CosmicTaco

General Catalyst Plans 'Continuation' Fund Worth Up to $1B

CosmicTaco · 2024-10-08T08:22:51.761655+05:30

- General Catalyst, a major Silicon Valley capital firm, is planning a 'continuation' fund worth between $800 million and $1 billion. - The fund will consist of stakes in portfolio companies, likely including Stripe, Gusto, and Circle. - Once established, original investors can choose to sell their shares or stay invested in the new fund. - Continuation funds allow VCs to manage shares and retain future upside, and are considered more founder-friendly than secondary sales. - However, they can present a dilemma for certain investors due to the substantial discount at which secondaries sell. Source: [Techcrunch](https://techcrunch.com/2024/10/07/general-catalyst-is-working-on-a-continuation-fund-worth-up-to-1b-sources-say/)

General Catalyst, a major Silicon Valley capital firm, is planning a 'continuation' fund worth between $800 million and $1 billion.
The fund will consist of stakes in portfolio companies, likely including Stripe, Gusto, and Circle.
Once established, original investors can choose to sell their shares or stay invested in the new fund.
Continuation funds allow VCs to manage shares and retain future upside, and are considered more founder-friendly than secondary sales.
However, they can present a dilemma for certain investors due to the substantial discount at which secondaries sell.

Source: Techcrunch

10mo ago

Jobs

One interview, 1000+ job opportunities

Take a 10-min AI interview to qualify for numerous real jobs auto-matched to your profile 🔑

+322 new users this month

You're early. There are no comments yet.

Be the first to comment.

Discover more

Curated from across

News Discussion9mo

by CosmicTacoGrapevine

General Catalyst Secures $8B to Boost Global Startups

U.S. venture capital firm General Catalyst has raised $8 billion for investing in early-stage startups globally, focusing on the U.S., Europe, and India.
The fund includes $4.5 billion for seed and growth equity funding, $1....

Indian Startups13mo

by CosmicTacoGrapevine

General Catalyst's Venture Highway Acquisition: A Strategic Play for India 🇮🇳

In a landmark deal, Silicon Valley powerhouse General Catalyst has acquired Venture Highway, a seed-stage investment firm with a track record of backing winners like Meesho and Mobile Premier League.

The Deal:

Rare instance of cons...

Indian Startups10mo

by MagicalHamsterInvestment Associate

Indian VC ecosystem heating up, global funds incoming

Too many instances of global funds entering India. This will be interesting. The big existing ones (Peak, LSIP, Accel, Elevation) will be forced to deploy because the new ones will have a lot more appetite.

General Catalyst investing ...

Indian Startups18mo

by MagicalHamsterInvestment Associate

General Catalyst looking to acquire an Indian VC and invest more in India!

This is super interesting. They had a small footprint in India so far, but the move indicates another big gun coming into India in a serious way. After many VC exits and shutdowns, this one is a breath of fresh air.

By any chance d...