Battery Ventures just raised $2 billion for its biggest fund yet - Business Insider

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Battery Ventures partner Chelsea Stoner explains why she looks for startups that can't be reached by a direct flight as her firm announces a new $2B fund

but will operate jointly for larger growth investments.she will scout for deals wherever her research takes herAs growth investing gets increasingly competitive, Stoner hopes the new influx of cash will help Battery outlast other investors and back more companies that have been overlooked.These days, a VC saying they are "contrarian" is about as contrarian as looking for profitability over growth. Lucky for Battery Ventures, that's working in its favor.

"Certainly there is more capital out there, no question. Valuations have gone up; that's not debatable, and therefore round sizes have gotten bigger," Stoner said. "I do think, though, we are at a place where, the way we talk about growth and investing has remained the same as when I started 14 years ago, and that's through disciplined growth.

"A couple years ago when SoftBank was doing their thing, there was no attention on disciplined growth," Stoner said. "They just wanted to throw a bunch of money at it and watch it grow. We never bought into that, and the market is coming back to that view as well."

 

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