Why Initialized Capital: Interviews, Careers, & Portfolio

Decide if Initialized Capital is right for you as we uncover their hiring process & sector focus
Table of Contents
    Add a header to begin generating the table of contents

    Initialized Capital Overview

    Initialized Capital is a venture capital firm based in San Francisco and New York that specializes in early-stage investments – primarily software startups at seed stage or earlier.

    Initialized Capital was founded by Garry Tan, Alexis Ohanian, and Harjeet Taggar in 2011. Garry Tan was part of Forbes Midas List from 2018 to 2022.

    The firm is one of the early investors in Instacart, Coinbase, Opendoor, Rippling, Cruise, and many more. They have over 175 active portfolio companies with $200+ billion total company value.

    Before providing support, Initialized Capital has a set of questions that revolve around a startup’s product, market, and team. 

    Initialized Capital logo

    Initialized Capital AUM

    According to the firm’s official website, Initialized Capital has over $3.2 billion in assets under management.

    Initialized Capital Interview Process & Questions

    Firms can make modifications in their interview process for each candidate. However, when you interview at Initialized Capital (or similar firms), you can expect the following:

    • Around 4-6 rounds of interviews
    • Junior investment professionals supervise the initial rounds, while the senior staff handle the later phase of the interview.
    • The whole process can take multiple weeks – unless it’s an on-cycle or on-campus recruiting

    Interviews at Initialized Capital will be a mixture of a set of questions: fit, behavioral, and technical / investing.

    Need help preparing for interviews? My Growth Equity Interview Guide is right for you.

    Why Initialized Capital

    The most common question you’ll receive during interviews is “Why this firm”.

    If you’ve done networking prior to your interviews, this is your chance to mention whoever you’ve met and how they’ve positively influenced your decision to apply at their firm.

    Also, I would recommend learning more about the firm. A great way to do this is to listen to interviews with its founders, investors, and employees.

    For starters, here’s Garry Tan, Initialized Capital founder, with managing partners Jen Wolf and Brett Gibson on the venture stage at Web Summit 2022:

    YouTube video

    More Interviews

    Initialized Capital Case Study

    Case studies almost always show up during interviews at firms like Initialized Capital. The reason is firms use case studies to evaluate each candidate’s technical and communication skills – both crucial to investor’s success.

    Most case studies revolve around investment recommendations and financial modeling. But for junior roles, cold calling case study may also be required.

    For case study preparation, check out my Growth Equity Interview Guide.

    Initialized Capital Salary & Compensation

    According to Glassdoor, Initialized Capital offers median total pay of $108K and $89K to their portfolio analysts and associates, respectively. Figures may vary depending on various factors such as location, experience, and education.

    Portfolio Analyst

    Initialized Capital salary


    Initialized Capital salary

    Initialized Capital Careers, Jobs, & Internships

    To see the most recent open roles at Initialized Capital, visit our job board which features promising opportunities for them and other growth / VC firms.

    Initialized Capital Portfolio & Investments

    According to Crunchbase, Initialized Capital has made 521 investments and manages eight funds. Some of their notable deals include Clairity Technology, Stellar Sleep, and Coordinate.

    Notable Transaction: Picogrid

    Picogrid is a company which builds a unified platform for autonomous systems. They help connect cameras, sensors, and unmanned systems using their defense tech softwares.

    Since inception, Picogrid has already won several federal contracts, including one from the Pentagon worth $1 billion.

    Currently, Picogrid’s tech is being used in the ongoing military operations across the US and in the front lines of Ukraine.

    With Picogrid’s technology, the defense system will be more connected, efficient, and smarter.

    In March 2024, Picogrid secured a $12 million funding from a Seed Round led by Initialized Capital, with participation from Alumni Ventures, Domino Ventures, Giant Step Capital, Credo Ventures, and Starburst Ventures.

    The investment helps Picogrid to accelerate their product development, open their second factory in Oklahoma, and build partnerships within the defense sector.

    Next Steps

    Initialized Capital is an excellent firm to build your career in finance. If you want to be part of their team, you have to stand out during your interviews.

    For that, I would recommend my Growth Equity Interview Guide which is a self-paced online course designed to teach you the critical topics such as case study, financial modeling, and many more.

    Check it out and start learning today!


    The #1 Online Course for Growth Investing Interviews

    Screenshot of course preview

    Get My Best Tips on Growth Equity Recruiting

    Just great content, no spam ever, unsubscribe at any time

    Picture of Mike Hinckley

    Mike Hinckley

    Founder of Growth Equity Interview Guide


    Coached and assisted hundreds of candidates recruiting for growth equity & VC

    • General Atlantic logo     Investor at General Atlantic 
    •      Operator in portfolio at Airbnb 
    • Deutsche Bank logo     I-banker at Deutsche Bank
    • US Treasury Department logo      Advisor in Obama Administration
    • Wharton logo     MBA at Wharton
    Company logo


    Get My Best Growth Equity Interview Tips

    No spam ever, unsubscribe anytime