Thursday, December 1, 2011

General Catalyst Partners, the venture-capital firm co-founded by Joel Cutler, is seeking to raise $650 million for a new fund that will invest in technology companies


"General Catalyst Partners, the venture-capital firm co-founded by Joel Cutler, is seeking to raise $650 million for a new fund that will invest in technology companies.
The firm, based in Cambridge, Massachusetts, is targeting about $450 million for its General Catalyst Group VI LP fund, which will focus on consumer Internet, social media and technology businesses. 
General Catalyst, which also has offices in Palo AltoCalifornia, is trying to raise money following the slowest quarter for venture-capital fundraising in eight years. Venture firms collected $1.72 billion in the third quarter, down 53 percent from the same period a year earlier, according to the National Venture Capital Association."  source  link

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