request for Topic: "Which side of your marketplace is more important? Both is wrong."
@GarryTan
4 жыл бұрын
Hm good one, will think on it!
@victorxu9634
4 жыл бұрын
@@GarryTan Generally speaking the demand side. People generally are lot more open to making money than to spending money. For marketplaces where the seller makes no money, like Uber, sell a dream.
@usermusicej
4 жыл бұрын
That'd be a great video
@SamsonOng
3 жыл бұрын
One of the sides will be the key asset that will drive growth/adoption of the other side. For Uber's case, oversupply is their core driver of growth. Having an oversupply will enable them to drive waiting time for consumer down to the lowest possible, which is one of the values that consumers are paying for. This is not awfully obvious at a glance, and it really requires a deep understanding of market dynamics to make meaningful assumptions.
@preetamdas3495
4 жыл бұрын
I read this story in his book HARD THINGS ABOUT HARD THINGS
@GarryTan
4 жыл бұрын
It's a great book
@preetamdas3495
4 жыл бұрын
Yes sir, thank you to reply
@ReflectionOcean
Ай бұрын
Quiz By "YouSum Live" 00:00:18 What mistake did the speaker make during the pitch? 00:01:54 Why is having co-CEOs problematic? 00:02:40 What realization did the speaker have about being CEO? 00:04:49 What should one consider before becoming a CEO? 00:05:10 What skills are essential for a CEO? 00:05:20 Is being a CEO suitable for everyone? 00:06:00 What advice does the speaker give about self-awareness? Quiz By "YouSum Live"
@siobhanquinn
4 жыл бұрын
Hey Gary! Great to see you on KZitem :) I work here now. Excited to follow your channel
@GarryTan
4 жыл бұрын
Hi Siobhan!! Great to see you here. KZitem has incredible reach in society so glad to see you there fighting the good fight.
@siobhanquinn
4 жыл бұрын
@@GarryTan :) let me know if you need anything.
@linsthankachan5506
4 жыл бұрын
It's just ....so true everything you are saying....I just started looking at your videos...now ...please do more...i'm a ceo of a small startup...from India..
@GarryTan
4 жыл бұрын
Thanks for your note!
@GrowWithWill
4 жыл бұрын
Salesforce was one of the latest large cap companies that tried the ol' co-CEO idea. It just complicates things. Within our org, we have two co-leaders -- it has worked great for the past few years but now we're transitioning out of it as the business has different needs now.
@GarryTan
4 жыл бұрын
Yep and investors definitely generally avoid teams that can't figure it out.
@GrowWithWill
4 жыл бұрын
@@GarryTan Honestly pretty shocked Benioff tried the arrangement for the time they did it. Just seems out of character.
@ferddoesweirdthingsinlife1040
3 жыл бұрын
Hey Garry! I loved your video and I wasn’t sure if I heard this in the video or not, but how if more than one co-founder wants to be CEO, how would you be able to resolve that?
@blakemccorkle18
4 жыл бұрын
I'm glad I saw this - I'm not at this key decision point in my startup - I'm simply spending time with a potential co-founder. But I feel good knowing my instincts seemed to be point - I don't care about the limelight or being in charge, I love the design and building process - but as Garry says, you need to be able to "steer the ship." I definitely appreciate Garry is willing to share his "tough lessons" of the past. Thank you!
@GarryTan
4 жыл бұрын
There are many paths to many destinations.
@pudgypooh
4 жыл бұрын
Had a meeting with business partners and that question came up i immediately said it should be me and they all agreed 👍 💯
@GarryTan
4 жыл бұрын
Nicely done!
@MariaAndersenCrypto
4 жыл бұрын
I love your videos 👍🏻👍🏻👍🏻
@GarryTan
4 жыл бұрын
Thanks Maria!
@prabhatkumar-eg2rg
4 жыл бұрын
Never repeat my mistakes. Create new mistakes.
@GarryTan
4 жыл бұрын
LOL hopefully
@holdingspace
3 жыл бұрын
True! Im presently a senior in uni and Ive spent 3 years out of four as a student organization’s president for two different orgs. Most presidents only get there in their fourth and final year. Less than 1% of the student body can be a president. In my third and fourth year I ran the same org and I think I had polar opposite styles. In the first year as President of my second org, I was extremely hands on and I think I ended up micromanaging. In my second year, I became hands off and let my Vice Presidents work their magic. In the first year, I was ‘the way’ and in the second year I got out of the way. I dont know if I should be happy or sad that its like this now. On one hand, I’m freer to steer the org towards its vision but on the other hand I feel less in control. I suspect I may have a control issue but I keep it at bay because our members are getting so much more from the organization. I had to learn that no man is an island and that I have to rely on others. Glad to finally have gotten it right on my third try. Its hard to tell if you are the most frustrated when shit hits the fan when you’re surrounded by compentent people meaning that shit rarely hits the fan and when it does, its often handled before they tell you about it.
@GarryTan
3 жыл бұрын
This is the ever present trade off.
@aadityaajikumar1846
4 жыл бұрын
@Garry Tan, great content! when i have conversations with potential users, stakeholders, advisors, friends about my startup, they ask me what my "secret sauce" is, and personally, I don't believe in the need of a secret sauce for as long as problem-solvers remain problem and user focused with market as context. Would love to know your views on this general advice or question raised by people.
@suffsyed
4 жыл бұрын
Garry - your production quality has a hockey stick graph :) Goes without saying, ideas have always been bang on ;)
@GarryTan
4 жыл бұрын
Thanks Suff! Appreciate you
@PolinomPolynets
4 жыл бұрын
Hey Garry, Thanks for your work, it's really helpful. We just about to make this mistake. So much valuable information condensed in these short videos.
@GarryTan
4 жыл бұрын
Glad it was helpful!
@coelhocointech9841
3 жыл бұрын
I had a hard time letting go of coding, I loved the feeling I’d get when getting into a zone of prolific productivity and creativity
@victorsuarez3
2 жыл бұрын
I am afraid of losing my technical skills. It's a dilemma.
@forgiatogoup
Жыл бұрын
And now he's CEO of YC, wow.
@Godbae
4 жыл бұрын
I AM C.E.O
@James_C_Park
3 жыл бұрын
Always love your video, I was just wondering how can Peter Thiel and Alex Karp be able to be so successful in an I.T. firm when they had different majors in their university? I was just wondering where they learn tech knowledge from...Thanks!
@GarryTan
3 жыл бұрын
Smart people don’t need a degree or a program to learn things.
@shamhisham3702
4 жыл бұрын
Great content 👌..... I learned a lot from you than others on KZitem.
@DXAHN
4 жыл бұрын
You have to choose your role and do what you need to do. Being CEO is very different from other roles and it isn’t for everyone. Take on the role that will best help the business and if that means being the CEO to steer the ship, so be it, even if “you don’t want it.” If you should be the CEO, be the CEO.
@GarryTan
4 жыл бұрын
Absolutely
@hkccp
Жыл бұрын
That’s ducking true
@joao__nm
4 жыл бұрын
dude this is really good. Thanks!
@GarryTan
4 жыл бұрын
Glad you like it!
@desislavasheinova179
4 жыл бұрын
This video was published at the right moment. Thank you so much!
@GarryTan
4 жыл бұрын
So glad!
@MrJjthecronfan
4 жыл бұрын
Your putting out absolute gold ! Its go good I want to keep it all to myself and not share this , But I am a giver and know this will help you . I EVEN HOPE I DONT HAVE TO COMPETE WITH ONE OF THE FOLKS WHO HAS SEEN YOUR VIDEOS. Thanks mate ! keep posting.
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