How does battery ventures pe compare to other pe firms. Know that they do most their work in the tech space so how does it compare to Vista/Insight?
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Battery has the model of doing some buyouts and a lot of minority (so same construct as Insight) but doesn’t get anywhere near the big buyouts that Thoma/Vista/Insight/etc will do, and plays lower down market than other top growth shops (GA, Summit, etc).
They’re a historic name in growth/venture but my opinion is they’re sort of an in between fund and there’s a bunch of places that do what they do but better. They’re also somewhat of a value based firm (so not flinging money around at top quality assets), and sourcing is key to its DNA.
If you want actual tech buyouts or big growth deals, plenty of better places to be (Thoma/Vista/Insight and like 100 other MMs doing growthy tech buyouts).
If you want true growth, places like GA/TCV/etc are way better. If you want to do more of the value-ish, sourcing heavy growth (aka cold calling enterprise software companies in the Midwest to find a bargain), places like AKKR, JMI, and Summit all do this better as well.
And on the venture side, about a hundred firms that do pure play VC that id take over battery.
Like I mentioned above, it’s a ton of sourcing and not a lot of deal work as an analyst/associate. Know a few people that left that hated their time there. Comp is also below market
Other than me dumping on it here, they are a solid brand name given the history (they were one of the first big growth investors) and they are good at what they do, it’s just that I think there’s a lot of funds that are now playing in this space that offer more at the junior level
Agree with most of this, but would not say there are 100 venture funds that i’d take over Battery. They have a pretty strong reputation on the enterprise software side given that many ex-associates and VPs leading other prominent VC funds. Probably a good place to get a start in venture, but upward mobility tough given the organizational structure.
100 is an exaggeration but it’s certainly not in the Sequoia/A16Z tier, and I’d say there are way cooler places to be if you want to do series A investing - just so many high powered venture firms out there now
Upward mobility isn't tough at BV at all. I'm not saying there aren't better places to be as a junior but that's just false
Any info on comp?
Comp is not below market and definitely a good amount of deal work at the associate level
Battery London, Comp at Associate Level, all in 160k GBP
TCV all in 180k GBP
seems very low, do you know US figures?
no. but growth equity in London pays discount to PE. know someone at battery, can confirm comp
Any idea what responsibilities look like at analyst level for PE? Is it mostly sourcing or also a lot of modeling and deal execution work?
pretty sure it’s most sourcing and market mapping, and then you do execution on any deals you source
how is there sourcing and market mapping for buyouts? aren't most transactions banked anyway
think this could be true for growth equity type deals, but for pe I don't see how this could be the case
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