Garry Tan

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. Garry Tan heads up Y Combinator, the most powerful startup program in the world. At the tail end of last week, he tweeted — I mean, X-ed — some pretty grim shit, telling politicians to “die slow.” He since deleted the tweet, but the drama was the talk of the town this week. Still, Tan’s allegedly inebriated tirade served as a welcome distraction from another surge…

Garry Tan, whose success in Silicon Valley has likely inspired many of the founders he mentors, is once again attracting attention for his posts on the social platform X. On Friday night, the Y Combinator president, investor, and former entrepreneur, published a post that might have prompted some to wonder if his X account was hacked. Wrote Tan, addressing seven San Francisco supervisors who oversee the delivery of local government services: “Fuck Chan Peskin Preston Walton Melgar Ronen Safai Chan as a label and…

Famed accelerator Y Combinator, which has backed more than 200 startups in India, has submitted a petition to the US Treasury Secretary Janet Yellen, seeking relief and attention over the collapse of Silicon Valley Bank (SVB), which has led to deposits of hundreds of startups banking with the California-based lender to be frozen.The petition, written by Y Combinator president Garry Tan, has been signed by over 3,500 CEOs and founders. The signatories also include almost two dozen startups with a base in India. In the…

Technology executives, prominent venture capitalists and founders including OpenAI chief executive Sam Altman raced this weekend to keep alive companies caught up in the collapse of Silicon Valley Bank.Friday's dramatic failure of the bank, which focuses on tech startups, was the biggest since the 2008 financial crisis. It roiled global markets, walloped banking stocks, and left California tech entrepreneurs worrying about how to make payroll.Aiming to avoid what Garry Tan, the CEO of startup accelerator Y Combinator,…

We have been covering the India impact of the Silicon Valley Bank shutdown which has created panic across the tech world. Here are the must-reads to keep you up to speed on the unfolding SVB saga.Nearly 60 YC-backed Indian startups have deposits stuck in Silicon Valley Bank: The spillover of the collapse into India’s startup ecosystem is becoming more evident, with several early and mid-stage ventures that were banking with the California-based lender finding themselves in a cash crunch for daily expenses such as payroll…

Garry Tan, president at Silicon Valley-based Y Combinator, said the collapse of Silicon Valley Bank (SVB) in the US is an 'extinction level event' for startups and will set startups and innovation back by 10 years or more. Y Combinator, popularly known as YC, has been an early investor in firms like Stripe, Airbnb and others. Its portfolio firms work closely with the SVB which has now been taken over by the US government. Razorpay, Zepto, Meesho are among its biggest India portfolio firms."BIG TECH will not care about…