NEA IndoUS Ventures raises $189M for investing in India
NEA IndoUS, a new venture capital firm sponsored by Silicon Valley’s New Enterprise Associates to invest in India, has raised $189 million for the effort.
The fund has crept up from the original target of $150 million when we wrote about the plans a year ago.
NEA tapped Vinod Dham — known as “father of the pentium” chip for his work at Intel — for the effort, along with Vani Kola, whose first start-up, RightWorks, was acquired… Continue Reading
Chip companies getting harder to back
It’s getting harder to fund chip companies.
Venture capitalists say the investment payoffs are lower than they used to be. Few companies go public at $1 billion valuations anymore. Mercury News chip expert Dean Takahashi has a good summary of the sector’s challenges.
This sentiment follows the one expressed by venture firm Sevin Rosen Funds, which returned money to investors last week, saying the investing environment is terrible. Sevin Rosen has focused more on chip and other… Continue Reading