General Catalyst's Hemant Taneja is trying to redefine venture capital — and baffling the industry

General Catalyst's Hemant Taneja is trying to redefine venture capital — and baffling the industry

Hemant Taneja, CEO of General CatalystSam Barnes/Sportsfile for Collision via Getty ImagesVenture firms are normally in the business of backing high-flying tech startups, so many in the industry were scratching their heads when General Catalyst bought a chain of hospitals.The San Francisco-based firm spun out a separate healthcare unit, dubbed the Health Assurance Transformation Company or HATCo, in 2023 to buy Akron, Ohio-based Summa Health the…

Investors always encourage start-ups to push the limits of innovation. Hemant Taneja, of General Catalyst, applies this advice to its