Venture capital firm General Catalyst is reportedly in discussions to raise approximately $10 billion in new funds, potentially marking one of the largest fundraising efforts in its history. The fundraising plan is still in its preliminary stages, with the final size and timeline subject to adjustments based on market demand and feedback from institutional investors. General Catalyst has previously invested in several cryptocurrency and blockchain companies, and if successful, this round could position it to compete more closely with a16z, further solidifying its standing among major U.S. venture capital firms.