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The Latest Breaking News from Garry Tan

Jeff Bezos's ex-wife MacKenzie Scott is still worth $33 billion after giving away $10 million a day for seven years, but she once worked as a dishwasher and waitress, earning minimum wage of $4.25 an hour

MacKenzie Scott, a prominent philanthropist, skillfully balances her substantial wealth with a commitment to giving away billions each year. Having endured financial struggles in her youth through low-wage jobs, her life changed dramatically post-divorce from Jeff Bezos when she gained valuable Amazon shares. Scott's unique approach involves providing unrestricted grants…

The Times of India

California Billionaires Are Leaving the State in Response to Proposed Wealth Tax

The wealth tax would discourage investment and likely lower tax revenue for California.

Reason

This CEO Once Said 'No' To Peter Thiel — Years Later, He Had A Face-Palm Moment When That 'Mistake' Cost Him $200 Million In Palantir Equity

Y Combinator CEO Garry Tan once revealed how he once turned down a life-changing offer from billionaire investor Peter Thiel — a decision that, by his own estimate, cost him about $200 million in Palantir Technologies (NASDAQ:PLTR) equity.

Benzinga

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Y Combinator Invested In The Likes Of Coinbase, Reddit And AirBnb, Now Its CEO Has A Serious Warning For Students With A 'Fake It Till You Make It' Motto

Y Combinator chief executive Garry Tan says college entrepreneurs who adopt a "fake-it-till-you-make-it" playbook risk following Theranos founder Elizabeth Holmes and FTX creator Sam Bankman-Fried "straight to jail."

Benzinga

Tech CEO Garry Tan slams college entrepreneurship programs for 'teaching you to lie'—he warns Gen Z students that it could land them in jail

Y Combinator boss Garry Tan warns against the “dangerous” embrace of Sam Bankman-Fried and Elizabeth Holmes by some education programs.

Fortune

New York’s tech elite are melting down over the election of Zohran Mamdani. Is the city destined for a San Francisco-style rebellion?

Tyler Winklevoss and Garry Tan joined in the chorus decrying the victory of the 33-year-old socialist.

Fortune

Microsoft CEO Satya Nadella Praises Palantir's FDE Model As 'Fantastic'—Insiders Say It's Not Consulting, It Builds 'The Product Customers Need'

Microsoft Corp. (NASDAQ:MSFT) CEO Satya Nadella called Palantir Technologies Inc.‘s (NASDAQ:PLTR) Forward Deployed Engineer model “fantastic” at a Y Combinator event, prompting industry debate about the data analytics company’s unique approach to product development.

Benzinga

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Silicon Valley CEO says 'vibe coding' lets 10 engineers do the work of 100—here's how to use it

Silicon Valley’s latest buzzword promises a new era of coding where AI handles the heavy lifting and innovation grows exponentially.

Fortune

Elon Musk makes an admission about the productivity email his group sent to federal workers

Department of Government Efficiency head says he wants to test whether federal employees are ‘capable of replying to an email’

The Independent UK

"There's no evidence scaling laws have begun to stop": Former Google CEO claims AI systems will be 100 times more powerful, leading to new warfare challenges — as Sam Altman reportedly preps for a $1 trillion AI model training run

Former Google CEO Eric Schmidt claims no evidence shows the scaling law has begun, stunting the development of advanced AI models. He says AI models will scale great heights leading to dangers such as cyberattacks and new forms of warfare.

Windows Central

Silicon Valley’s right wing notches victories nationwide and at home

Tech elites scored local and national wins after backing Donald Trump and conservative California ballot measures

The Guardian - US

Inside tech billionaires’ push to reshape San Francisco politics: ‘a hostile takeover’

The Guardian and Mission Local unravel ‘grey money’ network flooding the progressive city with conservative cash

The Guardian - US

Garry Tan says founders ‘have to be in San Francisco’ as Y Combinator ditches Mountain View headquarters for the big city

Y Combinator moved its headquarters out of Mountain View last year.

Fortune

3 takeaways from Y Combinator’s summer startup class

The accelerator’s Demo Day was all about A.I. startups—but a couple of other themes emerged.

Fortune

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Fortune

How the Arm IPO is lining up for its owner—SoftBank

The public offering is on track to be a smaller exit for SoftBank than what a NVIDIA acquisition would have offered.

Fortune

Garry Tan breaks down the key metric in Y Combinator's new list of top startups

The accelerator's focus on net revenue is to "encourage people to build businesses of real, great value."

Asharq Al-Awsat

One of Silicon Valley's Top Banks Fails; Assets are Seized

Regulators rushed Friday to seize the assets of one of Silicon Valley's top banks, marking the largest failure of a US financial institution since the height of the financial crisis almost 15 years ago. Silicon Valley Bank, the nation’s 16th-largest bank, failed after depositors hurried to withdraw money this week…

WEKU

Silicon Valley Bank failure could wipe out 'a whole generation of startups'

The implosion of Silicon Valley Bank could force hundreds of tech startups to lay off workers or shut down completely. It remains unclear how much, if any, of depositors' money will be returned.

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Fortune

Bill Ackman thinks the government should consider SVB bailout

The founder of Pershing Square Capital Management said the collapse of Silicon Valley Bank "could destroy a long-term driver of the economy."

Fortune

Inside Initialized Capital’s next moves as co-founder and star investor Garry Tan steps back

Jen Wolf and Brett Gibson lay out the future of the early-stage VC firm.

People

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