Battery Ventures
Posted: 30 Dec 2006
Date Written: February 25, 2002
Abstract
SUBJECT AREAS: Organization, Venture capital
CASE SETTINGS: Massachusetts; Securities & investing; 67 employees; 2001
Todd Dagres, general partner of Battery Ventures, reflects on his firm's organization and it's effectiveness in one particular deal. One of the perennial challenges of venture capital is the scaling of the firm. Usually regarded as a craft industry, venture firms tend to have fewer than ten deal-makers. Battery has undertaken a particular approach to this problem, instituting a career path that begins at a very low level, progressing to general partner. Examining Battery making a deal demonstrates the advantages and disadvantages of this structure.
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