As Havard Business School professor Josh Lerner thanked the audience to conclude his interview of NEA Chairman and Co-founder Dick Kramlich, the keynote event this morning at this year’s HBS Venture Capital and Private Equity Conference, Kramlich interrupted him. Speaking to a room of hundreds of business school students, Kramlich took care to reemphasize the point he wanted to drive home: “The venture capital business is the largest single creator of jobs in the U.S.,” he said. And in his view it is alive and well.
Kramlich began his venture career in 1969, nine years before he founded NEA, in the period that he describes as beginning with Intel and ending with Apple. That period was a difficult one for the U.S. economically, with an oil crisis and years of “stagflation” – high inflation coupled with slow economic growth – but Kramlich called the climate “a great lesson” in how to succeed in venture capital.
To read the full, original article click on this link: Venture Capital is Alive and Well, Says NEA’s Dick Kramlich at HBS Conference | BostInno
