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General Catalyst , the powerhouse speculation firm , is considering an IPO , AxiosreportedFriday morning , cite “ multiple root . ”
TechCrunch has reached out to the firm ’s managing cooperator , Hemant Taneja , for commentary . In the meanwhile , those follow General Catalyst ’s flight wo n’t be surprised by the outlook .
Founded 25 years ago as a low speculation firm in Cambridge , Massachusetts , General Catalyst ( GC ) started with $ 73 million in capital commitments . A decade later , arm with ballooning assets and pre - IPO stakes in software companies like Demandware and Brightcove , Taneja and then - partner Neil Sequeira set up workshop in a charming white-livered construction with snowy trim on University Avenue in Palo Alto . There , GC quickly made its sucker in the Bay Area , cutting computer software good deal remindful of its East Coast success while also forging mysterious railroad tie with Y Combinator that pay off . In 2011 , the business firm secured a stakes in Airbnb . In 2012 , it committed to back every Y Combinator startupsight unseen .
That same year , in July 2012 , GCled the Series Bround for Stripe — now Y Combinator ’s most successful alum by valuation , even as the fintech goliath maintains it has “ no immediate plans ” to go public .
Meanwhile , GC itself has grown exponentially . Though Sequeiraleftin 2015 to commence his own shop , GC today has a sprawling squad with 20 managing directors , over $ 30 billion in assets , and offices from San Francisco to Bengaluru . It has also expanded far beyond traditional speculation investing . As wenotedin October after talking with Taneja for apodcast , the firm is almost unrecognizable from its former self . Among other movement , it has launched financing products , hustle out a wealthiness management line , is in the process of acquiring a little health care arrangement in Ohio , and purchased two small speculation firms .
A doubtfulness Axios asks — and it ’s a undecomposed 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 also whether the simple talking of an offering speed up the plans of other heavyweight business firm like Andreessen Horowitz , which seem to have theireyes on the same prize .
