Gutsy venture firm New Enterprise Associates brings home results
It’s time for an update on New Enterprise Associates, Silicon Valley’s largest venture capital firm.
VentureBeat’s last piece about the decades-old firm was critical. NEA’s tendency to make extremely large bets appeared to be backfiring. Witness its backing of large, fizzling companies like Vonage, Alien and SMIC — and its arguably foolishly stratospheric valued bets on early companies SolFocus and SugarCRM. Was NEA out of control?
Afterward, we got a handwritten letter from NEA’s leading partner, Dick… Continue Reading