00:50:42 · Teresa Carlson
And with AI coming on the forefront so quick and fast, said, look, it's not like the thing I would probably love to do day in and day out, but what I found in my work with Microsoft and Amazon, without the right policy and government affairs and working with governments globally, it's very challenging with businesses to take off if you're not advocating for the right policies. It can really be detrimental. And if you look at it, so we're financial services, healthcare, defense, intelligence, manufacturing, energy, these are all highly regulated. So I said, we should So we kind of said, okay, let's create this institute. It's General Catalyst fact. We're inside the company. And our goal is we have about 1,000 companies we've invested in, somewhere that never plus or minus is probably plus. And what my team and I do is we work with policymakers around the world to educate and advocate for good policies that make sure that our startups can thrive. And one of the things I think that I I love working with our partners when I was at Microsoft and Amazon, but I don't think I understood that there was no one really advocating for them on the policy end. And for larger companies, look, they have deeper pocketbooks. They don't like it, but it's a lot easier for them to meet requirements and do lobbying and policymaking and do this stuff. For startups, it's hard. Like they don't have they can't go do all this work. They don't even know how to do it. A lot of times they're aware of it, but they're like, where should we begin? So for us, we do this at the industry level. We don't do it on behalf of any one company. And we go in and meet lawmakers around the world. We do it in partnership with our, like AWS, they're the same mind. We work with them. We work with Microsoft. We work with Anthropic. We work with think tanks and education institutions. We have written some reports. We bring our founders to The Hill. You know, people say go to the Valley, they got to come to The Hill. And we bring them in, we curate a set of founders like in defense or manufacturing or financial services or cyber. We curate them together. We work with them on here's how you tell a story to a lawmaker. So we take them to the White House to meet key leaders. We take them to Capitol Hill.
00:53:11 · Teresa Carlson
We take them to the Pentagon as an example, if it's a defense related or industrial, and we get the absolute best meetings we can for them. And we give them all an opportunity to tell their story. We try to do some special events like I've done things like I get all the best reporters and we do on background and we do a luncheon, or I've done receptions where I've invited all of the top Hill staffers to come and meet them and we do like a fireside chat. And the idea is make them aware, educate our lawmakers and the agencies on this amazing technology, what we have built. These founders are, I'm just like so blown away by them. They're so smart, they're so optimistic, they're very creative, and they desperately want to build something that is useful to the US government or the government if it's Brussels. We just took a group into Brussels and that went really well. We just were in The UK and London. And I just, the impact is profound from the moment we started to the moment they walk out the door and they all are like, we're so glad we did this. It taught us so much. We really understand how this works. And the idea is one, they get educated. Two, we demonstrate to lawmakers why they need to hear what they're doing because it's so profound. And thirdly, we want to teach them then how they actually build a business with government. So the kind of the side is we help them understand the go to market and help them create how would they contract and then get work with government.
00:54:49 · Molly O'Shea, Teresa Carlson
[00:54:49] S1: Who are some of the companies that you're super excited about that you're working with? [00:54:53] S0: Well, will tell a quick story. So many, first of all, there's like, I mean, and I would not wanna hurt any of their feelings because they really are all spectacular. The first fly in that we did, I'll call, we did our first report in March '5. We launched this thing in September '4 and we did our first report on healthcare. And it's out there, I'll make sure, Molly, I send you the reports that we've done. But this one we brought in, it was during the Cherry Blossom Festival last [00:55:28] S1: Oh wow. [00:55:29] S0: So we had cherry blossoms on it. And we brought, I think it was eight founders in, and we took them in to meet with lawmakers, and they were blown away. Hippocratic AI was one that I'll And Hippocratic does work with, they use agentic AI to do follow-up with patients. And he would play these recordings on Capitol Hill to senators and congressional leaders, congressmen and women. And they were like blown away how the patients were responding to an agent doing follow-up from a physician's visit. And one of the calls was, it was a tracker, and he was so funny. He called it Skylink. Remember the Arnold Schwarzenegger? He goes, Are you from Skylink? Skynet. Skynet, [00:56:20] S1: are you
00:56:20 · Teresa Carlson
[00:56:20] S0: from Skynet? It was just a laugh. I was like Arnold Schwarzenegger. But after the conversation went on, you heard him get involved with the conversation with the agentic AI. She answered all his questions. She got him back on track. And toward the end, he said, well, I'm driving. She goes, what? You just have to be safe. Let's follow-up in a little bit. But I've heard now probably 50 or 60 of these calls, and it's an example of it's game changing. And then you have companies like Cityblock. Toyin, CEO of Cityblock, who's actually doing care at the city, on the block of the city of those that are Medicare, Medicaid patients. And she works with states to actually make sure that those, and it's outcomes based care. They only get paid if they have the outcome. And our lawmakers was like, what? I didn't even know this existed. And then we had new insurance companies that were taking advantage of insurance models that was built during the first Trump era. Paragon, who is a company that's bringing testing to all individuals around the country, veterans, where you didn't have access to these trials, except if you were in a large city and they're working with pharmaceutical companies to make sure that clinical trials have access to everybody. So, I mean, just mind blowing. And one I'll say that's a standout, we have two robotics companies that are absolutely amazing. One, CoBot, that was founded by Brad Porter, who actually founded robotics at Amazon, and Evan Beard, has StandardBots, who is a robotic arm. And Evan had never been to Washington DC. His business is in Upstate New York. And he came and he was like, I didn't even know they would listen to me. And now they're calling And him for his he's done testimony on the hill twice. Wow. Yeah. And he's like, look, I've gotten contracts. He's been in major news journals now, but he just was like, and he's very humble. He's built an amazing company, but he's like, I just had no idea that they would listen to what I had to say. And now they're asking for my opinion. And that's what we try to teach them is that if you go in with humility and you go in with a solution orientation to these lawmakers and to the White House, they actually will call you back. Because, look, they get beat up all the time. They already know there's issues.
00:58:47 · Teresa Carlson, Molly O'Shea
So our philosophy is we want to be solution providers, not problem identifiers. And that makes it I'm telling you, it's a huge tone difference if we go in with, we want to be helpful. So at the Institute, we go in with a, we're here to help. Like we're not we're trying to help you at the industry. For America, we want to make America great with these companies. If we're in Europe, we take our European companies in and we say, look, they've already built this tool. They are working to make Europe great. They've built their companies here. We want them to stay in Europe. So it's the same kind of model. We were just in India at the AI summit there, and we had a lot of our companies there. So it's really profound to be able to help these countries with their resilience, but they also have to want to help themselves to make sure that they have right policies and incentives in place, ensuring that these companies grow and thrive. Otherwise, if you don't have the right incentives, they can't grow and thrive. [00:59:52] S1: Wow. We only have five minutes left, but before we close, have two last questions. One we were talking about before the cameras started rolling, but you noticed this, I noticed this, more tech figures are going to DC, they're learning how to dress. Like it's really nice to see something other than a sweaty t shirt. Yes, yes. And to see some suits. So how do you also help these companies and how do you prepare them to come to Do you tell them what to wear, where to go buy the clothes? Well,
00:59:52 · Molly O'Shea, Teresa Carlson
[00:59:52] S1: Wow. We only have five minutes left, but before we close, have two last questions. One we were talking about before the cameras started rolling, but you noticed this, I noticed this, more tech figures are going to DC, they're learning how to dress. Like it's really nice to see something other than a sweaty t shirt. Yes, yes. And to see some suits. So how do you also help these companies and how do you prepare them to come to Do you tell them what to wear, where to go buy the clothes? Well, [01:00:25] S0: I laugh. I was sharing, Molly and I were talking before, and when I was at Microsoft, I shared with you in the ten years I was there, which was 02/2010, I never ever wore blue jeans. I mean, I would have been mortified to walk into any customer, the White House or lawmaker. It was just very formal. And every man wore a tie, a jacket. Women mainly, they wore pants and all, but it was a lot of suit dresses too. And I just didn't know the difference. It was just how I was taught. And when I first started AWS, I did struggle at AWS. I would have to say, You can't come in flip flops. And I remember the guy who ran our infrastructure, I love him to death, but I go and pick him up at the airport. He's going into the CIA, and he's literally got on blue jeans like a Hawaiian shirt and flip flops. And he has no other clothes. [01:01:20] S1: Oh my gosh. [01:01:21] S0: And I was like, what? I was like, [01:01:23] S1: no. And it wasn't Palmer lucky.