Paul Kwan
Co-founder of Valinor Enterprises and Managing Director of General Catalyst's Global Resilience team. Axios (Oct 2025) describes him, alongside Trae Stephens and Grant Verstandig, as a founding partner of the company.
Kwan spent over two decades at Morgan Stanley's Menlo Park office, rising to lead its global internet and software business, where he helped pioneer the modern direct-listing model (including Spotify's) and represented Livongo in its $18.5 billion merger with Teladoc Health. He joined General Catalyst as Managing Director in April 2021, leading its Global Resilience team's investments in defense, industrial, and energy companies such as Anduril and Helsing. In 2024 he co-founded Valinor Enterprises, a Washington, D.C.-based defense-tech holding company, with Trae Stephens and Grant Verstandig. Since January 2026 he has also served as CEO of General Catalyst Global Resilience Merger Corp. (Nasdaq: GCGRU), a $402.5M-IPO SPAC targeting aerospace and defense acquisitions. Kwan studied computer science and economics at Stanford.
Overview
- Role
- Co-Founder, Valinor Enterprises; Managing Director, General Catalyst
- Based in
- San Francisco, CA
- Prior experience
- Morgan Stanley (more than two decades; led global internet/software business; then West Coast technology team)
- www.linkedin.com/in/paulkwan/
Affiliated funds0
No linked records yet.
Frequently asked
- Who is Paul Kwan?
- Kwan spent over two decades at Morgan Stanley's Menlo Park office, rising to lead its global internet and software business, where he helped pioneer the modern direct-listing model (including Spotify's) and represented Livongo in its $18.5 billion merger with Teladoc Health. He joined General Catalyst as Managing Director in April 2021, leading its Global Resilience team's investments in defense, industrial, and energy companies such as Anduril and Helsing. In 2024 he co-founded Valinor Enterprises, a Washington, D.C.-based defense-tech holding company, with Trae Stephens and Grant Verstandig. Since January 2026 he has also served as CEO of General Catalyst Global Resilience Merger Corp. (Nasdaq: GCGRU), a $402.5M-IPO SPAC targeting aerospace and defense acquisitions. Kwan studied computer science and economics at Stanford.
- What is Paul Kwan's role?
- Paul Kwan is Co-Founder, Valinor Enterprises; Managing Director, General Catalyst, based in San Francisco, CA.
- Where did Paul Kwan work before?
- Paul Kwan's prior roles include Morgan Stanley (more than two decades; led global internet/software business; then West Coast technology team).
Sources & citations5
Each claim links to its underlying source. Confidence reflects how directly the source supports the claim.
- 1
Paul Kwan, Managing Director at General Catalyst: 'I'm the co-founder of Valinor, a modern defense tech holding company'
General Catalyst: Paul Kwan — team pageVerified2026-08-05 - 2
Paul Kwan is CEO of General Catalyst Global Resilience Merger Corp. since January 2026; Morgan Stanley tenure 'more than two decades'
SEC: General Catalyst Global Resilience Merger Corp. — Form 424B4 prospectusVerified2026-05-01 - 3
General Catalyst Global Resilience Merger Corp. closes $402.5 million IPO
GlobeNewswire: General Catalyst Global Resilience Merger Corp. Announces Closing of $402.5 Million Initial Public OfferingVerified2026-05-01 - 4
Morgan Stanley background, direct-listing/Livongo deals, Stanford education
General Catalyst: Paul Kwan Joins General Catalyst as Managing DirectorVerified2021-04-15 - 5
Valinor Enterprises founding, HQ, hub-and-spoke operating model
PR Newswire: Valinor Enterprises: $85 Million Raised to Scale New Operating Model for DefenseVerified2026-08-09