2 VCs and 2 funds investing in insurance
CEO & Managing Director
General Catalyst
Check: $1M-$100M+ (multi-stage, GC manages $25B+)
'Responsible innovation' thesis: technology should solve real problems for real people, not create consumer distractions. Strong health and enterprise focus. Author of 'Unscaled' — argues that technology is unscaling the economy, allowing small, nimble companies to compete with large incumbents by renting scale (cloud, AI, platforms) rather than building it. Recently evolved GC into a 'global transformation company' — not just investing but also building internal ventures, acquiring companies, and providing 'transformation services' to portfolio companies and external partners. This is a controversial evolution — GC is now part VC, part PE, part consulting firm. Hemant believes the traditional VC model is outdated and that the next great investment firm needs to do more than write checks. Backs companies that endure and compound over decades. Deep conviction that AI will transform healthcare, reducing costs 10x while improving outcomes. Views technology as a tool for social good, not just wealth creation.
Founder & Managing Partner
Ribbit Capital
Check: $1M-$50M+
Grew up in Venezuela during hyperinflation and institutional collapse. That lived experience of broken money systems drives everything. Mantra: 'The world needs more financial innovation and less financial engineering.' Backs 'rebels' who challenge incumbent financial institutions. Shifting thesis from last decade ('giving people access to money') to this decade ('contextual money' — tailoring financial services using data, AI, and personalized interfaces). Views Ribbit as a startup that deploys capital, not a traditional VC firm. Has said that every generation reinvents financial services and that the best fintech companies don't just digitize existing services — they create entirely new financial behaviors. Deeply global in orientation — has backed companies across the US, Brazil, Mexico, India, UK, Canada, and more.