General Catalyst, the power risk firm, is considering an IPO, axios reported On Friday morning, citing “multiple sources.”
britcommerce has communicated with the company’s managing partner, Hemant Taneja, to comment. Meanwhile, those who follow the trajectory of Catalyst General will not be surprised by perspective.
Founded 25 years ago as a small risk firm based in Cambridge, Mass., General Catalyst (GC) began with $ 73 million in capital commitments. A decade later, armed with balloon assets and stakes prior to software companies such as Demandware and BrightCove, Taneja and the then Paretel Neil Sequeira settled in a lovely yellow building with white trim at University Avenue in Palo Alto. There, GC quickly left his mark in the Bay area, reducing the software offers that remembers their successes of the East Coast, while forging deep links with and Combinator that was worth it. In 2011, the company assured a participation in Airbnb. In 2012, he promised to support each and combinator startup sight unseen.
That same year, in July 2012, GC led the B series round for Stripe, now the most successful student of and Combinator by valuation, even when the Fintech giant maintains that it has “Without immediate plans“Publicize.
Meanwhile, GC itself has grown exponentially. Although dry left In 2015 to start its own store, GC Today has an extensive team with 20 managing directors, more than $ 30 billion in assets and offices from San Francisco to Bangalore. It has also expanded far beyond traditional risk investment. As we pointed out in October after talking with Taneja for a podcastThe firm is almost unrecognizable of your former self. Among other movements, he has launched financial products, implemented a heritage management business, is in the process of acquiring a small health system in Ohio and bought two smaller risk companies.
A question that Axios does, and is good, is whether GC will be the first risk firm in getting public. It is not just about whether the company decides to advance, but if the mere talk of an offer accelerates the plans of other heavyweight companies such as Andreessen Horowitz, which seem to have their eyes in the same prize.