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Top firms continuously hunt to find new partners to increase their capital. The most recent example of this is the Lightspeed Venture Partners. It is a popular firm behind Companies like Goop, Aurora, BetterUp and many others. Now, the firm has decided to spend the extra capital on its companies by hiring three new partners.

Arsham Memarzadeh, Amy Wu, and Adam Smith have joined the firm. They will be working at Menlo Park headquarters to monitor the growth practices of the firm. The leaders of the team are Brad Twohig and Will Kohler. They joined Light speed venture in 2018, and their main target was to increase the overall capital of the Company. Due to their efforts, there was an investment of $1.25 billion investment in Epic Games.

Twohig states, “We will continue to be a valuable asset to the team’s marketing group. We continuously look for new opportunities and find out when and where to invest. Our partners are helping us out and finding new opportunities. Currently, we are interested in outer businesses. We need to have outlying companies, outlying performance, and outlying founders. For now, we aren’t looking to invest in any new company.”

The new hires have helped Lightspeed a lot. The size of Lightspeed last-stage team has doubled. They arrived at the team when the firm closed at $1.8 billion for new funds. Just last year, the Company announced a $750 million share in Lightspeed Venture Partners XII. It also announced Lightspeed Venture Partners Select III, which is a $1 billion funding for different follow-on fundings.

Recently, the deal sizes have swelled. Due to this, the firm has continuously moved downstream. However, the firm is continuously investing in companies. It is also supporting existing companies in different funding series. The firm is backing up companies, even in Series E.

“We are of the view that there are many great opportunities and investments all around us. We even think that there are good opportunities at  later-stage.” Kohler states. Kohler also gave the example of the technology business, Carta, and said, “Take the example of Carta. It is a Company in the growth-stage. Still, it has so much potential because the Company is continuously growing. We think that there are some risks here, but there will be big returns.”

Some believe that Carta will be the unicorn in the tech industry. That is why Lightspeed invested in it at Series E. Lightspeed has also made some last minute bets on other businesses. Some of these include employee coaching service BetterUp, Indian Hotel Oyo, marketplace Udon, and B2B sales platform Seismic.

Kohler said, “If it was 2016 or 2017, we wouldn’t have invested in these companies. Now, we follow the growth of these startups and their potential to grow further and then decide whether to invest in the company. We have realized that the market is continuously increasing. If we invest in a Company at an early stage, we will get big venture returns in the future.”

Kohler also emphasized that the firm is operating funds in India and China. So, the firm is becoming global. The firm’s expansion into the late-stage is an extension of its real vision.

Lightspeed was founded back in 2000 with four founding partners. These partners were Peter Nieh, Ravi Mhatre, Barry Eggers, and Chris Schaepe. They completely understood the boring elements of tech and made use of them.

The newest member is Wu from Discovery Inc. There, she used to be the vice president and chief financial officer of the Global division. Now, she will focus on monitoring business with Lightspeed.

The other two additions are Memarzadeh and Smith. Memarzadeh used to work at OpenView, which is a Boston firm. He will invest in product-driven startups. Smith will focus on enterprise and investment venues. Previously, he worked at Uber, where he was a lead operations Manager.