General Catalyst Continues to Evolve
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Bonatsos’ exit follows a wave of departures as General Catalyst transforms beyond a traditional VC model. In recent years, the firm has expanded into wealth management, AI-focused roll-up strategies, and its Customer Value Fund, which provides nondilutive financing to late-stage startups.
Despite these changes, General Catalyst remains active in early-stage investing. The firm recently brought on Yuri Sagalov, a former Y Combinator partner, to lead seed investments in the U.S.—signaling that even as leadership evolves, early-stage bets remain core to its strategy.