C. Richard Kramlich, a pivotal figure in Silicon Valley's venture capital scene, passed away at 89 in San Francisco. Co-founding New Enterprise Associates (NEA), he transformed an initial $16 million fund from the 1970s into a powerhouse managing almost $26 billion. He was an early supporter of major tech companies such as Apple, Silicon Graphics, and 3Com. Renowned for his kindness and personal connections, Kramlich emphasized the importance of the human element in venture capital, distinguishing himself in a competitive industry. His entrepreneurial spirit was evident from a young age, reflecting a legacy of innovation and collaboration.
Kramlich believed the venture business was a people business, and he acted accordingly, emphasizing grace and kindness in a field often driven by aggression.
From an initial $16 million fund in the 1970s, Mr. Kramlich built New Enterprise Associates into a formidable investment giant overseeing nearly $26 billion.
Scott Sandell noted that Kramlich stood out among Silicon Valley financiers, highlighting his unique grace and kindness in an aggressive industry.
C. Richard Kramlich was an early investor in tech giants like Apple and a pioneering figure in venture capital, shaping the landscape of Silicon Valley.
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