Venture Capital Pioneer Dick Kramlich Dies at 89

Dick Kramlich, co-founder of New Enterprise Associates (NEA), passed away at the age of 89, leaving a significant legacy in venture capital. He played a pivotal role in the rise of numerous tech companies, including early investments in 3Com, Apple, and Juniper Networks, which collectively shaped the tech landscape. Kramlich was known for his warmth, optimism, and collaborative spirit, which fostered an environment conducive to innovation and support for entrepreneurs. His leadership at NEA helped the firm grow into one of the largest venture capital firms in Silicon Valley, managing nearly $26 billion in assets. Even after retiring, he continued to invest through his firm Green Bay Ventures, backing emerging technologies and startups. Tributes from colleagues reflect his vision and lasting impact on the industry, emphasizing his belief in the power of optimism and partnership.