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Our guest today is Chuck Newhall, one of the founders of New Enterprise Associates (NEA). NEA is one of the largest and most renowned venture capital firms in the world. The companies he financed have over $400 billion in revenue today. He’s also a Vietnam War veteran and earned many combat decorations including the purple heart and is an American hero.
His latest book “Dare Disturb the Universe: A Memoir of Venture Capital” is an amazing story about the history of investing in innovation and his career in venture capital. I really enjoyed reading it and highly recommend.
I discuss with Chuck:
The history of venture capital
When was the moment he knew he wanted to be an investor
Who gave him the name for New Enterprise Associates
The NEA model and incentive structure
How NEA was different to Kleiner-Perkins
What’s changed in venture capital over the past 45 years
Why venture capital is different to other financial assets and should be taxed differently
I hope you enjoy listening!