NEA abandoning venture capital? Won’t be the last firm to do so
updated
New Enterprise Associates, until recently one of the largest Silicon Valley venture capital firms, is looking less and less like a venture capital firm. It has transformed into a late-stage private equity firm, doing more buyouts and debt. And thus it becomes another protagonist in the tale of the shrinking — or at least, hurting — VC industry.
Look, for example, at NEA’s $50M investment in Simplex, a distributor of diabetes-testing supplies, based in Tennessee, a… Continue Reading