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 […] © 2024 TechCrunch. All rights reserved. For personal use only.
General Catalyst, a venture capital firm managing $32 billion in assets, has experienced the departure of three key managing directors: Deep Nishar, Kyle Doherty, and Adam Valkin. These departures coincide with the firm's strategic expansion beyond traditional venture capital into areas like wealth management and healthcare, as well as a shift in compensation from equity to cash bonuses. General Catalyst has also made leadership changes, including appointing new top partners after merging with La Famiglia and acquiring Venture Highway. The firm is reportedly considering an IPO, with recent reports suggesting it is in the early stages of contemplating a public offering. General Catalyst declined to comment on the departures.
