Draft:General Catalyst
Submission declined on 1 November 2023 by Robert McClenon (talk). This draft's references do not show that the subject qualifies for a Wikipedia article. In summary, the draft needs multiple published sources that are:
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Submission declined on 15 June 2023 by Herpetogenesis (talk). This submission appears to read more like an advertisement than an entry in an encyclopedia. Encyclopedia articles need to be written from a neutral point of view, and should refer to a range of independent, reliable, published sources, not just to materials produced by the creator of the subject being discussed. This is important so that the article can meet Wikipedia's verifiability policy and the notability of the subject can be established. If you still feel that this subject is worthy of inclusion in Wikipedia, please rewrite your submission to comply with these policies. |
- Comment: See Wikipedia:Articles for deletion/General Catalyst.This draft is written from the viewpoint of the company, focusing on what the company says about itself. Corporate notability is based on what independent reliable sources have written about the subject.Not every business corporation is notable, and this draft does not establish corporate notability. You may ask for advice about corporate notability at the Teahouse. Robert McClenon (talk) 16:53, 1 November 2023 (UTC)
- Comment: Thank you for your feedback @HerpetoGenesis. I've made the changes. :) Justwatchmee (talk) 19:29, 1 September 2023 (UTC)
- Comment: Please remember that this is an encyclopedia, not a promotional press release. Try to clean up wording such as:"The firm makes capital investments and takes an active role in building up each company.""Led a show of VC support" HᴇʀᴘᴇᴛᴏGᴇɴᴇꜱɪꜱ (talk) 00:51, 15 June 2023 (UTC)
- Comment: See Wikipedia:Articles for deletion/General Catalyst Partners.
General Catalyst is a U.S.-based venture capital (VC) firm that makes early stage and growth investments.[1][2][3][4] The firm has invested in global companies, including Airbnb, Kayak, Datalogix, Datto, Livongo, Gusto, Warby Parker, Oscar, Deliveroo, Lemonade, Stripe, and Snap.[5][3][6][7]
History[edit]
General Catalyst was founded in 2000 in Massachusetts by Joel Cutler and David Fialkow.[6][8][9][10] In 2010, the company opened a Silicone Valley office.[11] In 2021, the firm managed more than $8 billion in assets.[12] In February 2022, it raised $4.6 billion for its 11th general fund.[13] This brought the firm’s total raised in its 20-year history to $14.75 billion.[13]
In 2021, the firm opened a London office.[14][15] By September 2022, General Catalyst had invested in 17 European startups.[16] In April 2023, the company had invested in 25 Indian startups, including CRED, Uni, Spinny, Orange Health, FarMart, and Loop Health with investments ranging in all stages.[17]
In March 2023, General Catalyst was a supporter of the Silicon Valley Bank (SVB), after U.S. regulators shut down after a significant number of the bank’s customers sought to withdraw funds after dropping stock prices.[18][19] General Catalyst, which was a SVB customer,[20] organized a joint statement of support signed by more than 110 venture capital firms.[18]
As of 2020, it was ranked as one of America's largest venture capital firms.[21]
Investments[edit]
General Catalyst makers capital investments in seed-stage companies, early-stage businesses and later-stage companies.[22][23][24]
Healthcare fund[edit]
In 2021, General Catalyst raised $600 million for a new Health Assurance Fund.[25][26] In July 2022, the firm raised an additional $670 million.[13] The money is invested in healthcare businesses.[25][27][28] General Catalyst has been the most active investor in healthcare since the beginning of 2020.[29][30]
In October 2023, the company announced plans to acquire a health system and "then use it as a proving ground for technology that its portfolio companies sell, including generative artificial intelligence-powered solutions applied to health care problems."[31]
References[edit]
- ^ Jennings, Katie. "Defying Pullback In Investments, General Catalyst Launches $670 Million Healthcare Fund". Forbes. Retrieved 2023-06-05.
- ^ Chernova, Yuliya (2023-07-12). "Venture Firm General Catalyst Seeks Bigger Funds Despite Market Downturn". Wall Street Journal. ISSN 0099-9660. Retrieved 2023-10-23.
- ^ a b "VC General Catalyst to boost India investments". The Times of India. 2023-04-25. ISSN 0971-8257. Retrieved 2023-06-05.
- ^ Chernova, Yuliya. "Goldman Sachs to Buy $200 Million Stake in General Catalyst". WSJ. Retrieved 2023-07-17.
- ^ Farrell, Maureen (2021-11-08). "A former SoftBank executive will join the Silicon Valley venture firm General Catalyst". The New York Times. ISSN 0362-4331. Retrieved 2023-06-14.
- ^ a b Bertoni, Steven. "Venture Capital Firm General Catalyst Raises $2.3 Billion Amid Coronavirus Crisis". Forbes. Retrieved 2023-06-05.
- ^ Alspach, Kyle (Dec 23, 2013). "General Catalyst raises $675M seventh fund, cites growing focus on Silicon Valley". www.bizjournals.com. Retrieved 2023-06-13.
- ^ Jennings, Katie. "Defying Pullback In Investments, General Catalyst Launches $670 Million Healthcare Fund". Forbes. Retrieved 2023-06-05.
- ^ Maheshwari, Sapna (2021-11-08). "Macy's plans to raise wages and offer tuition assistance in the race for hourly workers". The New York Times. ISSN 0362-4331. Retrieved 2023-06-05.
- ^ "Venture firm General Catalyst loses co-founder". Fortune. Retrieved 2023-09-08.
- ^ "General Catalyst closes $675M fund to expand presence in Silicon Valley". VentureBeat. 2013-12-23. Retrieved 2023-06-13.
- ^ Kruppa, Miles (2021-09-29). "General Catalyst launches fund to buy future earnings of tech start-ups". Financial Times. Retrieved 2023-06-09.
- ^ a b c Jennings, Katie. "Defying Pullback In Investments, General Catalyst Launches $670 Million Healthcare Fund". Forbes. Retrieved 2023-06-14.
- ^ Hammond, George (2023-10-16). "General Catalyst in German VC tie-up as part of European tech push". Financial Times. Retrieved 2023-10-23.
- ^ Butcher, Mike (2021-02-04). "General Catalyst pushes farther into Europe/Israel, hiring Chris Bischoff for London office". TechCrunch. Retrieved 2023-06-09.
- ^ Lewin, Amy (December 14, 2021). "US VC giant General Catalyst has opened an office in Europe".
- ^ "General Catalyst expects to invest $100 million in Indian start-ups". www.thehindubusinessline.com. 2023-04-25. Retrieved 2023-06-09.
- ^ a b Joyner, April. "More than 110 VC firms, led by General Catalyst, are banding together in support of Silicon Valley Bank". Business Insider. Retrieved 2023-06-09.
- ^ "Top VCs in a huddle to discuss Silicon Valley Bank collapse, vow to be 'supportive'". The Economic Times. 2023-03-11. ISSN 0013-0389. Retrieved 2023-06-09.
- ^ "More than 1,000 VC, PE, and investment firms held capital at SVB in 2022". Fortune. Retrieved 2023-06-14.
- ^ Chernova, Yuliya (2023-07-12). "WSJ News Exclusive | Venture Firm General Catalyst Seeks Bigger Funds Despite Market Downturn". Wall Street Journal. ISSN 0099-9660. Retrieved 2023-11-21.
- ^ "Top 10 venture capital firms: General Catalyst". fintechmagazine.com. 2020-06-25. Retrieved 2023-06-09.
- ^ Loizos, Connie (2019-03-18). "General Catalyst just carved out an aggressive new seed-stage program -- here's what to know". TechCrunch. Retrieved 2023-06-09.
- ^ Bruce, Giles (2022-08-29). "General Catalyst: Why the VC firm with an unassuming name should have healthcare's attention". www.beckershospitalreview.com. Retrieved 2023-06-09.
- ^ a b Konrad, Alex. "General Catalyst Doubles Down On Healthcare With $600 Million New Fund". Forbes. Retrieved 2023-06-14.
- ^ Szkutak, Rebecca (2023-10-14). "Why does General Catalyst want to buy a healthcare system?". TechCrunch. Retrieved 2023-10-23.
- ^ Chernova, Yuliya. "WSJ News Exclusive | Venture Firm General Catalyst Seeks Bigger Funds Despite Market Downturn". WSJ. Retrieved 2023-07-17.
- ^ "General Catalyst announces new healthcare company, intent to purchase health system". MobiHealthNews. 2023-10-10. Retrieved 2023-10-23.
- ^ Szkutak, Rebecca (2023-10-14). "Why does General Catalyst want to buy a healthcare system?". TechCrunch. Retrieved 2023-11-21.
- ^ Jennings, Katie. "Why VC Firm General Catalyst Wants To Spend Billions To Buy A Hospital System". Forbes. Retrieved 2023-11-21.
- ^ Ravindranath, Mohana (2023-11-01). "Venture capitalists want to own hospitals. Can they do better than private equity?". STAT. Retrieved 2023-11-21.