Silicon Valley investor C. Richard Kramlich, who co-founded New Enterprise Associates, has passed away at the age of 89 at his home in Oakville, Calif. Kramlich was known for early investments in tech companies like Apple, Silicon Graphics, and Juniper Networks. Starting with a $16 million fund in the 1970s, NEA now manages investments close to $26 billion. Known for his grace and kindness in a competitive industry, Kramlich believed in the importance of personal relationships in venture capital.
Born in Green Bay, Wis., Kramlich began his entrepreneurial journey at a young age, eventually working his way through Harvard Business School and various investment firms before co-founding NEA in 1977. With investments in companies like Apple Computer and Forethought, which later became PowerPoint, Kramlich displayed a commitment to supporting struggling investments and believing in the potential of founders.
After retiring from NEA in 2012, Kramlich continued to mentor founders and investors, while also starting a new firm, Green Bay Ventures. His legacy includes a significant impact on the tech industry, as well as notable art collecting with his wife, Pamela Kay Palmer. Survived by his wife, children, and grandchildren, Kramlich’s influence on the world of venture capital and technology will be remembered.
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