General Catalyst put $750M+ into AI-powered business rollups across 10+ companies
General Catalyst, one of the largest venture capital firms in the world, set aside $1.5 billion for an AI rollup strategy and deployed more than $750 million into at least 10 companies. One of those companies, Long Lake, buys property management businesses and claims to have acquired 18 businesses and reached $100 million in EBITDA in under two years, with margins doubling. Another, Crescendo, runs customer support centers where AI now handles about 90% of frontline tickets.
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Small businesses are deploying AI agents faster than 50,000-person companies ever could
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Airtable's profitability lets Hyper Agent subsidize frontier AI model costs for users
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