20VC: General Catalyst CEO Hemant Taneja on The Future of Venture Capital: Chanel vs Walmart | Lessons Scaling GC to $40BN in AUM | Investing $5BN+ Into Stripe Over 14 Rounds | Investing Hundreds of Millions into Anthropic at $60BN Valuation

**Hemant Taneja** (0:00)
Our aspirations in Venture Capital is to be the best seed firm in the world. Venture Capital can't scale and performance at the same time. I deeply believe that. Just because we have more money doesn't mean there are more Patrick Collison's, Sam Altman's that are going to go build iconic companies. I lost the Series A of Stripe. I lost the Series A of Samsara. I lost the Series A of Snap. Triple, triple, double, double is definitely dead. Going from one to three to nine to 27 is not interesting, or one to five to nine to 27 is not whatever. The math is not interesting. You got to go like one to 15 to 20 to 100

**Harry Stebbings** (0:35)
You are listening to 20VC with me, Harry Stebbings. Now I'm so excited for the show today. Today we welcome Hemant Taneja, CEO and leader of General Catalyst. Now Hemant has scaled GC over the last decade into one of the largest platforms in venture with over 40 billion in assets under management. He's also been one of the most influential investors leading early investments in Stripe, Snap, Gusto, Samsara, Grammarly and Canva, to name a few. He also played an incredible role in Livongo's $18.5 billion merger with Teladoc, one of the largest digital health deals in history. This show is incredibly wide ranging with everything from the future of labor to geopolitics to the future of venture capital. I loved doing this show. Hemant was so open and it was just fantastic. You can check it out on YouTube by searching for 20VC and I cannot wait to hear your thoughts. But before we dive into the show's day, I love seeing the team come together to make this show happen. What I don't love is trying to keep track of all the information, the data and the projects that we're working on across dozens of platforms, products and tools. That's why we use Coda, the all-in-one collaborative workspace that's helped 50,000 teams all over the world get on the same page, offering the flexibility of docs with the structure of spreadsheets, Coda facilitates deeper teamwork and quicker creativity, and their turnkey AI solution, the intelligence of Coda Brain, is a game changer. Powered by Grammarly, Coda is entering a new phase of innovation and expansion, aiming to redefine productivity for the AI era. Whether you're a startup looking to organize the chaos while staying nimble, or an enterprise organization looking for better alignment, Coda matches your working style. Its seamless workspace connects to hundreds of your favorite tools, including Salesforce, Jira, Asana and Figma, helping your teams transform their rituals and do more faster. Head over to coda.io/20vc right now and get six months off the team plan for startups for free. That's coda, C-O-D-A dot I-O slash 20VC and get six months off the team plan for free. Coda dot I-O slash 20VC.
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