DISQUS

Greg Tarr · 1 year ago

Matt,

I met Dick Kramlich when I first started advising Top Tier Valley VC Funds and their portfolio companies on entering Asia/Japan in 1998 and was amazed at how gracious he was given the level of success he has achieved. Moving to China shows a real commitment beyond words that will serve Chinese Entrepreneurs and NEA very well as all of Asia needs more Entrepreneurial leadership to create some big Regional winners, not just family owned enterprises. The potential in China, Korea, Japan, India to create $1b Market Cap Companies is huge but we are only starting and have a shortage of key management talent at CEO, VP, Director level+ Eco-System (Experienced Consultants, advisors, Board members). I have lived in Asia for 11 years and am still humbled by how much I still have to learn as there is a 10x magnitude difference on Asian Business and cultural complexity compared to Europe.

My experience showing NEA the last few Series A Companies where I have an independent board role were met with strong interest but frankly the partners have a lot of capital to put to work per each partner so it would not surprise me to see strong interest in later stage projects.

Greg Tarr
CrossPacific Capital

Benteractive · 1 year ago

Im looking for funding as well. Can you introduce me to these friends of yours. We have an international model for delivering content and the VCs we meet keep telling us no. Meanwhile we began streaming user content in 2000 they said it would never catch on. In 1998 we told them outsourcing would be big. They said no way. In 2005 we told AOL about TMZ and they said no way only to produce their own version. Sooner or later Forrest Gump will get his chance. :--)

China Law Blog · 1 year ago

Smart move. This both shows to the Chinese and to investors that he is serious about China and it better positions him to invest. I am surprised more VC funds are not sending over top level people.