"After leading General Catalyst's seed strategy for years, Niko Bonatsos has departed the firm. Known for backing an IPO-hopeful Discord and the $10 billion startup Mercor, Bonatsos told TechCrunch he intends to launch a new early-stage VC firm alongside "friends." Bonatsos is the latest investor to leave General Catalyst, a firm that recently expanded beyond the traditional venture model. Over the last few years, General Catalyst unveiled a wealth management business, a strategy focused on PE-style AI roll-ups,"
"Bonatsos said he has yet to choose a name for his new firm or begin fundraising. He declined to specify the size of his team, noting only that the individuals he is considering include founders and investors "at the top of their game." Some of the themes Bonatsos intends to pursue include backing young founders, a trend he claims to have identified several years ago, before it became popular in the industry."
Niko Bonatsos departed General Catalyst after leading its seed strategy and plans to launch a new early-stage venture firm with partners. He previously backed notable companies including Discord and Mercor. He has not yet named the new firm or begun fundraising and is considering a team that includes founders and investors he describes as top of their game. His investment themes emphasize backing young founders and consumer businesses, which he views as underappreciated amid a market heavy on enterprise-focused AI startups. General Catalyst has broadened into wealth management, PE-style AI roll-ups, and a Customer Value Fund offering non-dilutive financing. Several other senior investors have recently left General Catalyst.
Read at TechCrunch
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