Taneja: Private markets function like public markets for elite startups
Hemant Taneja · General Catalyst CEO, Hemant Taneja: Lessons Scaling GC to $40BN in AUM · 20VC with Harry Stebbings · Sep 22, 2025 · at 1:08:15
Hemant Taneja is the CEO of General Catalyst. He discusses how top-tier private tech companies manage liquidity and valuations without needing an IPO.
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“I think for the very best companies, private markets behave like public markets. There's a secondary market, you can liquidate, so your shareholders can take liquidity, employees can take liquidity, you have access to credit, you can do M&A, your stocks value, you know, your valuations believed. I'm talking about the Stripes, the SpaceX's, I think OpenAI is going to get there and Tropic and so on, right? So the very bad, the Databricks is getting there slowly. So the very best, that's what happened.”
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