New Enterprise Associates
also referred to as: nea
33 statements across 9 episodes · 14 bullish · 1 bearish · 9 people on the record · first statement Apr 9, 2018 by Paul Hsiao · said 109 times in 39 episodes since 2016 · across every show →
Mentions by year
brought up most by Harry Stebbings (60), Ravi Viswanathan (13), Dayna Grayson (7), Dan Siroker (5), Scott Sandell (4), Mac the VC (4), Sujay Jaswa (2), Roseanne Wincek (2)
tap a year for its mentions
2025 2 mentions in 2 episodes 1 per episode
2024 10 mentions in 4 episodes 3 per episode
- Dan Siroker: Second-Time Founders Are More Investable & Why Not To Hire People Out of College |E1153 · 20VC with Harry Stebbings
- Roger Ehrenberg: Why VC Returns Will Get Worse & Why LP Incentive Structures are so Broken | E1117 · 20VC with Harry Stebbings
- Zach Perret: Why ‘Founder Mode’ is the Most Dangerous Blog Post for Founders | E1215 · 20VC with Harry Stebbings
- Trae Stephens: Why No Company is Successful Because of their VC | E1135 · 20VC with Harry Stebbings
- every mention in 2024, scene by scene →
2023 2 mentions in 2 episodes 1 per episode
2022 13 mentions in 6 episodes 2 per episode
- 20VC: The Robinhood Memo: The Early Metrics That Showed Robinhood was a Breakout Company, The Cost Structure of Robinhood in the Early Days and Why it is a More Efficient Business than eTrade & How Vlad Has Developed as a Leader Over Time with Rick Yang a
- Mac the VC on the Journey from Homeless To Becoming A VC | Full Interview with Harry Stebbings · 20VC with Harry Stebbings
- Jeffrey Katzenberg & Sujay Jaswa: Takeaways from Dreamworks; What happened with Quibi? | 20VC #952 · 20VC with Harry Stebbings
- 20VC: Why Operating Experience Becomes Irrelevant Fast and Operators Often Give Bad Advice to Founders, Is Silicon Valley Really Dead? Are Gen Z the Most Entitled Employees? What Will Happen to a Generation of Pre-PMF Companies with $50M in the Bank with
- Oliver Jay: How To Create and Execute a World-Class Sales Playbook | 20VC #889 · 20VC with Harry Stebbings
- 20VC: 23andMe's Anne Wojcicki on How To Approach Trust in Business and Personal Relationships, Leadership Lessons from Sheryl Sandberg and Reflections on How The Best Founders Manage Their Boards
- every mention in 2022, scene by scene →
2021 32 mentions in 7 episodes 5 per episode
- 20VC: NEA's Scott Sandell on SPACS and Why Liquidity is One of the Challenges of our Time, Why We Are At An Inflection Point For Secondaries & Why There Is Nothing To Suggest The Boom Will Not Continue
- 20VC: Jeff Immelt on Leadership Lessons from 16 Years as CEO @ GE, Incumbent Innovation; Why Some Have Failed and Other Succeeded, When Boards Have A Positive vs Negative Impact on a Company & The One Fear Startup Founders Are Allowed To Have
- 20VC: Squarespace Founder, Anthony Casalena on Scaling Squarespace from Dorm Room To Public Company with over $700M in ARR, The Decision to Direct List over Traditional IPO or SPAC & What Changes When You Go Public?
- 20VC: Sequoia's Doug Leone on What Has Been Instrumental To Scaling Sequoia Over Generations, How Sequoia Think About International Expansion and What They Learned From China and India & Why When You Lose Pre-Seed You Become Private Equity
- 20VC: Jet.com's Marc Lore on How To Assess Human Potential and "The Resume Test", Why Chief People Officer Should be One of Your First Hires and Why We Need a New Type of Venture Capital
- 20VC: Spotify Founder Daniel Ek on Optimising Decision-Making, Structuring Effective Learning Processes, The Trials and Tribulations in The Transition From Founder To CEO & The Future of Building Prima Materia with Shakil Khan
- 20VC: Databricks CEO, Ali Ghodsi on The 3 Phases of Startup Growth, How to Evaluate Risk and Downside Scenario Planning & Who, What and When To Hire When Scaling Your Go-To-Market
- every mention in 2021, scene by scene →
2020 18 mentions in 5 episodes 4 per episode
- 20VC: Raising A $1.35Bn Fund I, The Emerging Secondary Opportunity For Early Stage Managers and Founders & What It Takes To Win The Best Growth Deals Today with Ravi Viswanathan, Founder & Managing Partner @ NewView Capital
- 20VC: Robinhood Founder Vlad Tenev on The Single Most Important Thing Leadership is Responsible For, How To Manage Fear and Self-Doubt as a Leader & The Future of Fintech; Bundled or Unbundled
- 20VC: Accel's Dan Levine on The Current State of Seed & Series A, The Rise of Pre-Emptive Rounds, Solo Capitalists and Multi-Stage Funds Entering Seed & Market, People and Product; What To Prioritise?
- 20VC: The 4 Phases of Effective Decision-Making, The No 1 Quality of Good Decisions, How To Approach Effective OKR Setting, & How To Optimise and Improve Your Operating Cadence with Shishir Mehrotra, Founder & CEO @ Coda
- 20VC: MongoDB CEO, Dev Ittycheria on Why Sometimes You Have To Be Inefficient To Be Effective, The 2 Different Types of Decisions and How Great Leaders Respond To Each & Why Value To Overhead Ratio Is The Metric To Use When Selecting Investors
- every mention in 2020, scene by scene →
2019 26 mentions in 8 episodes 3 per episode
- 20VC: NEA Partner, Dayna Grayson on Sourcing, Picking, Winning, Gut vs Data in Investment Decision-Making & The Evolution of Entrepreneurial Expectations of Venture
- 20VC: Plaid's Zach Perret on Why You Have To Hire For Spikes and What That Really Means, Fintech Predictions From Incumbent Entrants To The Rise of Europe & The 2 Big Questions That CEOs Should Ask Themselves
- 20VC Exclusive: Roy Bahat on Bloomberg Beta's New Fund, The Truth About Valuation That Very Few VCs Will Tell You & Why Founders of Venture Backed Startups Make The Best Angels
- 20VC: Benchmark's Chetan Puttagunta on The One Question To Ask When Analysing Market Size, How To Compete in Today's War for Talent & Why We Have Seen An Over-Rotation In Running Businesses Based on Metrics
- 20VC: Sequoia's Pat Grady on What Sequoia Is Focused On Today, How Sequoia Think About Investment Decision-Making Processes & Why It Is Important To Trade A Few Points of Efficiency for Culture When It Comes To Attribution
- 20VC: How To Build True Human Relationships with VC Pre-Investment, Why Valuation Is Not The Only Term and When To Take Lower Offers & How To Approach Mental Health As A Founder with Jon Dishotsky, Founder & CEO @ Starcity
- 20VC: Why Startup Founders Have One Core Job, How To Reduce Risk & Increase Probability In Your Startup & Why You Should Not Send A Pitch Deck Pre-Investor Meeting with David Rogier, Founder & CEO @ Masterclass
- 20VC: Superhuman's Rahul Vohra on How To Measure Product Market Fit, How To Construct A Process To Increase It & How To Implement A Strong Feedback and Reporting Cycle To Sustain It
- every mention in 2019, scene by scene →
2018 1 mention in 1 episode
2017 3 mentions in 2 episodes 2 per episode
- 20VC: The Blurring of Early & Late Stage, Why Your Go To Market Strategy Is More Important Now Than Ever & Why Venture Is The Academia Of Tech with Roseanne Wincek @ IVP
- 20VC: Duolingo's Luis von Ahn on How CEO's Can Scale With The Company, How VC Herd Mentality In The Valley Really Works and How Chatbots & AI Play A Role In The Future of EdTech
- every mention in 2017, scene by scene →
2016 2 mentions in 2 episodes 1 per episode
- 20VC: Learnings From Mary Meeker & Larry Summers, Missing Out On Uber & The Changing World of VC with Canvas Partner, Rebecca Lynn
- 20VC: Why Hardware Is Actually Software Wrapped In Plastic & "Of Course Hardware Is Hard, Everything Is Hard" with Ben Einstein, Founder & General Partner @ Bolt VC
- every mention in 2016, scene by scene →
Everything said about New Enterprise Associates, oldest first
Apr 9, 2018 neutral
NEA requires $800M+ exits to move the needle, unlike smaller funds
“I think one realization coming since joining Canvas a few years ago is a small exit, like, easily moves the needle for a fund like Canvas, whereas we used to joke when you don't have an exit more than eight hundred million, you know, it doesn't move the needle…”
Aug 31, 2018
Apr 8, 2019
NEA uses partner sub-committees instead of consensus for deal approval
“The answer is no, but we don't also try to get those full 20 people to be aligned. We break up into smaller teams based on the experts around the table, the investors inside NEA who are prone to know something about that space. So if it's a robotics company, w…”
Apr 8, 2019 positive
Apr 8, 2019
Apr 8, 2019
NEA's Scott Sandell decides on investments within 15 minutes
“I've seen some of the greatest investors Do just that. Meet with an entrepreneur. Within the 1:15 minutes, they're either excited or they're not. If they're excited, they're investing. Scott Sandell at NEA is a great example of that. It's very much his style.”
Apr 8, 2019
Apr 8, 2019 negative
Comparing venture capital fundraising and investing to dating is silly
“One saying that I really do not like in venture and in entrepreneurship is the idea that raising capital is like dating or investing in entrepreneurs is like dating. That's quite silly if you think about it. A VC and an entrepreneur should be quite up front”
Apr 8, 2019 neutral
Unicorn-stage venture investments require a 3x to 5x minimum upside
“Now, if you're investing in, say, a unicorn-type valuation, price matters a lot more. It should be more Clear at that stage, whether this is going to be, you know, a unicorn being a billion dollar valuation, whether this is going to be a fifty billion dollar c…”
Apr 8, 2019 neutral
Valuation does not matter for Series A venture investments
“I subscribe completely to the mentality that price does not matter at the Series A. At the Series A level, we as venture investors, anyone with more than a 25 or fifty million dollar fund should be looking for these outsized exits. They should be looking for c…”
Apr 8, 2019 positive
First Round Capital pioneered the institutional seed fund movement
“I credit Josh Koppelman and First Round Capital for really starting that movement, and that's gone from 20 to 50 to a hundred million dollar size funds, and then we've also seen the advent of the larger funds, such as NEA, and I think what you've really seen i…”
Apr 6, 2020 positive
Viswanathan: Workday's 2009 pitch was his most straightforward in 20 years
“When we heard the pitch, it was probably one of the most straightforward pitches I've ever heard in 20 years of venture, meaning we just had to fund that company, and the reason for that is there's the numbers, but you really have to see what is this company d…”
Apr 6, 2020 bullish
Viswanathan: NewView Capital invested in Plaid following NEA's early-stage backing
“Yeah, this is an easy one. It's Plaid, which I was part of the team that led the seed and Series A at NEA many, many years ago, so I know Zach has been on your show, and I think the world of him, so one of my top priority after founding NewView is figuring out…”
Apr 6, 2020
Apr 6, 2020 positive
Viswanathan: NewView and NEA support controlled secondary liquidity for founders
“On the one hand, if they want to sell a small percentage of their stock to get some liquidity, and it's more of a pressure release mechanism for them personally, we actually encourage it. And we've done that in the past, both at Newview as well as at NEA.”
Mar 11, 2021
Mar 11, 2021
Sandell: Software post-IPO growth accelerated from 18% to 50% over two decades
“But interestingly enough, in the seven quarters after the IPO, the average company grew 18%. And that was considered fantastic. You couldn't get funded today if all you were doing was growing 18%. In the decade that followed, they grew 28%, and the decade just…”
Mar 11, 2021 neutral
Sandell: NEA grew flagship fund size from $2.3B to $3.6B in 20 years
“We've been growing actually relatively slowly, Harry, 10 or 15% fund to fund. We started with the first big fund, NEA-TEN, in 2000, a 2.3 billion dollar fund, so we've been growing on a large base since then, and our latest fund is 3.6 1,000,000,020 years late…”
Mar 11, 2021 positive
Sandell: NEA's top growth basket returned 36% annually over a decade
“This particular collection of companies has raised thirty-two billion dollars in total, and we've only been responsible for three billion of it. So that's kind of great. Our companies have had access to all this company. The problem is that that particular bas…”
Mar 11, 2021 bullish
Mar 11, 2021 neutral
Mar 11, 2021
Mar 11, 2021
Sandell: NEA makes all firm decisions in a weekly three-hour meeting
“The only reason NEA could have scaled to the size it is, is because of the trust that we have in the partnership, which enables us to meet for three hours a week, make all the decisions necessary, and then have the confidence that they would be executed well.”
Mar 11, 2021 bullish
Sandell: 100%+ software growth justifies paying premium entry valuations
“If it's a software company growing over a hundred percent a year, and I really believe that that's going to continue to happen for some period of time. Then I can justify paying a price that not too far down the road, maybe 18 or 24 months, or maybe even a yea…”
Jan 28, 2022 bullish
Jan 28, 2022 bullish
Scott Sandell: Free is the most powerful business model in the world
“This fit into our overarching theme, you know, that the most powerful model in the world is free, and they were going to be disruptive because they were offering something of real value, you know, stock trading where commissions were seven or eight dollars a t…”
Jan 28, 2022 positive
Sandell: Robinhood's board pushed management to start spending on paid marketing
“In the board meetings, the board actually impressed upon the team that we should probably figure out How to spend some money on customer acquisition, because we could grow faster, and the payback on these customers was so high that you could afford to spend a …”
Jan 28, 2022 positive
Robinhood had an 800,000-person waitlist during its closed beta
“We invested and led the series B and they were still in closed beta at the time, but there were some really Interesting signals at the time, right? They had built this amazing waiting list of over 800,000 people that wanted the product.”
Feb 19, 2024 neutral
May 15, 2024 positive