NEA’s Simplex deal: VCs as private-equity wannabes
(UPDATED: See below.)
New Enterprise Associates bills itself as a VC firm that delivers “performance at every stage.” Increasingly, the firm appears to consider mature, slow-growing industries a viable “stage” for venture investment as well.
When NEA announced earlier today that it had plunked $50 million into a Tennessee distributor of diabetes-testing supplies called Simplex Diabetes Supply (our coverage is here), I couldn’t help scratching my head. What in the world was one of Sand Hill Road’s finest… Continue Reading