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
Leak prevention company PortAuthority gets $18M more
PortAuthority, the data leak prevention company, has raised $18 million more in venture backing. New investor New Enterprise Associates led the round. Existing investors Sequoia, Greylock, and Lexington Ventures also participated.
We talked with Kittu Kolluri, the NEA venture capitalist who made the investment and who sits on the Palo Alto company’s board. He said there are many competitors, including Vontu, Tablus and Reconnex, but that he chose to invest in PortAuthority because its ability to… Continue Reading
MojoPac, the latest PC virtualization product
RingCube, a Mountain View start-up has developed a product called MojoPac that lets you carry around your PC contents in a tiny storage device, and then access it on any PC you plug the device into.
MojoPac is still in testing mode, but you can sign up for it here. RingCube said today it has received $4 million from New Enterprise Associates, a Silicon Valley firm. We talked with Kittu Kolluri, a serial entrepreneur who recently… Continue Reading