C. Richard Kramlich, a pioneering figure in Silicon Valley and co-founder of New Enterprise Associates, passed away at the age of 89. Kramlich was known for his early investments in tech giants such as Apple Computer, Silicon Graphics, and Juniper Networks. His firm, NEA, grew from a $16 million fund to managing investments of nearly $26 billion.
Kramlich’s investment style was characterized by his grace and kindness, standing out in the competitive world of venture capital. He believed in the power of relationships in the venture business and was known for his patience with struggling investments.
Born in Green Bay, Wisconsin, Kramlich had entrepreneurship in his DNA, starting his first business at the age of 13. After working at Arthur Rock & Co., he co-founded NEA in 1977 with Chuck Newhall and Frank Bonsal. Over the years, Kramlich made successful investments in companies like Apple Computer and Forethought, the creators of PowerPoint.
Despite his retirement in 2012, Kramlich remained involved in the tech industry, mentoring founders and investors, and starting a new firm, Green Bay Ventures. He was also an avid art collector, building an extensive collection of new media art with his wife, Pamela Kay Palmer.
Kramlich is survived by his wife, two children, a stepdaughter, and six grandchildren. Throughout his career, he left a lasting impact on the tech industry and will be remembered not only for his successful investments but also for his kindness and mentorship.
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