Tuesday, March 31, 2020

General Catalyst says it's raised $2.3B for a $600M early-stage fund, a $1B growth fund for companies with $10M+ in annual revenue, and a $700M "endurance fund" (Steven Bertoni/Forbes)

Steven Bertoni / Forbes:
General Catalyst says it's raised $2.3B for a $600M early-stage fund, a $1B growth fund for companies with $10M+ in annual revenue, and a $700M “endurance fund”  —  Despite rollercoaster markets, historic unemployment claims, and an expanding national shutdown …



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Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each; SoftBank has already invested $30B (Bloomberg)

Bloomberg : Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each;...