Forbes October 25, 2024
Nobody would call General Catalyst a small fish. But there are a lot of new interesting details in recently released news, about how this VC firm is spending around $8 billion to pursue novel strategies in applying AI to the business world.
Obviously, there are nearly endless ways to do this. General Catalyst is well positioned, as a firm with some $30 billion in assets and a track record of shoring up startups like Airbnb, Instacart and Stripe.
The New Investment Strategy for Artificial Intelligence
General Catalyst CEO Hemant Taneja recently announced the company would be putting $4 billion into a core VC account, and $800 million into a “creative” strategy play involving startups. Here’s how GC describes the fund:
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