The Future of Venture Capital

Hemant Taneja is the CEO of General Catalyst, and runs the firm like a true business: defining its mission and values, approaching the product from a problem-solving perspective, and more. If you’re looking to improve your sourcing, tracking, and due diligence, check out: http://synaptic.com/turpentine

We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.

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SPONSORS:

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Synaptic unifies over one hundred real-time company performance metrics across alternative datasets like user traffic, employee data, app downloads, product reviews, and more. It’s your all-in-one source for alternative data that helps you make better investment decisions. To learn how Synaptic can improve your sourcing, tracking, and due diligence, visit http://synaptic.com/turpentine

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RECOMMENDED PODCAST: LIVE PLAYERS

Join host Samo Burja and Erik Torenberg as they analyze the mindsets of today’s most intriguing business leaders, investors, and innovators through the lens of their bold actions and contrarian worldviews. You’ll come away with a deeper understanding of the development of technology, business, political power, culture and more. LIsten and subscribe everywhere you get your podcasts: https://link.chtbl.com/liveplayers.

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Join our free newsletter to get Erik's top 3 insights from each episode every week: https://turpentinevc.substack.com/

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RELATED SHOWS:

If you like Turpentine VC, check out our show The Limited Partner with David Weisburd, where David talks to the investors behind the investors: https://link.chtbl.com/thelimitedpartner

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X / TWITTER:

@htaneja (Hemant)

@eriktorenberg (Erik)

@generalcatalyst

@TurpentineVC

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TIMESTAMPS:

(00:00) Episode Preview

(00:53) How Hemant took over as CEO of General Catalyst

(03:31) Why General Catalyst decided to operate like a true company

(05:15) The vision for General Catalyst

(08:15) How GC thinks about a16z and the future of investing

(10:52) GC's governance in relation to their vision

(11:59) Sponsor: Synaptic

(13:01) Hemant on how macro determines GC's strategy

(14:59) The future of VC and how the asset class is evolving

(17:04) More on GC's responsible innovation thesis

(19:28) The difference between GC and a16z

(20:32) Hemant explains GC's unfair advantage in healthcare

(22:47) How GC's strategy is differentiated

(24:05) GC's incubation strategy

(26:02) GC's customer value strategy

(27:23) How Hemant thinks about launching firm products

(29:11) On GC's global resilience practice

(30:49) Sponsor: Pesto Tech

(31:40) On why GC has been so successful in digital health, and the future of that space

(33:23) Hemant’s request for startups in healthcare

(35:13) Opportunity areas for emerging managers today

(37:06) Hemant's approach to talent cultivation and retention

(39:24) Where does General Catalyst fit into the venture ecosystem?

(41:11) On radical collaboration