Bold AI Investor: General Catalyst’s Marc Bhargava

In this episode of the Growth Investor podcast, RJ Lumba interviews Marc Bhargava, Managing Director at General Catalyst, about GC's investment strategy, particularly focusing on AI-enabled roll-ups. Bhargava discusses GC's creation fund, which builds new companies and transforms existing businesses by integrating AI and automation. He explains how GC identifies industries ripe for automation, such as call centers, accounting, and HOA management, and then incubates AI-native software to improve these businesses. Bhargava highlights the advantages of acquiring traditional businesses to capture the value of AI improvements, access data for model training, and generate free cash flow for further acquisitions. He contrasts GC's long-term, growth-oriented approach with the shorter-term, cost-cutting focus of traditional private equity firms, emphasizing GC's commitment to founder-led companies and AI-driven innovation.