General Catalyst loses three top investors as the firm expands beyond venture, contemplates IPO

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March 3, 2025, 11:26 PM

• •Deep Nishar, Kyle Doherty, and Adam Valkin have left General Catalyst.
• •General Catalyst has shifted its compensation structure to favor cash bonuses over equity.
• •The firm is evolving from a partnership-model firm into a company and adding non-venture strategies such as a wealth management business and buying a hospital system in Ohio.

Deep Nishar, Kyle Doherty, and Adam Valkin have left General Catalyst. The firm is evolving from a partnership-model firm into a company and adding non-venture strategies such as a wealth management business and buying a hospital system in Ohio. The firm has been long rumored to desire becoming a public company.

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