26 May '11, 3pm

An Interview with NEA General Partner Scott Sandell: Scott Sandell, a partner at venture capital firm New Ente...

An Interview with NEA General Partner Scott Sandell: Scott Sandell, a partner at venture capital firm New Ente...

"It's the most exciting time since I joined the industry in 1996," said Sandell. According to the investor, there are now more angel investors and the amount of fundraising is recovering, There is still an enormous contraction under way -- but it is a meritocracy: "LPs care that they're going to make money." Sandell agreed that there will be an increased concentration among a smaller number of firms. There remains plenty of capital for capital-efficient firms, according to Sandell, as well as openings for medium-capital-intensive firms that will need $30 million to $50 million over the course of their startup lifetime. "But funding a highly capital intensive firm in cleantech will be very hard." Sandell suggests that the role of the VC is as much about being a visionary and futurist as it is about having deep domain experience. He adds, "I know dangerously little about mos...

Full article: http://www.greentechmedia.com/articles/read/an-interview-...

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