General Catalyst Adds Unica Founder Yuchun Lee As Entrepreneur In Residence

After adding former VMware CTO Steve Herrod as an investment partner, VC firm General Catalyst Partners is bringing more enterprise talent to the mix with the addition of Unica co-founder and former IBM executive, Yuchun Lee, as an Entrepreneur in Residence.

Prior to General Catalyst, Lee served as vice president and general manager of IBM’s Enterprise Marketing Management Group. He joined IBM in 2010 as part of its $480 million acquisition of Unica, a marketing software company that Lee helped co-found. Lee was the CEO of the company since its inception in 1992, helped guide Unica through an IPO in 2005 and ultimately to its acquisition by IBM in 2010.

At General Catalyst, Lee will be working with the firm’s growth equity team to identify and build technology
based companies with a focus on enterprise software and data analytics. He tells us that specifically, he’ll be working with software and SaaS enterprise applications with around $10-$50 million in revenue who are looking to scale the company to the next level.

General Catalyst, which raised $500 million for a new fund in 2011, has been boosting its bench of enterprise talent, which should equip it well for the boom in enterprise investing in 2013 and the coming years.