Several VC leaders met today to discuss the aftermath of SVB’s downfall. This is a joint statement from all of us. @Accel @altcap @BCapitalGroup @generalcatalyst @eladgil @GreylockVC @khoslaventures @kleinerperkins @lightspeedvp @MayfieldFund @Redpoint @RibbitCapital @upfrontvc
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.@GeneralCatalyst has raised ~$8Bn of new capital, across core VC, Creation strategy, and SMAs, to invest in the most ambitious entrepreneurs driving transformation and resilience in AI, Defense, Climate & Energy, Industrials, Healthcare, and FinTech: generalcatalyst.com/stories/…
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Relieved that FDIC has protected deposits. Continuity for thousands of companies & paychecks for millions, at 0 taxpayer cost. Must figure out how the critical services SVB provided for tech/vc thrive in SVB/successor. Proud of industry collaboration to catalyze this outcome.
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Today, 35+ VC firms, with another 15+ companies, representing hundreds of billions in capital have signed the voluntary Responsible AI commitments from @ResponsibleLabs (RIL), the non-profit I co-founded. As Chairman of RIL, I’m proud to unveil this today with tech leaders and Commerce Secretary Raimondo in San Francisco. This group includes (among others): @AntlerGlobal, @itsArthurAI, @BainCapVC, @Base10Partners, @CredoAI, @felicis, @FordFoundation, @generalatlantic, @generalcatalyst, Generation Investment Management, @InflectionAI, @insightpartners, @intelcapital, @IVP, @KinnevikAB, @Lux_Capital, @MayfieldFund, @Radicalvcfund, @RibbitCapital, @SoftBank, and @XYZ_vc.
These commitments include:
1. A general commitment to responsible AI including internal governance
2. Appropriate transparency and documentation
3. Risk & benefit forecasting
4. Auditing and testing
5. Feedback cycles and ongoing improvements
In addition to the Commitments, we are publishing a 15-page Responsible AI Protocol, a practical how-to playbook to help investors and start-ups alike fulfill the commitments. Since April, our steering group of cross-societal AI experts has worked hard to understand the unique considerations and relevant and realistic standards for technologists at any stage. We strongly believe in the power of AI to transform our world for the better. Our role as investors is to advocate for our startups and the innovation economy from day 1.
Everybody saw the executive order last month–the reaction in the Valley has generally been to denounce it. The reality is that right now it’s largely just reporting requirements. However, there is a risk that devolves into regulation that slows innovation down and makes America and its businesses uncompetitive. But the right path forward is to not be antagonistic towards D.C. We in the Valley need to learn that this is not about regulation vs. innovation, but about innovation at the intersection of technology, policy, and capital.
We have to embrace collaboration with our elected leaders. And as investors, we must hold ourselves accountable for what we fund and found. I want to commend the RIL team and committee for engendering trust and creating space for feedback, including with the Commerce Department and the White House.
We are facing what is likely the quickest adoption of any new technology ever in AI. It’s difficult to think about the regulatory frameworks that protect the pace of innovation as well as protect against any nefarious use cases of technology. While we all learn how this role of technology evolves, it’s important for us to be intentional about the mindset and mechanisms used in building early stage companies, as both investors and founders. We can’t wait or kick the can down the road.
We hope to see more venture firms and startups embrace this mindset, and encourage more to consider signing: rilabs.org/responsible-ai
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You might hate what I have to say, that doesn’t make it wrong. Venture equity dollars are allocated on a relative basis. 3/3/2/2 are not the fastest growth assets today. That’s just the truth. That doesn’t mean 3/3/2/2 are bad companies, they’re just not venture equity relevant today. If it turns out that those fast growth companies slow down, maybe 3/3/2/2 becomes interesting again. My whole career has been about raising the ambition. My own, my teams’, my founders’. Ambition is about looking forward and right now 3/3/2/2 is behind us.
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At @generalcatalyst we are continuing to work actively with Silicon Valley Bank as are a number of other venture firms: @BessemerVP @GreylockVC @lightspeedvp @Lux_Capital @MayfieldFund @Redpoint @svangel @upfrontvc. We ask the rest of the global VC community to join us.
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(1/5) Today, @generalcatalyst is excited to tell you its Customer Value strategy, an innovative financial solution to help solve growth companies' biggest challenge: scaling sales & marketing and customer acq. without negatively impacting balance sheets generalcatalyst.com/perspect…
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Great to see VC firms step up to help portfolio companies make payroll w/ very low interest loans. In addition to us at @generalcatalyst,@khoslaventures, @GreylockVC,@MayfieldFund,@kleinerperkins,@upfrontvc,@RibbitCapital, @Redpoint,@lightspeedvp, @altcap all doing same. Others?
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While there are many conversations underway, we are opening our statement to the broader VC Community to signal our collective need for a strong banking partner for our community. To add your firm, email VCCommunity@generalcatalyst.com. tinyurl.com/VCCommunitySVBSt… #SVB
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Today we are announcing @GeneralCatalyst Wealth: a transformative wealth management platform for the most ambitious founders, innovators, and leaders. GC Wealth is already at $2.3B in AUM with 21 team members, led by my partner @breslindave: generalcatalyst.com/stories/…
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(1/7) @GeneralCatalyst is joining forces with @lafamigliavc, one of Europe's most successful seed funds, combining our teams to bring a lot more intentionality to our collective work in Europe.
generalcatalyst.com/perspect…
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Today, I am really excited to announce that Yuri Sagalov (@yuris) is joining @generalcatalyst as a Managing Director to lead our seed efforts in the US.
I have often said that our core at GC is early stage investing. Partnering with the most ambitious founders at seed enables us to fulfill our own ambition to transform industries.
Yuri founded Wayfinder Ventures and has backed incredible companies like Supabase, Verse Medical, Stoke Space, Decagon, Finni Health and many more. Previously, he spent 5 years at @ycombinator as a Visiting Group Partner and served seed stage founders with real passion.
At GC, we have been striving to back founders at Seed with the same rigor, focus and passion as smaller firms who dedicate to seed as their only focus. We are keen to continue to partner with them as we improve.
I feel really fortunate that Yuri (Wayfinder), Jeannette (La Famiglia) and Neeraj (Venture Highway) as founders of seed firms have all decided to bring their entrepreneurial energy to shape our seed value proposition at GC to be what the world's best founders deserve from a company like ours.
Our seed proposition is to help founders figure out their business in the midst of uncertainty and ambiguity, and lay the foundation to endure for the long term. Seed is NOT an option call for future series A, nor is it the phase to impose undue governance - it's a time to lock arms with founders to inspire talent to join, tackle the highest risks and build conviction to make it their life's work.
One important call out about our seed proposition going forward is that we aim to consistently do pro rata in the next financing after leading or co-leading a seed so that we eliminate any "signalling risk".
Yuri - Welcome to GC and thanks for helping us continue to get better at our core.
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We’ve helped architect and lead a $900M+ Series A for Pacific Fusion, led by @eric_lander, Will Regan, and Keith LeChien, taking a big leap towards nuclear fusion through an innovative pulsed magnetic approach: generalcatalyst.com/stories/…
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(1/7) Today we at @generalcatalyst are excited to announce a $50M investment with our good friends at @a16z for Hippocratic AI, the first LLM build specifically for the Healthcare industry, from our Creation Strategy. generalcatalyst.com/perspect…
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300+ global VC firms have come together to show support for SVB/its new incarnation. We have much to do to achieve the right outcome beyond just statements & make sure this longstanding partner remains a valuable part of our ecosystem tinyurl.com/VCCommunitySVBSt… #SVB
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Sunday: In last 36 hrs, 400+ VC firms w/ trillions in AUM signed on to support @SVB_Financial. Role in global ecosystem is critical for our industry/world to continue responsible innovation & supporting vibrant economy. More tk; support not stopping here tinyurl.com/vccommunitysvbst…
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Enterprise AI today is $$$ wasted on stalled pilots + decks. Percepta is GC’s new arm to actually operationalize: frontier research (LLMs + RLHF + optimization), data readiness, workflow redesign, and CEO-level buy-in. Already live across F500, gov, healthcare.
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It’s a privilege to announce that @SummaHealth has signed a Letter of Intent to be acquired by @GeneralCatalyst’s Health Assurance Transformation Company (HATCo): generalcatalyst.com/perspect…
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AI, in our view, creates a new startup advantage. But it requires a new mindset as well. In my latest @HarvardBiz piece with @FareedZakaria we explain how startups can thrive in this new age of AI: hbr.org/2024/10/ai-is-transf…
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The Health Assurance Transformation Company (HATCo), announced today at @HLTHEVENT as a new company owned by @GeneralCatalyst, is our next evolution in bringing proactive, affordable care to all and transforming the healthcare industry.
HATCo, led by CEO @MarcHarrisonMD with myself as Chairman, will be focused on three things: (1) Working with our 20+ Health System Partners, (2) Catalyzing the Health Assurance Ecosystem with our portfolio companies, and (3) Acquiring and operating a health system to serve as a blueprint for transformation for the world. HATCo will prove the transformative effect of empowered technologists, caregivers, and long-term capital to reinvent what healthcare can look like, with patients and their communities at the core. This is a new chapter in healthcare investing.
We are aligning interests, moving healthcare to a value-based care model that puts patient, provider, and payer in step together. We are focused on long-term capital (beyond the typical ten year fund cycle) with a dedication to local communities. And we are empowering health leaders to invest in innovation, rather than just the typical private equity model of intense cost cutting.
HATCo's leadership is the best to take on this challenge. Marc is one of the world's greatest healthcare leaders, having already transformed Intermountain into one of the most innovative and VBC-focused systems out there. @JosetteBeran's experience leading strategy at Cleveland Clinic brings additional world-class rigor and depth of expertise. With leaders like Daryl Tol, Ken Frazier, our Healthcare investors, and our groundbreaking founders, we've focused on diversity of thought with deep healthcare and clinical experience at the core.
We can't make the impact we want to in healthcare by just investing in innovative point solutions. Our mission is to invest in powerful, positive change that endures, and HATCo is the embodiment of this. Much more to come, and more on today's announcement here: generalcatalyst.com/perspect…
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The U.S.-India relationship is one of the most important in the world. In our latest @HarvardBiz piece with @FareedZakaria , we discuss how the technology and investing ecosystems in both countries must evolve for re-globalization: hbr.org/2023/04/the-u-s-indi… @generalcatalyst
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Welcome to the team, @anandc! The entire @generalcatalyst team is excited to bring its perspective and expertise to support your passion for the Indian ecosystem!
Thrilled to share that I am joining @generalcatalyst as a Partner and Investor, the first to be dedicated to focusing on 🇮🇳/🇺🇸 opportunities. Really grateful to @htaneja for the opportunity and to my Partners and colleagues at GC for your trust.
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Ken Chenault joins us at @gcvp. Enormous privilege for us. medium.com/general-catalyst-…
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(1/4) Today, @generalcatalyst is excited to announce we’ve led @CharmIndustrial’s $100M Series B to make a decarbonized and globally resilient future possible.
generalcatalyst.com/perspect…
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“The era of American hegemony is ending…we need to develop a new approach to company building, one that transcends, and ultimately redefines, venture capital.” A few thoughts on my latest @HarvardBiz piece with @FareedZakaria hbr.org/2023/02/geopolitics-…
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SVB crisis is what happens when our community fails to collaborate. We must commit to a new VC model: collaboration, responsible innovation, & appreciation of unintended consequences. We have a lot of work to do--together. My thoughts @theinformation: bit.ly/3ZNqK9I
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The time has come for the era of building companies for all stakeholders with great intentionality. Introducing my new book with @kmaney , Intended Consequences: How to Build Market Leading Companies with Responsible Innovation. bit.ly/3Iyb2XJ
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Today @commurehealth and @Athelas have agreed to combine, and in doing so have created a platform that can help achieve my vision for an ecosystem of Health Assurance companies that together transform health systems.
The combined Commure is aligned in its purpose to radically transform the patient and healthcare worker experience for the better, while driving affordability and customer centricity. And doing so profitably, as the best companies align purpose and profit. As part of this drive, we are also launching the Center for Health Assurance Transformation that Daryl Tol will lead to serve our trusted health system partners.
We're excited and confident in @Tanay_Tandon and Deepika Bodapati's leadership taking Commure forward, with we believe best-in-class product discipline and core artificial intelligence DNA. None of this would be possible without @azenooz, who has built Commure into what it is today and will continue as an Strategic Advisor. (And selfishly I am excited to work with Ash on other things together next)
Thank you @1armaanali and @HumandotCapital for being a great partner to our team in driving this. We are one step closer to having a platform company dedicated to health assurance. @generalcatalyst
generalcatalyst.com/perspect…
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Excited to share my new book, UnHealthcare: A Manifesto for Health Assurance. @sklasko and I lay out our vision for how tech and healthcare leadership can partner to create a resilient health system that provides digital and physical services, focusing on consumer experiences.
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Today, my new book, 𝙄𝙣𝙩𝙚𝙣𝙙𝙚𝙙 𝘾𝙤𝙣𝙨𝙚𝙦𝙪𝙚𝙣𝙘𝙚𝙨, is officially being released. Since the mid-90's the tech industry has been perfecting a playbook for maximizing growth. As leaders, we must create a new playbook for maximizing societal good.
intendedconsequences.com/
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Founders: Now is the time to diversify not panic. SVB is a huge loss for our community. If everyone had moved 3-6 mo. cash out of SVB vs. taking all out, SVB might still be standing. Now this is the move-don't repeat yesterday. Not helpful to keep speculating & create more panic
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The Transformation Principles, my new book, will be available in the US on September 23.
I am keen to share this book as a response to the moment we’re in – an era defined by compounding megatrends:
- The acceleration of the digital transformation that’s unfolded over the past 30 years, reorganizing every aspect of society. With AI, this trend is entering a new phase of speed and scope.
- Workforce transformation driven by this acceleration of AI, which will redefine the nature of work and human purpose. The impact on workforce will also affect whole nations and realign economic relationships as offshoring dynamics, education access, and pathways to higher-value work evolve.
- Sweeping geopolitical shifts across critical industries as nations race to build resilience in healthcare, energy, manufacturing, and defense
The Transformation Principles is a blueprint for navigating these shifts with ambition, responsibility, and urgency. These megatrends pose a unique opportunity for our innovation ecosystem to maximize profit and purpose, one that requires a new playbook that re-architects capitalism to be more inclusive, and sustainable.
The book outlines nine principles that have guided my work in building enduring companies to transform critical industries during my 20+ years at @generalcatalyst, learning from founders and from my own journey at GC transforming healthcare and venture capital itself. I share stories behind generational companies, how my own upbringing and education shaped me, and plenty of missteps along the way. Key principles include understanding the critical importance of a company’s soul, navigating the ambiguity of building a new future, embracing radical collaboration, and leading with generosity and a beginner’s mind.
Whether you’re a founder, investor, business leader, or young professional navigating this era of technological and geopolitical change, I hope this book is useful to you, or at least gives you new paradigms to consider around building companies designed not just for exit, but for long-term value creation.
More here: hemant-taneja.com/books #TheTransformationPrinciples
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Open-source AI has a critical role in our technological future, and we believe @MistralAI is quickly becoming a world leader. That's why @generalcatalyst has tripled down to co-lead their €600Mn Series B. More here: generalcatalyst.com/perspect…
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Right now is one of the most exciting times in innovation in history, but we can’t repeat the same mistakes of our past. As @darrenwalker of the @FordFoundation & I outline today in the @washingtonpost , with great AI promise comes great responsibility. washingtonpost.com/opinions/…
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Excited to welcome @teresacarlson, President of Flexport, & Lt. Gen. Scott Howell to @generalcatalyst to advance our Global Resilience thesis! Another proof point to our radical collaboration belief across sectors and the public + private spheres. generalcatalyst.com/perspect…
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I’m happy to announce UNSCALED, available 3/27/18. The book reflects on the impact of innovating w AI and the responsibility it brings unscaled.ai
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Incredibly proud of my partner and mentor Ken Chenault on his appointment to the board of this storied organization
reuters.com/article/us-berks…
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Really glad that @firstcitizens has entered into an agreement to purchase #SVB. We believe it is important that FC's leadership carries on the bespoke nature of SVB in the innovation ecosystem, and are excited to continue to invest in our relationship. nytimes.com/2023/03/27/busin…
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.@hippocraticai, led by @munjalshah, is addressing the healthcare worker shortage around the world, and we're expanding that mission today through a $53Mn Series A co-led by @generalcatalyst. Hippocratic's AI Agents have shown expertise + empathy. More: generalcatalyst.com/perspect…
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Our @generalcatalyst portfolio company @slateauto revealed their new customizable EV, made in the USA, for under $20K after incentives. A massive, impressive undertaking for a mission-driven team building American resilience. Congrats to Slate + the Re:build Manufacturing team.
The people spoke. We built. Meet the radically simple, radically affordable Slate. Reserve yours at Slate.auto
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Thrilled to welcome Madhu Namburi (@MadhuN53604) to @generalcatalyst as Managing Director. He will co-lead our Creation strategy with @marcbhargava, building and transforming businesses with applied AI at their core.
As one of the most creative investment bankers in the industry over the last 20 years, Madhu most recently served as Global Chair of Technology Investment Banking and as a capital markets leader with J.P. Morgan. He built incredible relationships across the technology sector and led some of the industry’s largest and most significant transactions.
I am very excited about our ability to work much closer with technology companies on their transformation to expand the scope of what our Creation strategy is doing. Madhu has led significant transactions in the tech sector - across major IPOs, M&A, and LBOs. He, along with our own @paulkwan, brings incredible leadership from banking to GC.
Madhu has been a close collaborator and partner with GC for a long time. I’m excited about GCs growing Famiglia with all the wonderful relationships Madhu has built over the years, and look forward to welcoming them all.
Veteran JPMorgan Chase technology banker Madhu Namburi is leaving the Wall Street bank after 25 years to join a venture capital firm bloomberg.com/news/articles/…
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Thrilled Ken Frazier is joining @gcvp as the Chairman of our Health Assurance Initiatives. Ken's experience in pharma and passion to work for a fairer and more equitable society will be invaluable to our firm. #healthassurance
link.medium.com/YPL35AbS4hb
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We’re entering a Digital Cold War between the U.S.-led technology world and China. In my latest @HarvardBiz piece with @FareedZakaria, we study how artificial intelligence has made this more clear and more important than ever: hbr.org/2023/09/ai-and-the-n… @generalcatalyst
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We at @GeneralCatalyst are proud to lead @HelsingAI's €209 million Series B, building the future of European Resilience in defense and artificial intelligence. More here: generalcatalyst.com/perspect…
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Discussing the RIL Responsible AI Commitments with Secretary Raimondo yesterday, various members of our group of VCs advocated for:
1. Importance of preserving open source, its pivotal role in establishing AI competitiveness, reframing political fear into opportunity, and its security benefits
2. Hedging geopolitical risks and preventing our best technology from falling into the wrong anti-democratic hands while not overreacting and restricting ourselves
3. How to create better feedback cycles so government hears from founders at all stages rather than just companies with massive resources and DC presence
4. Creating trust between enterprise customers and AI start-ups
5. The need to avoid bad/over regulation (like some EU proposals), and the key differences between internal governance and regulation
6. Regulation, IF ever developed, to be at application layers, not model layers
7. The need for AI talent in government (which can also unlock massive gov’t efficiencies if implemented internally)
We all want AI and our country + allies to succeed. Conversations and forums like these are how we accomplish that. And we need more diverse voices and debate from every end of the spectrum which is why we're eager to continue these conversations and bring more people in. My DMs are open.
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As COVID-19 affords us the iPhone moment for healthcare, we have the opportunity and responsibility to be highly intentional in the digital transformation of healthcare. Here are a few thoughts from @sklasko and me.
link.medium.com/JlizHWwCdcb
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Big news from @moonvalley: they’re launching Marey 1.0, the first clean AI model for videography built off fully owned/licensed content, respecting creatives' work. Part of @generalcatalyst Applied AI thesis, building industry-specific models, backed by our Creation strategy.
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Our focus on Civic technologies is an important part of the Responsible Innovation work that we, @gcvp, are focused on. Thanks, @KTmBoyle, for your leadership on this!
🚨Some BIG news 🚨: Proud to announce that General Catalyst is launching the Civic Vertical, our commitment to fund technology companies that touch government and important civic missions. Here’s more about our Civic Investment Thesis in @FortuneMagazine. fortune.com/2021/05/17/us-go…
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(1/6): We are entering the Age of Global Resilience. And today with my partner and @generalcatalyst MD Paul Kwan, we’re publishing our thesis on what this is and why we’re all-in: generalcatalyst.com/perspect…
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On Turpentine VC this week, @htaneja of General Catalyst joins @eriktorenberg talk about:
+ Hemant’s approach to being the CEO of the firm
+ Why General Catalyst decided to operate like a true company
+ @generalcatalyst's unfair advantage in healthcare
and more! Links to the full episode in thread.
And special thank you to @synaptic_data for supporting the show. If you’re looking to improve your sourcing, tracking, and due diligence, check them out.
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Excited to announce our investment in @EudiaHQ, led by @OmarAHaroun, w/ @generalcatalyst leading their Series A funding up to $105M to revolutionize how Fortune 500 legal teams operate with Augmented Intelligence. This is Applied AI in action. More here: generalcatalyst.com/stories/…
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(1/5) Today at @HLTHEVENT, @generalcatalyst announced our Health Assurance Ecosystem with 15 strategic health partners. This is the first ecosystem of its kind, connecting innovative systems with our portfolio & opening up new possibilities for innovators: bit.ly/3GftwO7
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Together with @MarcHarrisonMD and @DanForUtah, we are excited to share a strategic collaboration between @generalcatalyst and @Intermountain - bringing together our shared values and the vision to achieve #HealthAssurance.
generalcatalyst.com/gcamplif…
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Thrilled to announce the partnership with @HCAhealthcare & @gcvp - focused on building transformational opportunities at the intersection of healthcare and technology. Read why we are excited to work with CEO #SamHazen and the entire @HCAhealthcare team: generalcatalyst.com/gcamplif…
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So proud of @GustoHQ on this milestone. They have shown tremendous character to serve their customers, many of whom were so adversely impacted during the pandemic. This is the hallmark of true leadership. Delighted to be part of their journey.
gusto.com/company-news/serie…
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"Bigger is better" has run its course but large companies still have strengths to exploit — if they move fast. Read more from the first excerpt of my forthcoming book UNSCALED @mitsmr. sloanreview.mit.edu/article/…
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Very excited to finally be working with our pal @apoorva_mehta and the team at @Instacart. See @kydoh's thesis on why we invested out of our Endurance fund.
Consumers expect a frictionless digital experience that rivals the best apps, the convenience & personal recognition of the corner store, & quality that beats the farmers market. That's @Instacart and we're thrilled to welcome them to the GC family. medium.com/@gcvp/the-great-d…
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It's not frequent that you meet a team who natively understands the importance of building for longevity from day one like @GustoHQ does. Congrats to @joshuareeves & team on today's news!
gusto.com/company-news/serie…
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Thank you for having me on @goldmansachs ! Really enjoyed having this reflective dialogue with my pal Mike Brandmeyer
General Catalyst CEO Hemant Taneja believes we're in a “golden age” for venture capital investors. click.gs.com/zk2i #GSExchanges
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Unintended consequences of our work are very top of mind for all of us today. In this paper, Dean Nitin Nohria and I present a framework of company building for all stakeholders to think about these issues from the outset.
hbr.org/2021/01/managing-the…
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Rebooting semiconductor supply chains is a moonshot silicon valley needed to take on for US resilience. GC backed Substrate 3+ years ago. Stoked to see this unveiled today.
America invented semiconductors. We will lead again.
Substrate is building a next-generation foundry to return America to dominance in semiconductor production. To achieve this, we will use our technology—a new form of advanced X-ray lithography—to power them.
America invented semiconductors. We will lead again.
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Encouraged by President Biden's call for Responsible Innovation in AI after today's PCAST meeting. Echoes points @darrenwalker and I made in @washingtonpost last week. AI has amazing promise—we have to get it right w/ public + private sector collaboration washingtonpost.com/opinions/…
When it comes to AI, we must both support responsible innovation and ensure appropriate guardrails to protect folks’ rights and safety.
Our Administration is committed to that balance, from addressing bias in algorithms – to protecting privacy and combating disinformation.
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"Any attempts to limit our freedoms to think and speak our minds contradict the values that bind us together." Important piece by my @generalcatalyst partners @chenaultken + Ken Frazier going into Memorial Day weekend: washingtonpost.com/opinions/…
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Unscaled is now available! Thanks to all the founders who inspired this book. It’s been a challenging but worthwhile journey. amazon.com/Unscaled-Generati…
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AI has the potential to transform our world for the better, from cancer detection to individualized learning, drug development, & the way we work. But how do we get there? Our latest 20min @generalcatalyst documentary AI: A Fork in the Road explores this: piped.video/watch?v=GRm40K7K…
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Our VC Community wants Founders to be protected and prepared for anything. This Founder Considerations for Cash Management guide is critical: tinyurl.com/CashMgmtforFound… @BCapitalGroup @GGVCapital @GreylockVC @kleinerperkins @MayfieldFund @generalcatalyst
Founders, after this stressful week it's important to get cash management right. Together with @BCapitalGroup @GGVCapital @GreylockVC @kleinerperkins and @MayfieldFund, we at @generalcatalyst have put together Founder Considerations for a Cash Management Policy. Please spread within your founder communities.
tinyurl.com/CashMgmtforFound…
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We've had a lot of progress in our health assurance movement, bringing proactive, accessible, affordable care to all. I wanted to recap it all as we head into our biggest year yet @generalcatalyst
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To our Ukrainian founders and CEOs, limited partners, 2000+ portfolio company colleagues, and the people of Ukraine, we stand with you in solidarity. #standwithukraine
generalcatalyst.com/gcamplif…
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(5/5) We’re excited for this to serve a potential massive unlock for companies like @fivetran, @kandjimdm, SuperPlay, @Ro, @TravelPerk & more. We believe this is an important innovation and we're lucky to have a team thinking through every possibility to make founders successful.
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Kenneth I. Chenault and I penned this piece to given the importance of responsible innovation in our future work at @gcvp and hopefully, by our industry at large. We have a lot to learn together in this regard and welcome any thoughts. #responsibleinnovation
In @barronsonline, @ChenaultKen and @htaneja share how tech innovators can be better global citizens. @gcvp
invites fellow investors, founders, executives, and leaders to work with us to develop responsible innovation standards of leadership: barrons.com/articles/how-tec…
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It was a pleasure to meet with British Prime Minister @Keir_Starmer in London at @10DowningStreet this week to discuss the transformation of the UK into an even more dynamic, innovative nation.
We focused on Healthcare + Defense as two critical areas where the UK is investing heavily in bringing into the AI Era, and where @generalcatalyst + our portfolio companies are focused on helping.
These are priorities for every government, everywhere I go:
-The pandemic revealed how unstable and unaffordable our health systems are, whether private or public sector led.
-And the changing nature of war, both from a geopolitical and technological angle, showed our need for investment in modern deterrence that governments can afford.
AI can make a huge difference in both industries, and I am glad that leaders like PM Starmer agree. Excited to do more here.
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Much has been accomplished from the day @GlenTullman began building the @Livongo team in our office five years ago to today with the company helping thousands live healthier lives. Thanks & appreciation goes out to everyone at Livongo! It's an honor and a privilege.
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Last week's IPO was a clear milestone for @Samsara. @generalcatalyst believes @Samsara is a market-leading company that will continue to serve its stakeholders and have an enduring impact. Congratulations to Sanjit, John and the entire team generalcatalyst.com/gcamplif…
#samsaraipo
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Thanks to @business for your reporting: bloomberg.com/news/articles/…
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We've been very focused on enabling open innovation in healthcare. If you'd like to join us in working on these problems, dm me so we can chat.
Healthcare tech has lagged behind other industries in part because it faces several unique challenges. Founder/investor @htaneja set out to change that today with the introduction of @CommureHealth, an important step forward for innovation. medium.com/@gcvp/announcing-…
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Wonderful new series from @ClassDojo & @micheleborba to help kids develop the “kindness habit” over the summer. 9 weeks of fun activities families can do together. If you have kids, definitely check it out! classdojo.com/summer-kindnes… #SummerKindnessSeries #Kindness
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I'm looking forward to doing my first Reddit AMA tomorrow. I will tackle questions on my new book UNSCALED, venture trends, entrepreneurship, and the timely topic of responsible innovation. I'll be "on air" starting at 10 am PT Friday, March 30th.
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At the Paris AI Summit @jcfurstenberg is unveiling the EU AI Champions Initiative (#EUAICI):
-60+ of Europe’s largest companies advancing AI
-20+ firms investing €150Bn towards AI
-Govt engaging on policy to accelerate
More here: aichampions.eu @generalcatalyst
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We are excited to partner with another mission driven #healthassurance company that should operate as a public company in its next phase. All ideas welcome - we have the team, aligned capital and ambition to be difference makers!
Health Assurance Acquisition Corp., a Stakeholder Aligned Initial Listing company, is now #NasdaqListed. Congratulations to HAAC's management team including @htaneja, Evan Sotiriou, @sklasko, @AnitaPramoda, @DrJSchneider, & @GlenTullman. Welcome to GC! generalcatalyst.com/gcamplif…
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I wrote this piece on algorithmic accountability ... comments/insights welcome!
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Excited to announce @awscloud + @generalcatalyst are launching a first-of-its-kind collaboration to transform the healthcare ecosystem, powered by cloud computing and generative AI. Proud to launch w/ AWS CEO Matt Garman; just the first of industries we can transform together.
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2017 has been a year of great excitement and anxiety for me when it comes to technology investing. Some reflections in the article below.
The tech industry needs to move towards responsible innovation in 2018 tcrn.ch/2BRQnMq by @htaneja
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"If we don't hustle and figure out the real potential of these technologies, the world will be put in a challenging position" - @nanransohoff
bloomberg.com/news/articles/…
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Today is also an important step in GC’s journey to transcend venture capital. We ambitiously want to solve the world’s hardest problems, however that should be done. Thank you to the many teams who have worked hard to make this agreement a reality.
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(4/4) As a global investment and transformation company, we seek outsized impact using applied AI and global resilience to address the world’s greatest challenges. We believe this has to include venture capital as well as many other solutions. We’re heartened to have a global limited partner base that believes in this same mission.
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We want to hear from all the great founders who are focused on transforming healthcare for the better and how you can help Summa and HATCo. We’re of course honored to already work with great founders who are actively part of this health assurance mission and believe in HATCo.
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(4/5) GC pre-funds a company's S&M budget & is only paid back from the customer value created from that spend, up to cap. All upside beyond goes to the company. The strategy is designed for GC to own downside risk w/o the company coming out of pocket if the S&M does not perform.
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My recent article on climate change and energy ... “@TechCrunch: Unscaling Energy tcrn.ch/2112cFW by @htaneja”
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when your daughter asks for Alexa while holding an iphone, you know @amazon is winning the voice battle!
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We've already done this with companies like @hippocraticai and Crescendo, with much more potential on the horizon.
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@Stripe & Commerce are akin to AWS & Computing. Exciting times ...
Our friends at @stripe are building an incredible company. We're honored to be a continuing part of their journey. wsj.com/articles/stripes-val…
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And with these greater challenges comes an ever more urgent call for responsible innovation and radical collaboration among investors, company builders, policymakers, and industry partners. Venture has the opportunity to rise to the occasion; we must do it right. @generalcatalyst
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Huge congrats to Kensho and @Larrybohn. From an idea started at GC to the largest AI acquisition ever. forbes.com/sites/antoinegara…
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"We still have a list four times longer of the things we would like to do" - @collision
forbes.com/sites/alexkonrad/…
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(5/6): We’re proud of our portfolio companies already in this space, like @anduriltech, @vannevarlabs, @eeki_foods, @boweryfarming, @samsara, @appliedint, and more. We’re eager to continue supporting ambitious founders changing the world, in the idea stage and beyond.
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