Golden
Initialized Capital

Initialized Capital

 A venture capital firm based in San Francisco, California. It was founded by Garry Tan and Alexis Ohanian in 2011.

Initialized Capital is a San Francisco-based venture capital firm that specializes in investing in high-potential software start-ups. The firm states that it believes every industry will be remade by software engineers with the purpose of making goods and services better, cheaper, and faster. It invests at the seed stage and has $36 billion in market value. 

Product

The firm invests in companies that have products which are significantly better than products on the current market and can prove with specific data points that they have already created successful products. Initialized capital also seeks start-ups with clear plans for the first 18-24 months after receiving their investments. Upon accepting a company into its portfolio, Initialized Capital states that it aids start-ups in areas such as technical hiring, user acquisition, media, press launches, and product design. 

The Process

Initialized Capital utilizes customer relationship management software that was built by co-founder Garry Tan to gain insights into the potential of a start-up. Those companies that could be backed by the firm are then logged and voted on by Initialized Capital's nine investors. The vote is done digitally and blindly in an attempt to avoid bias. 

Progress

The firm is significantly progressive with inclusion and diversity within the company, with female investors accounting for 40% of the team (the industry average is 10%). Furthermore, one of the co-founders is vocal about companies in the United States being mandated to offer Paid Family Leave and encourages companies in Initialized Capital's portfolio to offer that benefit. 



Timeline

October 2, 2018

Initialized announces a $225 million fourth fund.

December 1, 2016

Initialized Capital announces a $125 million third fund.

People

Name
Role
Related Golden topics

Alda Leu Dennis

General Partner



Alexis Ohanian

Managing Partner

Reddit

Andrew Lee

Partner



Brett Gibson

Partner



Chi An

Controller



Danni Metz Shuval

Executive Assistant



Eric Woersching

General Partner



Garry Tan

Managing Partner



Harjeet Taggar

Former Partner



Jen Wolf

COO and Design partner



Jessica Aguilar

Office Manager



Kim-Mai Cutler

Partner



Lissie Garvin

Chief of Staff



Marinda Luk

CFO



Phillip Aubrey

Analyst



Victoria Whitely

Head of EA



Vincent Chu

Partner



Further reading

Title
Author
Link
Type
Date

At Initialized Capital, Odd Couple Alexis Ohanian And Garry Tan Look To Do VC Differently

Alex Konrad

Web

July 9, 2018

Documentaries, videos and podcasts

Title
Date
Link

E08 - Ending The Crypto Winter with Garry Tan and Brett Gibson of Initialized Capital

November 1, 2018

Companies

Company
CEO
Location
Products/Services









References