Y Combinator alum launched a new $34M fund dedicated to YC startups, backed by Garry Tan | TechCrunch
Briefly

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.
Read at TechCrunch
[
|
]