Initialized Capital

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Early-stage venture capital firm. Co-founded by Garry Tan and Alexis Ohanian in 2011.

The displaced-founder pattern: change your location, change the people, change the way you think. Pre-seed money alone doesn't ship.

How it's structured

  1. Garry's framing (Tetragrammaton May 2026) > "I spent a couple years sort of in my wilderness years. I spent about funny enough it was seven ye…

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