Y Combinator startups present a strong investment opportunity, with 6% achieving unicorn status and a notable fraction evolving into decacorns. Kulveer Taggar founded Phosphor Capital to focus exclusively on investing in YC companies, raising $34 million in capital across two funds. His previous ventures, Auctomatic and Zeus Living, established his connection with YC. Zeus Living, at its peak, was valued at over $200 million with a revenue run rate of $120 million. However, market challenges led to its sale to Blueground in late 2023, after which Taggar initiated Phosphor Capital.
Kulveer Taggar revealed data indicating that 6% of Y Combinator companies turn into unicorns, and a quarter of those unicorns become decacorns, emphasizing their investment potential.
Phosphor Capital, founded by Taggar, focuses solely on investing in Y Combinator startups and has successfully raised $34 million across two funds since its establishment.
Taggar's venture, Zeus Living, was valued at over $200 million at its peak and had a revenue run rate of approximately $120 million, showcasing its rapid growth.
Despite the significant headwinds faced by Zeus due to rising interest rates, Taggar transitioned quickly by starting Phosphor Capital shortly after leaving the startup.
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