E6: Behind the Scenes of General Catalyst: The VC Firm's Financial Operations with CFO, Mark Allen

Ever wondered what the financial operations look like when you have billions in AUM at a top-tier VC firm?

In this episode, Sasha sits down with Mark Allen, CFO at General Catalyst. Mark discusses the non-obvious complexities of managing billions in assets across hundreds of portfolio companies, from capital reserve strategies, geographical breakdowns, to reporting requirements. He shares candid insights on navigating intense moments like the Silicon Valley Bank collapse, tech innovations being adopted by VC firms, how being a fund’s CFO comprises two roles of being CFO of a fund and a firm, advice for CFOs coming to pitch at General Catalyst, and much more.

This show is a part of the Turpentine podcast network. Learn more: www.turpentine.co

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This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at erik@turpentine.co.

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LINKS:

https://www.generalcatalyst.com/team/mark-allen

X/SOCIAL:

@sashaorloff (Sasha)

@generalcatalyst

TIMESTAMPS:

(00:00) Preview + Intro

(02:37) Mark Allen’s Journey to Being CFO of General Catalyst (GC)

(06:23) How the VC business model works

(08:44) Power law and reserves

(08:44) FP&A at a fund and capital reserve strategies