Lester Center Honors Kramlich
One of Silicon Valley's early venture capitalists, C. Richard Kramlich, was given the 2005 Lifetime Achievement Award by the Haas School's Lester Center for Entrepreneurship & Innovation last spring.
Kramlich is the co-founder and general partner of New Enterprise Associates (NEA), one of Silicon Valley's premier venture capital firms. "Over the past 30 years, he has become known as an exceptional investor, exemplary leader in the entrepreneurship community, and ardent champion of the venture capital community's interests," says Jerome Engel, executive director of the Lester Center.
Kramlich has built a reputation as a someone who is down-to-earth and informal and who possesses a skill for picking partners and deals wisely. This has led to the success of NEA, which he helped to create in 1978. Of the 500 companies NEA has invested in, 149 have gone public, including 3Com, Silicon Graphics, Juniper Networks, and Ascend Technology.