The Founder's Guide to

New Enterprise Associates (NEA)

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Overview

New Enterprise Associates (NEA) is one of the oldest and largest venture capital firms in the world, founded in 1977 in Menlo Park, California. With over $28 billion in assets under management (AUM), NEA has established itself as a significant player in the venture capital landscape, investing across all stages from seed funding to growth equity. The firm has a remarkable track record, having facilitated 284 IPOs and over 500 M&A exits throughout its history. NEA's unique structure promotes all general partners internally, resulting in an average tenure of 17 years, which fosters deep institutional knowledge and continuity within the firm.

NEA operates with a dual-fund structure, which was introduced in January 2023, allowing for dedicated early-stage and growth-stage investments. This evolution reflects NEA's commitment to adapting to the changing landscape of venture capital while maintaining its focus on technology and healthcare sectors. The firm is known for its

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