[2][3] Initialized Capital has 23 portfolio companies it invested in at seed that have since become unicorns, including Coinbase, Ro, Cruise Automation, Instacart, Flexport, Opendoor, Algolia, Goat Group, HackerNoon, Rippling, Truepill, and CoinTracker.

[9] In 2013, Initialized Capital became an early investor in Coinbase, wiring the cryptocurrency app's founder Brian Armstrong $200,000.

[10] Garry Tan left Y Combinator in 2015 to focus on Initialized full time.

[13] In December 2021, Initialized Capital completed its sixth funding round, raising $700 million to invest in startups.

[3] In August 2022, it was announced that Garry Tan would be stepping back to re-join Y Combinator as CEO.