Goldman Sachs Exchanges General Catalyst CEO Hemant Taneja on mission-driven investing, health assurance, and AI’s transformation advantage
Oct 6, 2023
Hemant Taneja, CEO of General Catalyst, discusses the venture capital landscape, role of technology, and investing in Stripe. He emphasizes responsible innovation, expansion into India and Europe, and the power of AI and collaboration for a sustainable future.
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Mission-Driven Investing
- General Catalyst's mission is to invest in positive, enduring change, focusing on companies that create a positive impact.
- They believe that enduring, growing companies lead to compounding investments and high performance.
Evolution of General Catalyst
- General Catalyst's shift to mission-driven investing started in 2014, guided by a desire to build an enduring firm.
- Ken Chenault joined as chairman, influencing their focus on mission and values.
Responsible Innovation
- Responsible innovation considers the long-term societal impact of technology, particularly in core societal areas.
- It involves a different governance mindset than traditional venture capital, focusing on responsibility and societal interests.