Blog

  • MongoDB and the rise of developer driven enterprise IT

    At NEA, we have been involved in enterprise technology companies since our founding 35 years ago. Traditionally, the formula for enterprise technology involved a top-down selling process. That is, startups would have to build out technology, create sophisticated pitch decks, and then reach out to the CTOs and CIOs of large corporations. The sales cycle was often eight to ten months long and involved pilots, alphas, betas, and generally a massive amount of sales and marketing spend to land an…

  • By the Numbers:  A Big Deal for Big Data as Monsanto Buys Climate Corporation

    Today’s announcement that Monsanto will acquire Climate Corporation for about $1B is a big deal for many reasons: by the numbers, it’s one of the year’s largest M&A transactions for a venture-backed company, coming from a sector few would expect and a buyer far afield of the ‘usual suspects’ for a tech acquisition of this size. The company is an outlier, in almost every sense of the word. Through several rounds of financing and some very graceful pivots,…

  • The $800M Gorilla: eBay to Acquire Mobile Payments Disruptor Braintree

    Today we are excited to report that eBay has agreed to acquire Braintree, a payments company that processes more than $12 billion in transactions a year, for $800 million. It’s one of the year’s larger M&A transactions so far, also notable as an early exit in a sector where investors have placed some big bets—more than $800 million over the last year alone in mobile payments. NEA made one of those bets on Braintree because we saw a company with great leadership and…

  • The Big Power of a Niche Focus

    “Stay focused.” It’s a mantra for many in the startup world, and possibly the most frequently dispensed advice in the Valley when it comes to startup strategy. To build a successful business on scant resources, founders are encouraged to concentrate all their company’s energy on a specific target, usually a single market or narrow customer need. The flip side of that coin, however, is that a market too narrow will deter venture investors and limit a company’s…

  • Seeing the Future When Video Clouds Collide

    We are excited to be a part of today’s $50 million financing in Blue Jeans Network, the world’s fastest growing cloud-based video conferencing service.  NEA invested in Blue Jeans over 2 years ago and has had the privilege of watching the service grow from a proof-of-concept to a disruptive product now serving over 2,000 customers and 3 million participants.  The premise behind Blue Jeans is very simple – make video conferencing as pervasive and easy to use as audio…