E1067: Garry Tan, Managing Partner & Co-Founder of Initialized Capital, on dealing with downstream investors as a Seed-stage firm, software companies acting as governments, possibility of building IPO

1:03 Jason intros Garry Tan and checks in on how his quarantine has been going

4:39 How does Garry look at Initialized's portfolio companies? What are his 3 groups of companies dealing with COVID?

8:04 How will VCs react to the crisis? Why does Initialized specifically focus on Seed-stage companies?

11:13 How does Initialized contact downstream investors about their companies, and how has that changed during COVID?

14:12 Thoughts on Posterous, data-storage singularity & more

18:04 Losing thousands of photos after getting banned from Flickr and how that plays into software as the new government, becoming a super-router

22:32 How Spotify's access to public capital gives them an acquisition advantage, collab concepts

24:51 How does Initialized size their follow-on investments?

29:11 For how long is Initialized planning on operating fully remote? Thoughts on going back to work

35:56 What skills has Garry had to improve during his investing career?

43:33 How downstream investors try and take advantage of early-stage investors

47:51 Thoughts on Clubhouse investment, how/if they can scale their exclusivity

56:27 Thoughts on founders selling secondary shares, and how Chris Sacca helped Garry Tan at Posterous

1:02:09 Structural inequality leading to rich-bashing, how Fiat currency impacts welfare inequality

1:07:09 Thoughts on UBI, Instacart, potential profitability of food-delivery companies

1:11:31 Perception of Tech in the Bay Area, commercial real-estate in SF, Facebook's game-theory remote pay scale

1:18:27 Could today's tech giants (Google, Facebook, Uber) have grown to the heights they did as fully remote companies? Can IPO-level companies be consistently built while remote?

1:24:49 Do the best founders appear ageless? New Twitter features: good or bad?