General Catalyst, the Powerhouse venture firm, is considering an IPO, Axio reported on Friday morning, citing “numerous sources”.
Techcrunch has reached the firm’s management partner, Hemant Tanja, for comment. Meanwhile, those who follow the trajectory of General Catalyst will not be surprised by the perspective.
Founded 25 years ago as a small Entrepreneurship firm in Cambridge, based on Mass, General Catalyst (GC) began with $ 73 million in capital engagements. A decade later, armed with balloon assets and cash actions in software companies such as Demandware and BrightCove, Tanja and then Neil Sequeira partner set up a charming white white building at Avenue University in Palo Alto. There, the GC soon made its mark in the Gulf area, cutting off software deals remembering its successes on the east coast, and also established deep links with yn -deleted y. In 2011, the firm provided an action on Airbnb. In 2012, she was committed to supporting any view of the beginning of the Invisible Y combicant.
That same year, in July 2012, the GC led Serie B round for stripe – now the most successful aluminum of y Combinator with appreciation, although the giant Fintech claims there are no “immediate plans” to go public.
Meanwhile, the GC itself has increased exponentially. Although Sequeira left in 2015 to start his store, GC today has a widespread team with 20 management directors, over $ 30 billion wealth and office by San Francisco in Bengaluru. It has also expanded beyond the traditional investment of the enterprise. As we noticed in October after talking to Tanja about a podcast, the firm is almost unknown by its previous self. Among other movements, it has begun funding products, supported a wealth management business, is in the process of acquiring a small health care system in Ohio, and bought two smaller venture firms.
A question that Axios asks – and it’s good – is whether GC will be the first venture firm to be made public. It’s not just a question if the firm decides to move forward, but if the simple conversation about an offer speeds up the plans of other heavyweight firms like Andereessen Horowitz, which seem to have their own eyes at the same price.
