My $200 million startup mistake: Peter Thiel asked and I said no

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  • Опубликовано: 17 окт 2024

Комментарии • 599

  • @jomakaze
    @jomakaze 4 года назад +957

    I turned down Pied Piper :(

    • @colbycox3422
      @colbycox3422 4 года назад +20

      I turned down Re-Vine for Not-Vine :(

    • @TrenBlack
      @TrenBlack 4 года назад +69

      I invested in Sliceline and now my net worth is 15 pizzas

    • @shubhambhardwaj2853
      @shubhambhardwaj2853 4 года назад +1

      @@TrenBlack and how is pied piper?

    • @lolvivo8783
      @lolvivo8783 4 года назад +2

      @@TrenBlack Woah, you bros with Joma it seems...haha. You two doing well #BroMePatchup
      Time heals, or was it staged ;)

    • @montyi8
      @montyi8 4 года назад +3

      @@TrenBlack I heard you make and buy your own pizza

  • @oDiProductions
    @oDiProductions 4 года назад +219

    Considering this was back in 2004, I actually don’t blame you one bit. It’s a great point you made about concern over whether Google was even going to make money (considering it started as just a research paper in the ivory tower of academia). Back then, you still had to build and manage your own server farm (early FB days). People have it SO much easier these days with cloud computing. Hindsight is 20/20 and 10 years in the tech space can feel like 100 years in “normal” time lol. Who can predict 100 years from now?
    PS. So glad to find your channel. Please share more as quality info in the VC/startup space is rare on YT and a real treat to learn. Notifications on!

    • @GarryTan
      @GarryTan  4 года назад +17

      Thanks for the thoughtful note. Hope we can get some real idea exchange going here.

    • @oDiProductions
      @oDiProductions 4 года назад

      Garry Tan Onwards and upwards! PS. Merry Christmas

    • @HectorGarcia-kg5kg
      @HectorGarcia-kg5kg 4 года назад +1

      Thank you for sharing your story, Garry. Forgive my hasty interruption, but Odi is a snake oil salesman. He preys on the weak, poor, and vulnerable by selling them outrageous ($2000+) courses. There's an amazing YT creator that is tackling the disturbing problems in the "Internet Guru" space. Odi is featured in this video: ruclips.net/video/gVE2jsaavnA/видео.html. And here's a link to the channel: ruclips.net/channel/UCFQMnBA3CS502aghlcr0_aw.

    • @AVL-Tree
      @AVL-Tree 4 года назад +2

      @@GarryTan Oof you're dealing with a Contrepreneur right there.

    • @adedotunadagbada16
      @adedotunadagbada16 4 года назад

      Mr Roland definitely has a legion of bots.

  • @todayu
    @todayu 4 года назад +110

    “If you don’t work on your dreams, someone will put you to work on theirs.”
    What a quote! And so true. 03:25

    • @GarryTan
      @GarryTan  4 года назад +3

      Thanks for watching DJ Jack!

    • @Luumuvaris
      @Luumuvaris 4 года назад +1

      The Dream Chaser: If You Don't Build Your Dream, Someone Will Hire You to Help Build Theirs
      Book by Tony Gaskins
      It's something everyone should be thinking about. Great idea!

    • @todayu
      @todayu 4 года назад +2

      Jari Laakso Purchased!

  • @dimasguevara
    @dimasguevara 4 года назад +25

    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
      @GarryTan  4 года назад +11

      Thanks for the note Dimas, and great to be back in touch!

    • @jaymeshooper3855
      @jaymeshooper3855 4 года назад +1

      @@GarryTan can @Dimas Guevara come and work for/with you on a project together?

  • @kataiho4405
    @kataiho4405 4 года назад +46

    LOL this is so relatable. "I think I'm going to get L60 next year" literally me. Thanks for the great content.

  • @brandantang9154
    @brandantang9154 4 года назад +15

    Gary, thanks again for another great video. After 15 years, I exited my career job to pursue entrepreneurship (startup). It's tough, but I'm not giving up. Your videos are among the few voices that keep me focus and trot forward. If I ever get to meet you, I'd like show you my mvps and vision. Who knows, you might like it, especially now, it helps limit workers and customers exposure to Covid-19.

    • @GarryTan
      @GarryTan  4 года назад +2

      Oh you can DM me on Instagram.

  • @dcflow7859
    @dcflow7859 4 года назад +4

    Your channel should have millions of subscribers. The value at which you provide information is absolutely incredible. Thank you so much!!!

    • @GarryTan
      @GarryTan  4 года назад +2

      Wow, thank you!

  • @soohoonc
    @soohoonc Год назад +1

    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.

  • @idowuolamipeju9575
    @idowuolamipeju9575 4 года назад +33

    Lessons learned: start something new, and don't be afraid of not being "status-quo"

  • @carlosjosejimenezbermudez9255
    @carlosjosejimenezbermudez9255 4 года назад +35

    Left Intel almost two years ago, best thing I could have ever done.

    • @GarryTan
      @GarryTan  4 года назад +3

      Congrats on new pastures!

  • @dinero474
    @dinero474 4 года назад +3

    Just graduated. I got a job at a big e-commerce company for 7 months and using that money to fund my app (MVP prototype) in a 32+ billion market estimated to be 80 billion in 2025 (info from different sources). Can’t wait! I’m sincerely thankful for you to share your knowledge.

    • @GarryTan
      @GarryTan  4 года назад

      The big thing is to get initial users and try to get growth!

  • @PocketInfinite
    @PocketInfinite 4 года назад +7

    Thank you for sharing your mistake. Most would feel too ashamed to even discuss it within close circles. Your story reminded me of Tim Cook's experience when joining Apple. He was working at Compaq, good position, good pay, but still left a plush job at one of the world's largest computer makers to join Apple, which was at the time on the verge of bankruptcy. He simply joined because he saw a visionary leader in Steve Jobs and decided to "go west".
    Thanks for sharing your story! I breathed a sigh of relief when you mentioned that you eventually ended up joining Palantir as the 10th employee.

    • @GarryTan
      @GarryTan  4 года назад

      There are many paths!

  • @AverageAngel
    @AverageAngel 4 года назад +3

    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
      @GarryTan  4 года назад +1

      It’s ok, it all works out if you are skilled and can make things

  • @ArnoldGelacio
    @ArnoldGelacio 4 года назад +5

    Great story, Garry! Thanks for sharing. After co-founding two startups that have failed, I'm now working on launching my third startup. Cheers to trying to get it right. 🍻

    • @GarryTan
      @GarryTan  4 года назад +2

      Good luck on this one Arnold!

    • @ArnoldGelacio
      @ArnoldGelacio 4 года назад +2

      Thanks, Garry! I'll take all the luck I can get.

  • @archywillhe1379
    @archywillhe1379 4 года назад +2

    love the aesthetics! Very well crafted. it is videos like this that encourages people to be more start-up minded. On the other hand it will be very interesting if we can somehow get the stats on the conversation rate over say a year about how many % of people who watched the video switched to be more start-up centric e.g consuming more start-up related news, videos, etc

  • @davyjetson
    @davyjetson 3 года назад

    One of the most HONEST videos on any platform

  • @pokegan52
    @pokegan52 2 года назад

    Dude these videos are legendary. I’m watching your stuff beyond YC app related things. Hope we can talk with you when the time is right!

  • @xihaowang7546
    @xihaowang7546 4 года назад +56

    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
      @GarryTan  4 года назад +9

      I ended up buying bitcoin and Ethereum and being first investor in Coinbase. So you win some and you lose some!

    • @xihaowang7546
      @xihaowang7546 4 года назад +2

      Garry Tan Yeah I know, I was surprised that you actually have a RUclips 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
      @MichelleStevens-hk2tg 4 года назад +1

      One of the best decision I have ever made in life was Investing in bitcoins. I wish I had known this earlier.

    • @alexharrison2406
      @alexharrison2406 4 года назад

      Crypto trading is a very lucrative way of making money Online at the moment.

    • @jimxxh4416
      @jimxxh4416 4 года назад

      Wow. I've been looking at trading for a while, is crypto the way to go?

  • @eytantube
    @eytantube 4 года назад +2

    Love that you are doing this, thanks for paying it forward.

  • @iraneuso
    @iraneuso 4 года назад +10

    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
      @GarryTan  4 года назад +6

      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.

  • @fabios.29
    @fabios.29 3 года назад +3

    This is gold! Getting all this great content for free it makes me feel like I'm stealing. Thank you!

    • @GarryTan
      @GarryTan  3 года назад +1

      Just trying to help with what I messed up!

    • @sportriot7440
      @sportriot7440 6 месяцев назад

      @@GarryTan but you still a billionaire Garry

  • @Zachary-Daiquiri
    @Zachary-Daiquiri 3 года назад +1

    After graduating from college 3 years ago I immediately became soft. I've spent so much time worrying about what mistakes id make that I never took any chances at all. I'm done with that. Thank you so much for your advice.

  • @kkoushikbhat6511
    @kkoushikbhat6511 4 года назад +2

    Thank you, I am just 19 years old and your advice will help me to sustain my entrepreneurial mindset. Love from India

    • @GarryTan
      @GarryTan  4 года назад

      That's awesome. It will be very useful later.

  • @joewu4386
    @joewu4386 4 года назад +12

    What a legend Peter Thiel is - to write that check takes big balls

    • @GarryTan
      @GarryTan  4 года назад +8

      I always really respected this about him. It was incredible conviction about the startup.

    • @samuelnoha490
      @samuelnoha490 4 года назад +1

      Balls of steels!

  • @cliftonmanneh28
    @cliftonmanneh28 4 года назад +3

    Great to hear this from an inspirational, thoughtful leader such as yourself. I am about to graduate college but I have also started an edtech startup marketplace.

    • @GarryTan
      @GarryTan  4 года назад +3

      Congrats on taking the plunge. The key thing is to keep making the product better and always ask what your customers want, and just deliver it. A tight loop on that will produce fruit.

    • @cliftonmanneh28
      @cliftonmanneh28 4 года назад

      Garry Tan what does initialized look for in a startup and at what stages do you guys cut the check. Agree we have 400 customers signed up for our funnel site as our site is being built.

  • @valdisgerasymiak1403
    @valdisgerasymiak1403 4 года назад +10

    I have started my own startup - I need to share this video with my friends. In Ukraine, there is a strong culture of working in a big company, not working in the startup - people don't believe that this equity could be valuable - no good examples.

    • @GarryTan
      @GarryTan  4 года назад +9

      It’s tricky, because most startups fail. I guess the trick is to not be “most startups.”

    • @YoungDen
      @YoungDen 4 года назад

      That's actually good advice Garry

  • @towersroofinginc422
    @towersroofinginc422 4 года назад +12

    No better school than the real world. Real life lessons make the best version of our future self.

  • @yofiwood2592
    @yofiwood2592 3 года назад

    This was so insightful to watch.
    Great content Garry.
    You dropping so much gems.
    Thank you.

  • @sea0920
    @sea0920 4 года назад +12

    If you don't work on your dreams, someone will put you to work on theirs.
    --> That's true. But instead, why not use people who work on their dreams. Palantir IPOed recently. Buy the stock if you still believe in the company.

    • @GarryTan
      @GarryTan  4 года назад +4

      It's not enough to believe. You must believe and be right. :-)

  • @eixiph1637
    @eixiph1637 4 года назад +1

    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
      @GarryTan  4 года назад +1

      Thanks Phil! There are a lot of good problems to solve out there.

    • @eixiph1637
      @eixiph1637 4 года назад

      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!

  • @FilhoLouco
    @FilhoLouco 3 года назад

    Man, you are awesome, I am 30 and really thinking about changing my career. I am tired of building something that I don't care about.
    I want to make something, as you said in another video, that you help billions of people. And see my work changing lives.
    I will move to another country surround myself with the best and make it happen.

  • @tomekstec981
    @tomekstec981 4 года назад +36

    Morale of the story? Every decision seems obvious in restrospect.

  • @Elhabibsigmi
    @Elhabibsigmi 4 года назад +2

    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
      @GarryTan  4 года назад +3

      People should absolutely work at the best company they can get a job at, big co or not.

  • @colbycox3422
    @colbycox3422 4 года назад +10

    Valuable lesson learned. Thanks for sharing Garry.

  • @AndrisMerkulovs
    @AndrisMerkulovs 4 года назад +1

    Thanks Gary, just discovered this channel. Looking forward to more insightful content.

    • @GarryTan
      @GarryTan  4 года назад

      Thanks and welcome

  • @jakubadamowicz
    @jakubadamowicz 4 года назад +2

    Thank you for sharing this Gary! Awesome content so far!

  • @salmanrahman533
    @salmanrahman533 4 года назад +1

    You got like an instant sub from my end. Cheers Mate. Those were some solid advices right there.

    • @GarryTan
      @GarryTan  4 года назад +1

      Thanks for the sub!

  • @Christian0001
    @Christian0001 3 года назад +3

    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
      @GarryTan  3 года назад

      So glad this was useful and helpful.

  • @hanaaoujja1701
    @hanaaoujja1701 3 года назад +2

    "Don't make my mistakes, make all new mistakes" Well damn. That was powerful.

  • @ja9co
    @ja9co 3 года назад +3

    I recently landed a full-time PM offer from Microsoft at 23. I feel attacked. 😂 Thanks for sharing your story, Garry! Your content is gold. Huge fan from Canada.

    • @GarryTan
      @GarryTan  3 года назад +2

      Haha just don’t stay forever and you’re good

  • @JayChoyceTibbitts
    @JayChoyceTibbitts 4 года назад +3

    This is such an incredible story! You were always destined to have fantastic opportunities, Garry!

  • @fanwosu
    @fanwosu 4 года назад +3

    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!

  • @searchatlas
    @searchatlas 4 года назад +1

    I'm a big fan of your channel! Thanks so much for sharing all your lessons. So highly appreciated.

  • @MegaLadyv
    @MegaLadyv 3 года назад

    Thanks for sharing Gary!! Very insightful

  • @Filaxsan
    @Filaxsan 4 года назад +1

    Man! Incredible video! You perfectly described the situation with such simple video. Thanks a lot!

    • @GarryTan
      @GarryTan  4 года назад

      Glad you liked it!

  • @jnt013
    @jnt013 3 года назад

    Hi from the Philippines here love your videos I'm learning a lot. Thanks for Sharing you're one of my inspirations.

  • @masonparis5823
    @masonparis5823 4 года назад +2

    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
      @GarryTan  4 года назад +1

      Haha, well, when you're young, you don't know much sometimes.

  • @aigonewrong.
    @aigonewrong. 4 года назад +1

    Very valuable lesson. and nicely edited. Thanks and subbed.

    • @GarryTan
      @GarryTan  4 года назад

      Thanks for the sub!

  • @deepaksethu
    @deepaksethu 3 года назад

    Thanks for the clarity

  • @idowuolamipeju9575
    @idowuolamipeju9575 4 года назад +2

    You know, Garry, I really loved the lessons you've highlighted, but also it's never too late to start a something new, so congrats still!

    • @GarryTan
      @GarryTan  4 года назад +1

      Great attitude!

  • @oustech4596
    @oustech4596 4 года назад +6

    “Don’t make my mistake, make all new mistake?” . I subscribed

    • @GarryTan
      @GarryTan  4 года назад

      Haha thanks for watching

  • @johnpeterson4552
    @johnpeterson4552 4 года назад +2

    What's most important about a startup, is the ability to have more diverse, approaches and creativity enter a market without being honed by established thinking. For breakthroughs to occur at a more rapid pace, these incubators are a necessity. Eventually all new ideas get commodities by larger corporates, but they never would have evolved any other way.

    • @GarryTan
      @GarryTan  4 года назад +1

      John Peterson yes Paul Graham talks about how you must find new markets through things that sometimes look like toys. Airbnb for instance started as Airbedandbreakfast.com and they required both breakfast and an air bed.

  • @zhengxunwu2060
    @zhengxunwu2060 4 года назад +12

    The problem is I have to first get a chance to have lunch with Peter Thiel.....

  • @daniilorain
    @daniilorain 3 года назад +1

    Thanks, very inspirational, you have a good energy!

  • @LarryChiang
    @LarryChiang 4 года назад +5

    How am I only hearing about this now!? You’re WAY TOO humble
    I said similarly crazy shitake to Peter. He listened.

    • @itschrisuphere
      @itschrisuphere 4 года назад

      RUclips added another layer to the neural net in the recommendation engine. Also just stumbling upon this now.

  • @KOSMOinfinite
    @KOSMOinfinite 4 года назад +1

    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
      @GarryTan  4 года назад +1

      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.

  • @jhay_vine5083
    @jhay_vine5083 4 года назад +1

    Thanks bro.
    This really helped me.
    Imma go subscribe now.
    Hoping for great new content from you..

    • @GarryTan
      @GarryTan  4 года назад

      Thanks for the sub!

  • @jonathanfraga3771
    @jonathanfraga3771 3 года назад

    Very valuable tips! Thank you for sharing your experiences.

  • @BendOregon67
    @BendOregon67 4 года назад +1

    Nice video bud. I appreciate the honesty.

  • @nicholasstuart9815
    @nicholasstuart9815 4 года назад +5

    Thanks for sharing! 1:40 was hilarious

  • @BrandonDemand
    @BrandonDemand 4 года назад +3

    Really loving this Garry. I certainly don’t expect a sub back. Just learned so much lying on my bed in Africa.

    • @mwanikimwaniki6801
      @mwanikimwaniki6801 4 года назад +1

      Guess we motherland babies are here.

    • @BrandonDemand
      @BrandonDemand 4 года назад

      Mwaniki Mwaniki For the motherland brother ✊🏾

  • @sanesanyo
    @sanesanyo 4 года назад +11

    In hind sight, everyone can be a millionaire. That is if you invested couple of thousand dollars in Amazon, Google back in 2004 you would have been a millionaire by now. Although you did make some valid points. Thank you for this informational video.

    • @GarryTan
      @GarryTan  4 года назад +2

      Well you can't go back in time but you can build the future

  • @FaisalWirakusuma
    @FaisalWirakusuma 4 года назад +2

    I've just stumbled upon your channel, your content is great! Thank you Garry!

  • @adejuwonodugbesi3102
    @adejuwonodugbesi3102 3 года назад

    This is powerful, just validated my recent decision 👌🏿👏🏿🙏🏿👍🏿 thank you!

  • @thecliniconlinetv5396
    @thecliniconlinetv5396 3 года назад

    Thanks Gary for the lessons.

  • @da-jiu
    @da-jiu 4 года назад +1

    Excellent video. Shared it as a Post to my Chinese subscribers.

    • @GarryTan
      @GarryTan  4 года назад

      Thanks for that!

  • @web3global
    @web3global 5 месяцев назад

    Thanks for sharing, Garry, I believe this single video has saved Billions of dollars till now! 🚀

  • @babu9547
    @babu9547 3 года назад

    It’s funny how I just started reading Zero To One a couple of days ago and you just mentioned Peter Thiel

  • @TruongNguyen-co4ud
    @TruongNguyen-co4ud 3 года назад

    great advice Garry Tan, Thank you !

  • @RajinderSingh-oq7te
    @RajinderSingh-oq7te 3 года назад

    All of the learnings I had by working for startup.

  • @alexkaranja3443
    @alexkaranja3443 4 года назад +3

    Thank you for sharing this....it was great but there's a lot of life choices that are really unquantifiable...just luck sometimes.

  • @yonatanbadash
    @yonatanbadash 4 года назад +2

    Great work just Subscribed I bet if you upload constantly you will be a big RUclipsr

    • @GarryTan
      @GarryTan  4 года назад +1

      Trying to upload weekly

  • @sangramvaghela.
    @sangramvaghela. 4 года назад +7

    Nobody has bigger regrets than Ronald Wayne. His $800 in Apple would’ve been worth $100B in today’s valuation. Great advice by the way 👍

  • @MsNanakwasi
    @MsNanakwasi 3 года назад

    Gary you earned a new subscriber. Love your channel. Yoi dropping gems

  • @saidabshir4384
    @saidabshir4384 4 года назад

    I thank you for this video bro. You know its like you were talking to me and telling me the mistakes i have done to this point.
    Thanks

    • @GarryTan
      @GarryTan  4 года назад +1

      Thank you Said!

  • @christyjacob8551
    @christyjacob8551 3 года назад +1

    Your channel is a Gem !!

  • @zerotoinfinite2006
    @zerotoinfinite2006 4 года назад +2

    I don't know if I am making the same mistake.
    I am working for a big IT company in my country and they are paying me very less because I am an old employee (ex: my experience and same level IT employee is getting 24 then I am making 10)
    I used to get job offers before with better pay but I refused because I was more interested in doing "Good work" rather than work for money (HUGE MISTAKE)
    When I got married and have house, those mistakes pinch now. I should have choose the right way, there is no value for "Hard work" in big IT companies. You work or you don't, both have same value for them.
    Now, I have started doing stock market and it seems that I can make good money in stock market but I am afraid to quit the job and do it full time. Because 3-4 consecutive mistake in stock market will drain my bank account. So, I can't take that risk now.
    I can trade a bit but working and trading at the same time doesn't work pretty well. I can be a millionaire or may be not, via stock market but I have got one life and I think I should try it once. At the same time, I am afraid to take the decision.

    • @GarryTan
      @GarryTan  4 года назад

      The important thing is to figure out what other people want, and uniquely find ways to create that. It might involve you writing the code yourself. It might involve managing people. There are lots of ways to contribute value, whether it is through your current job, or going through a coding bootcamp on the side to learn new skills.

  • @armentumhominum9931
    @armentumhominum9931 4 года назад +1

    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
      @GarryTan  4 года назад

      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
      @armentumhominum9931 4 года назад

      @@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
      @chaitanyavaidya7783 3 года назад

      @@armentumhominum9931 a change of location might help

  • @AlansTheory
    @AlansTheory 4 года назад +7

    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
      @Martinit0 4 года назад

      Some other dude made those $200m. Probably should go and find Palantir employee #10 and interview him

  • @bluedaylight1243
    @bluedaylight1243 4 года назад

    Im sorry to say this but i hope not a lot of people watch this, so some people who watched it doesnt have a lot competitors. This is such an eye opening video and it really usefull

  • @kisaanfactory2667
    @kisaanfactory2667 2 года назад

    very honest and important lesson for us
    thanks

  • @hagenlens1403
    @hagenlens1403 4 года назад +1

    Thanks for making this video!

  • @CobraTheSpacePirate
    @CobraTheSpacePirate 4 года назад

    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!"

  • @KingReza
    @KingReza 4 года назад +1

    Great story, and happy it turned out good for you.

    • @GarryTan
      @GarryTan  4 года назад

      It all works out

  • @SaraTarannum
    @SaraTarannum 2 года назад

    Thank u for this Gary. Now I can use this video as a practical reference to talk my friends who I wish to make my cofounders out of this rat race😅😁. Already shared with all my peers😉 Tnx again

  • @nicolebond3992
    @nicolebond3992 4 года назад +1

    Good insights and advice Garry., that we appreciate.

    • @GarryTan
      @GarryTan  4 года назад

      Thanks for watching!

  • @PimpPlazaProductions
    @PimpPlazaProductions 4 года назад +4

    After all of the VCs that turned me down. I cant wait to one day see them make a video like this about my company. That is the ultimate achievement

  • @davidkuo5702
    @davidkuo5702 4 года назад +1

    great video, love the approach you took to share the valuable experience!!! There are great insight and after losing a million USD, I have the maturity to understand what you are conveying. Thank you so much and keep up the amazing sharing.

    • @GarryTan
      @GarryTan  4 года назад

      Glad it was helpful!

  • @JoeWong81
    @JoeWong81 4 года назад +1

    Good advice bro. You seem like a genuine guy

    • @GarryTan
      @GarryTan  4 года назад +1

      Thanks, just another human on the planet over here

  • @sertaoexpedicoes
    @sertaoexpedicoes 4 года назад +5

    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
      @GarryTan  4 года назад

      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.

  • @darrenbarklie380
    @darrenbarklie380 4 года назад +18

    Your comments on the necessity of being a founder or early employee to later generate wealth echo lessons from Naval Ravikant. Would be great to learn your perspective on tech employers assuming ownership of employees' side projects, is this something you have encountered or complied with? I anticipated this being noted as a Downside. Thanks.

    • @GarryTan
      @GarryTan  4 года назад +21

      I am against companies taking the IP of their employee’s side projects. In California as long as an employee works on their own time and their own equipment then their creation is theirs. I am a fan of that.

  • @ryz177
    @ryz177 Год назад

    Fast forward late 2022: Garry, you made the right decision!!!

  • @RajinderSingh-oq7te
    @RajinderSingh-oq7te 3 года назад

    For every point discussed I felt like he is sharing my thoughts/experience.

    • @garrytan7456
      @garrytan7456 3 года назад

      For assistance on crytpo investments/trading •••••

    • @garrytan7456
      @garrytan7456 3 года назад

      (*+*1*6*3*0*9*9*8*3*0*6*2*)

  • @samuelnoha490
    @samuelnoha490 4 года назад +1

    Just subscribed awesome content bro keep it up! 👍✌🏻

  • @FennecTechStudio
    @FennecTechStudio 4 года назад +1

    instantly subscribed! great video

    • @GarryTan
      @GarryTan  4 года назад

      Awesome, thank you!

  • @keonseon5707
    @keonseon5707 4 года назад

    Masayoshi Son fumbled billions and bounced back, you will too(if you haven't already). Thanks for sharing!

  • @stevenhamilton801
    @stevenhamilton801 3 года назад

    Gary I really like your humble attitude money or not, best to you sir

  • @abhijeetghosh27
    @abhijeetghosh27 3 года назад

    Inspiring !! Loved it 👍👍

  • @suffsyed
    @suffsyed 4 года назад +2

    This is a really good video. Thank you for the ideas!

  • @okeanrose4861
    @okeanrose4861 4 года назад

    Good quality videos, good quality advice