inflation rate jumped over 20 percent in November, official data showed on December 3, 2021, after a currency crisis last month in which the Turkish lira hit record lows against the dollar. Nobody would call General Catalyst a small fish. But there are a lot of new interesting details in recently released news, about how this VC firm is spending around $8 billion to pursue novel strategies in applying AI to the business world.
“The $800M Creation fund allows us to place a renewed focus on company creation and productize that approach–working with entrepreneurs and execs to either hatch or fundamentally transform companies in our core areas of interest. GC’s hatch strategy has always been foundational to the firm, and was a driver of some of our notable early successes . Supported by our growing team of Executives-In-Residence, we intend to expand our efforts around original thesis development and company building.
“Behind the moves that we are making is the fundamental observation that venture capital does not scale – there are the same number of outlier companies, whether you make the funds bigger or … smaller.” Fürstenberg , for her part, also makes some interesting comments on the nature of AI investment. Take a look at this, which
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