New Enterprise Associates Announces Mega Venture Fund of $2.6 Billion

New Enterprise Associates, or NEA, is officially announcing a $2.6 billion fund, one of the largest venture capital funds ever raised. It marks the Washington, D.C.-area company’s 14th time at bat, and its third consecutive fund totaling more than $2.5 billion. The megafund is part of a larger consolidation trend in the industry, in which 10 VC firms now account for nearly one-third of the dollars in the space.


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik