Brandless:  Disrupting Everything in Consumer Packaged Goods

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“Make it simple, but significant.”  – Don Draper, Mad Men, 2010 I am excited to announce our recent investment in Brandless, a bold new consumer packaged goods (CPG) company that officially launched today.  Brandless’ mission is simple but significant: offer health-conscious products at a disruptively low price point that can’t easily be replicated by established CPG conglomerates.  Over the past several decades, consumers have grown to believe that high quality, responsibly-sourced products (such as organic or chemical-free food) should cost more than lesser counterparts sold under national brands.  Brandless aims to challenge this way of thinking, and in doing so change the way we shop for everyday items.  
The CPG industry is a $775 Billion market that reaches every American household—from the kitchen counter, to the pantry and beyond.  Decades ago this industry could introduce low-cost, high-margin products to the world through television ad campaigns and national wholesale Continue reading "Brandless:  Disrupting Everything in Consumer Packaged Goods"

Doing our (small) part to invest in gender diversity

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Good in depth look by Bloomberg at gender diversity in venture capital investments.  I am proud that NEA has invested in the most women-founded companies in the industry.  There is still much work to be done across the tech sector to bring more awareness to both conscious and unconscious bias, and we all must do our small part to move us forward.   https://www.bloomberg.com/news/articles/2017-05-31/at-top-vc-firms-more-women-partners-doesn-t-mean-more-women-funded

The Players’ Tribune:  Why Authenticity Matters in Media

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Today we are excited to announce a $40 M financing for The Players’ Tribune, a sports media company founded by Derek Jeter in 2014.
Derek’s vision was to create a media company that focused uniquely on the needs of athletes and fans, and he recruited an amazing group of athletes and entrepreneurs to his All-Star team.  It has been an amazing experience watching our company grow from a small blog to THE trusted media platform for the athlete community, and we are thrilled to have IVP and Google as investors in our latest round. In a world that is flooded with clickbait and fake news, The Players’ Tribune has differentiated itself by focusing on original, high quality, highly engaging content.  We break critical news and celebrate human achievement through sports, but more importantly we tell the stories that are left untold by traditional media outlets.  I am perhaps most proud
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Continue reading "The Players’ Tribune:  Why Authenticity Matters in Media"

FusionOps:  Transforming the Global Supply Chain for the On-Demand World

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We are excited to be a part of the $25 M financing announced today for FusionOps, who has rapidly grown to become the world’s leading supply chain intelligence cloud.  NEA was privileged to invest in the company two years ago and has watched FusionOps grow its customers, revenues, and usage by over 400% since that time.  Their unique solution combines industry-specific supply chain expertise with today’s modern cloud and big data analytics, making traditionally opaque supply chain information visible and actionable.  Working across verticals such as healthcare, technology, consumer packaged goods, and energy, FusionOps has made it possible for even the largest manufacturers to create the agility and speed required in today’s fast-paced, on-demand world.
Over the past several years we have watched waves of innovation crash upon the incumbents of traditional industries— since 2000, only 52% of the Fortune 500 have survived and the pace of disruption is accelerating. Continue reading "FusionOps:  Transforming the Global Supply Chain for the On-Demand World"