Investing in Y Combinator startups can lead to significant returns to investors.
投资于Y Combinator初创企业可能会带来重大回报给投资者。
“If you look at the data: 6% of YC companies become unicorns, and of that 6% a quarter become decacorns,” Kulveer Taggar told TechCrunch. Taggar is a two-time YC alum best known for founding Zeus Living, a property management startup that raised over $150 million in funding.
库尔维尔·塔格加（Kulveer Taggar）告诉TechCrunch：“如果您查看数据：有6％的YC公司成为独角兽，其中6％的季度成为decacorns。”塔加尔（Taggar）是两次YC校友，以创立宙斯生活（Zeus Living）而闻名，宙斯（Zeus Living）是一家物业管理初创公司，筹集了超过1.5亿美元的资金。
Taggar is so confident in the continuing return potential offered by the famed accelerator that he established Phosphor Capital, a venture firm dedicated solely to investing in YC companies. Since launching last year, Phosphor has raised $34 million in capital across two funds.
Taggar对著名的加速器提供的持续回报潜力非常有信心，以至于他建立了磷光资本，这是一家专门用于投资于YC公司的风险投资公司。自去年推出以来，Phosphor已在两项基金中筹集了3400万美元的资本。
While Phosphor isn’t the only venture capital firm focused on YC startups — Pioneer Fund and Rebel Fund employ similar strategies — the firm is the only dedicated YC fund led by a solo general partner. And because of Taggar’s long relationship with YC, he also nabbed YC CEO Garry Tan as an investor in the fund, he says.
尽管Phosphor并不是唯一专注于YC初创公司的风险投资公司（先锋基金和叛军基金采用了类似的策略），该公司是唯一由独奏普通合伙人领导的专门的YC基金。他说，由于塔加（Taggar）与YC的长期关系，他还将YC首席执行官Garry Tan担任该基金的投资者。
Taggar’s relationship with Y Combinator began in 2007 when he, his cousin Harj Taggar, and future Stripe founders Patrick and John Collison brought their startup, Auctomatic, through the program. Although Auctomatic was sold just a year later, that experience was key to forging a strong connection with the top accelerator.
塔加（Taggar）与Y Combinator的关系始于2007年，当时他的堂兄Harj Taggar以及Future Stripe的创始人Patrick和John Collison通过该计划带来了他们的初创公司。尽管仅在一年后出售了Auctomatic，但这种经历是与顶级加速器建立牢固联系的关键。
He went through Y Combinator again in 2011, this time with Zeus Living, a startup that bought homes to offer furnished accommodations with flexible terms for business and personal travel. Initialized Capital, co-founded by current YC chief Garry Tan, led Zeus Living’s Series A funding and Tan joined its board.
他在2011年再次通过Y Combinator，这次是宙斯Living（Zeus Living），这家初创公司购买了房屋，提供带有弹性商务和个人旅行条款的家具住宿。由现任YC负责人加里·坦（Garry Tan）共同创立的初始化资本，Led Zeus Living的系列资金和Tan加入了董事会。
At its peak, the startup was valued at over $200 million and had an annual revenue run rate of about $120 million, according to Taggar.
根据塔加尔（Taggar）的数据，这家初创公司的价值超过2亿美元，年收入运行率约为1.2亿美元。
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However, Zeus encountered significant headwinds when interest rates surged earlier this decade and the startup was sold to competitor Blueground in late 2023 for undisclosed terms.
但是，当利率在本十年初激增时，宙斯遇到了巨大的逆风，并且该初创公司在2023年末以未公开的条件出售给竞争对手蓝地。
Taggar launched Phosphor mere months after leaving Zeus. He told TechCrunch he was particularly excited by the opportunity to invest in young AI startups and by Garry Tan’s leadership of the prestigious accelerator. “You could view this as a bet on Garry. I think he is taking Y Combinator to new levels,” Taggar said.
塔加（Taggar）离开宙斯（Zeus）几个月后就发射了磷。他告诉TechCrunch，他对投资年轻AI初创公司的机会以及Garry Tan对著名的加速器的领导才感到特别兴奋。塔加尔说：“您可以将其视为加里的赌注。我认为他正在将Y组合者提升到新的水平。”
Unlike many emerging managers, Taggar had a relatively easy time raising capital. Beyond Tan, he says his other LPs include Zeus’ investors. “I had a relationship with them and a track record, so they knew me, and they knew how hard I work,” he said.
与许多新兴经理不同，塔加尔（Taggar）筹集资金相对容易。他说，除了谭，他的其他唱片包括宙斯的投资者。他说：“我与他们有关系和往绩，所以他们认识我，他们知道我的工作有多努力。”
Others include family offices and a large asset manager who are taking a bet on Taggar in large part because of his deep connection and long-standing ties to Y Combinator.
其他人包括家庭办事处和一位大型资产经理，他们在很大程度上押注了塔加尔，这很大程度上是因为他与Y组合者的长期联系和长期联系。
“Kulveer is what you might call an OG alum from the early days of YC,” said YC partner Jared Friedman. “He’s close to me and to many of the folks who now run YC.”
YC合作伙伴Jared Friedman说：“ Kulveer是YC早期的OG校友。”“他离我很近，现在与现在竞选YC的许多人。”
Taggar’s background as a YC alum and a founder was also a part of the draw to Phosphor for LPs and a benefit for founders. “Zeus was a really hard company to run. He has a tremendous number of battle scars from doing this hard thing in the physical world,” Friedman said. “I hear this from founders that he has incredible empathy for what they are going through, because he went through it all himself.”
塔加尔（Taggar）作为YC校友和创始人的背景也是LPS磷剂的一部分，也是创始人的好处。弗里德曼说：“宙斯是一家非常艰难的公司。他在物理世界中做这件艰难的事情，有很多战斗伤痕。”“我从创始人那里听到这一点，他对他们的经历具有令人难以置信的同理心，因为他自己经历了这一切。”
Phosphor writes checks ranging from $100,000 to $500,000. The firm has already backed over 200 YC companies, with several going on to raise Series A funding, including workflow automation platform Gumloop and AI meeting manager Circleback.
Phosphor写道，检查范围从100,000美元到500,000美元不等。该公司已经支持了200多家YC公司，其中一些公司正在进行筹集A系列资金，包括Workflow Automation Platformation Gumloop和AI会议经理Circleback。
