Venture

General Catalyst loses three top investors as the firm expands beyond venture, contemplates IPO

Three key investors have left General Catalyst amidst a series of recent changes at the firm, which now describes itself as an “investment and transformation company,” TechCrunch has learned. The departed managing directors include Deep Nishar and Kyle Doherty, who co-led General Catalyst’s late-stage strategy known as Endurance, and Adam Valkin, one of the three […]

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General Catalyst is reportedly weighing a potential IPO

General Catalyst, the powerhouse venture firm, is considering an IPO, Axios reported Friday morning, citing “multiple sources.” TechCrunch has reached out to the firm’s managing partner, Hemant Taneja, for comment. In the meantime, those following General Catalyst’s trajectory won’t be surprised by the prospect. Founded 25 years ago as a small Cambridge, Mass.-based venture firm,

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Sequoia’s Roelof Botha warns ‘chumps’ not to buy into SPVs

One of Sequoia’s most prominent investors, managing partner Roelof Botha, sees signs of another greed cycle brewing in venture capital, one where the least sophisticated investors will likely get most hurt. He posted a warning on X on Thursday, writing, “We remain destined to repeat the mistakes of the past! SPVs are making a come-back,

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a16z hires former Republican congressman Patrick McHenry as advisor

Former North Carolina congressman Patrick McHenry announced Wednesday that he landed a job with VC firm Andreessen Horowitz. He will be a senior advisor. His post on X said little about what the job entails, except to be advocating for startups (which a16z likes to call “little tech”) with policymakers. Andreessen Horowitz did not immediately

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Maternity clinic Millie nabs $12M Series A from an all-star, all female class of VCs

Millie, a California-based maternity clinic, founded by Anu Sharma, announced the raise of a $12 million Series A by investors including RH Capital, TMV, and Melinda French Gates’ Pivotal Ventures.  Sharma was inspired to launch the company after the birth of her daughter in 2019. She faced pregnancy complications and, as the child of a

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Chris Farmer of SignalFire is betting the venture industry will never look the same

In this episode of StrictlyVC Download, Connie Loizos is joined by SignalFire founder Chris Farmer to discuss the current state of venture capital. With many startups stuck in financial limbo and no clear path to exit, Farmer shares why he believes the industry has a structural problem. He also gives his perspective on new funding

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Thoma Bravo raises €1.8B for its first European fund

Private equity firm Thoma Bravo has closed its inaugural European fund at €1.8 billion ($1.9 billion), through which it plans to take equity stakes in mid-sized software companies across the continent. Europe has no shortage of homegrown venture capital (VC) funds — the likes of Atomico and Cherry Ventures have closed early and growth-stage funds

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