And the final number is...
Just to update an earlier post: General Catalyst's fifth fund has topped out at $714 million. That's up there with some of the biggest funds raised this year, like Battery Ventures' $750 million fund (#8 for the Waltham collosus.)
Other VCs in Boston regard General Catalyst as a marketing machine, pulling in money from limited partners at an incredible pace. The exits, though, have been scarce thus far: GC's biggest hit has been M-Qube, a wireless marketing company in Watertown, MA. That was a 6x return for investors when it was acquired last year by Verisign for $250 million.
(Mass High Tech had this fun story earlier in the year, about M-Qube execs going off to start new companies, like Mobicious and Matchmine.)
Lately, GC has been betting big on video: its portfolio includes Maven Networks, Brightcove, Visible Measures, Everyzing, ViTrue, and ScanScout.
Other VCs in Boston regard General Catalyst as a marketing machine, pulling in money from limited partners at an incredible pace. The exits, though, have been scarce thus far: GC's biggest hit has been M-Qube, a wireless marketing company in Watertown, MA. That was a 6x return for investors when it was acquired last year by Verisign for $250 million.
(Mass High Tech had this fun story earlier in the year, about M-Qube execs going off to start new companies, like Mobicious and Matchmine.)
Lately, GC has been betting big on video: its portfolio includes Maven Networks, Brightcove, Visible Measures, Everyzing, ViTrue, and ScanScout.
Labels: Battery Ventures, General Catalyst, M-Qube, venture capital
posted by Scott Kirsner at
9:24 AM
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