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Dick Kramlich, founder of New Enterprise Associates, discusses on “Sexism in the valley” during the third day of Web Summit in Altice Arena on Nov. 8, 2017 in Lisbon, Portugal.\u00a0<\/p>\n
Horacio Villalobos | Corbis News | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n
Dick Kramlich, the venture capital pioneer who co-founded New Enterprise Associates almost 50 years ago and built it into a Silicon Valley powerhouse that regularly raised billion-dollar-plus funds, died on Saturday. He was 89.<\/p>\n
His death was sudden and “he didn’t have a long illness,” his daughter, Christina Kramlich, confirmed to CNBC, adding that the family will provide more details soon.<\/p>\n
“We’ve lost our warm, curious, ever-optimistic family leader,” she said.<\/p>\n
Long before venture capitalist was an established profession, Kramlich saw the opportunity, to invest some cash in tech entrepreneurs and profit alongside of them, assuming they were successful. He’d put some of his own money into Apple<\/a>