Dick Carmelich, founder of New Enverrise Associats, is discussing “Sexual Discrimination in the Valley” during the third day of the web summit at Altice Arena on November 8, 2017 in Lisbon, Portugal.
Hurasio Villalopos Corbus News Gety pictures
Dick Carmlich, the pioneer of the investment capital who participated in the founding of the New Enverrise Associas, died nearly 50 years ago. It was 89.
His death was surprising and “he had no long illness”, his daughter, Christina Caramelic, confirmed to CNBC, adding that the family will provide more details soon.
She said, “We have lost the warm family leader, curiosity and constantly disclosed,” she said.
A long time before the capitalist was a firm profession project, Kramelic saw the opportunity, to invest some money in technological and profit pioneers alongside them, assuming that they succeeded. He put some of his money apple Before joining Chak Newhaal and Frank Bonals to start NEA in 1977, a few years after the opening of heavy hunger strikers and Kleiner Perkins their doors in Menlo Park, California.
Kramlich hit it significantly on computer networks, and wrote an early examination to 3com, which is what Bob Metcalf It started as a way to market Eternet technology. The company became public in 1984, and it rose to more evaluation 28 billion dollars During the 2000 Dot-Com Cisco The others and the company were It was purchased by HP In 2010 for $ 2.7 billion.
Elsewhere in space, Kramlich invested at Grand Junction, and the founder of the 3com participant began, and he saw that company until 1995 Sell for Cisco. Then there were for the networks of the Force10 data center networks, which were Del got it In 2011.
Karamelic said in a 2006 interview With oral historian Mori Jin Perry.
Carmlich also supported companies including, Macromedia, Cast Communications and Juniper networks. In the energy generation market, Carmlich invest in Tae TechnologiesHe sat on the blackboard until the day of his death.
Carmlich retired from NEA in 2012, soon from the company Rapid $ 2.6 billion For its fourteenth box, one of the largest at the time in this industry. But it did not end with the investment.
In 2017, Caramelic Green Bay Ventures started Investing in companies developing technology and products in manufacturing, energy, transportation, logistical services, real estate and communications. Green Bay launched with Anthony Schiller, who started managing the Karamlich family money in 2011, and Kassi Tathham, who was running funding for the family office.
The company was named after the city of Wisconsin, where Carmlich was born in 1935. Karmlich's father started a food chain there and his mother became a flight engineer. After moving around Wisconsin as a child, Kramelic went to the college in North Westren and then moved to Boston to follow a master’s degree in business administration from Harvard University.
After the College of Business Administration, Kramelich entered the world of investments in Boston, and in the end he met early from Apple and Intel Investor Arthur Rock. He moved to California and helped Arthur Rock and Co. in 1969.
Scott Sandal, CEO of NEA, joined the company in 1996. He said he was working as a consultant and corresponded to Carmallic after a startup to the company initially occupied the Baltimore office. His career changed quickly, instead of raising money to start operation, he got a job in NEA and remained for nearly three decades.
“It was why many of us joined,” Sandel said in an interview. “Dick was loved by countless entrepreneurs and adventure capital because of his imposed and persistent optimism against all difficulties. That spirit was with his generous and generous ways that made him more loving than any adventurous capital that I knew at all.”
Karamelic survived his daughter Christina, as well as his wife Pam, and his other children, Rex and Mary Donna.
