恩頤投資:風投界最大的秘密
????恩頤投資還有一支基金,投資處于各個階段、各個地區和各個行業的公司,投資重點根據宏觀趨勢而變化。雖然與此同時,很多同行們開始發行了多只規模較小的基金。Accel Partners風險投資公司目前管理著一支早期基金,一支成長型基金,一支中國基金,一支印度基金和一支歐洲基金。恩頤投資負責投資者關系的合伙人蘇珊?金認為,這只基金的靈活性很有好處。“【2006年】我們最開始發行NEA 12時,”她說,“我們曾認為我們應多投能源公司……但由于能源公司的估值變得非常高,最終我們沒有投那么多。假如當時我們單獨發行了一支5億美元的能源基金,結果要么是無法完成投資,要么會在投資時倍感壓力。” ????雖然目前恩頤投資旗下都是大型基金,但公司也已開始關注小公司:推出的一個種子項目NEA Seed最低投資額僅為50,000美元,希望能投資于創業初期的消費者互聯網公司。 ????恩頤投資的風投家們能否延續過去的出色成績?Groupon的表現當然有影響。但對恩頤投資來說,一次熱門的IPO可不是全部——盡管他們不會在Twitter上這么說。 |
????NEA also has maintained a single fund that invests across company stage, geography, and industry sector, oscillating its focus depending on macro trends. This is at a time when many of its peers have raised multiple smaller vehicles. Accel Partners currently is managing an early-stage fund, a growth fund, a China fund, an India fund, and a Europe fund. Suzanne King, NEA partner in charge of investor relations, thinks the flexible nature of the fund helps. "When we first raised NEA 12 [in 2006]," she says, "we thought we'd have more in ... energy companies than we ultimately had because valuations got very heated. If we'd gone out and raised a $500 million energy-only fund, we either wouldn't have been able to invest it or would have felt pressure to do deals we otherwise weren't comfortable with." ????Although NEA's funds are huge, the company has also gone small, launching a seed program, NEA Seed, that can invest as little as $50,000 in hopes of getting in early with consumer Internet companies. ????Can the venture capitalist keep its track record going? Groupon's performance will certainly make a difference. But there's more to NEA than one hot IPO -- even if they don't tweet about it. |