Tag: General Catalyst
New guidance on SBA loans means most startups are still excluded from $349 billion stimulus
Under new guidance issued by the Small Business Administration it seems non-profits and faith-based groups can apply for the Paycheck Protection Program loans designed to keep small business afloat during the COVID-19 epidemic, but most venture-backed companies are still not covered. Late Friday night, the Treasury Department updated its rules…
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Longtime VC Neil Sequeira: funding founders without in-person meetings is ‘quite difficult’
Neil Sequeira was a managing director with General Catalyst for more than 13 years before co-founding early-stage firm Defy several years ago with another veteran of the industry, Trae Vassallo, who’d spent the dozen years prior with Kleiner Perkins. We caught up with Sequeira yesterday afternoon and discussed whether he’s…
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Proposed amendments to the Volcker Rule could be a lifeline for venture firms hit by market downturn
In the wake of the financial crisis, Congress passed regulations limiting the types of investments that banks could make into private equity and venture capital funds. As cash strapped investors pull back on commitments to venture funds given the precipitous drop of public market stocks, loosening restrictions on the how…
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General Catalyst just announced $2.3 billion in new capital commitments across three funds
General Catalyst, the 20-year-old venture firm that has been bulking up in recent years, announced this morning that it has secured $2.3 billion in capital commitments across three funds: a $600 million early-stage fund, a $1 billion growth fund for companies with $10 million-plus in annual revenue, and a $700…
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The Station: Bird and Lime layoffs, pivots in a COVID-19 era and a $2.2 trillion deal
Hello folks, welcome back (or hi for the first time) to The Station, a weekly newsletter dedicated to the all the ways people and packages move around this world. I’m your host, Kirsten Korosec, senior transportation reporter at TechCrunch. I also have started to publish a shorter version of the…
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GC’s Niko Bonatsos on Y Combinator, edtech and investing in the shadow of coronavirus
‘Assume that your budget and everything is going to get recut’ Danny Crichton 7 hours This week, Extra Crunch hosted a call with General Catalyst managing director Niko Bonatsos to discuss a number of startup topics, including what the novel coronavirus is doing to investing in the Valley, as well…
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