New Enterprise Associates wrote more checks than any other U.S. venture capital firm through the first three quarters of this year. That makes sense, given it manages the largest venture capital fund at $2.5 billion.
But in terms of making first-time investments, rather than follow-on commitments to existing portfolio companies, NEA doesn’t rank in the top 10 of those that made at least 20 U.S. venture deals during the nine-month period.
That top honor, according to industry tracker Dow Jones VentureSource, goes to a rookie firm: Founder Collective, which formed last year with a $40 million fund to made seed-stage investments. The East Coast firm made 26 investments through the third quarter, with 24 of those, or 92%, in new companies. Unlike NEA, Founder Collective doesn’t have an established portfolio to make follow-on investments, and the firm makes many small bets as a seed investor.
To read the full, original article click on this link: The Money Trail: This Year’s Most Active Venture Firms - Venture Capital Dispatch - WSJ
Author: Scott Austin
