PALO ALTO (CBS SF) — If you can get into the elevator at venture capital firm General Catalyst Partners–the VC behind AirBNB and Snapchat–you may have a shot at making your pitch for funding. They already have a table waiting to hear your pitch. In the elevator.
The famous 30-second elevator pitch can be taken quite literally, and apparently is at General Catalyst.READ MORE: San Francisco Suspends Cannabis Tax To Combat Illegal Marijuana Sales
They’re so serious, they even fabricated a sign for the wall next to it, in case would-be startups were confused about the chairs and table in the elevator.READ MORE: World AIDS Day: Santa Clara Health Officials Reflect On 4 Decades Battling HIV, Lessons Applied To COVID-19
Of course, if you did get inside, you’d know they’re different. They run their VC firm from a house, not an impersonal and cliche cement office.
“We love being in a comfortable and inviting house. While many VC firms have imposing, bank-like atmospheres, our home is about rolling up your sleeves, hitting the white boards, and tackling the challenges of a startup. We also have made a point of not treating ourselves too seriously, and the elevator pitch room is a good example of that,” said Steve Herrod, managing director at General Catalyst.MORE NEWS: UCSF Lab Worked Quickly To Confirm San Francisco's Omicron Case
The company is known for being active with the companies they fund, helping team build and creating strategy.