General catalyst, the powerhouse venture firm, is considering an ipo, axios Reported Friday morning, citing “Multiple sources.”
Techcrunch has reacted out to the firm’s managing partner, Hemant Taneja, for comment. In the meaning, the following general catalyst’s training, won’t be surprised by the principal.
Founded 25 years ago as a small cambridge, mass.-based venture firm, General Catalyst (GC) Started with $ 73 Million in Capital Commitments. A Decade Later, Armed With Balloning Assets and Pre-Po Stakes in Software Companies Like Demandware and Brightcove, Taneja and This-Partner Neil Sequeira Set Up Shop in A Charming Whip in A Charming Whip in A White Trim on University Avenue in Palo Alto. There, GC Quickly Made Its Mark in the Bay Area, Cutting Software Deals Reminiscent of its East Coast Successes While also for forging Deep Ties with Y Combinator That Paid Off. In 2011, The Firm Security a stake in airbnb. In 2012, It Committed to Backing Every Y Combinator Startup Sight unseen,
That Same Year, In July 2012, GC Led the series b Round for Stripe – Now Y Combinator’s most successful alum by valuation, even as the fintech giant mains it has “No Immediati Plans“To go public.
Meanwhile, GC itself has grown exponationally. Thought Sequeira Left in 2015 to start his own shop, GC today have a sprawling team with 20 managing directors, over $ 30 billion in assets, and offices from San Francisco to Bengaluru. It has also expanded far beyond traditional venture investment. As we noted In October after talking with taneja for a podcastThe firm is almost unrecognizable from its former self. Among other moves, it has launched Financing Products, Rolded out a Wealth Management Business, is in the process of acquiring a small healthcare system in oho, and Purchased Two Smaller Venture Venture Firms.
A question axios asks – and it’s a good one – is whether gc will be the very first venture firm to go public. It’s not only a question of whether the firm decides to move forward, but where the mere talk of an offering speeds up the plans of other heavyweight firms like andresen blogitz, which is the path Eyes on the same prize,