Bloomberg News estimated today that New Enterprise Associates stands to make a 26-fold return on its initial investment in Data Domain, the maker of storage backup tools that agreed to be acquired for $2.1 billion by EMC after a bidding war with NetApp.
NEA should make Read the rest of this entry »
Google tossed another $2.6 million into its investment in 23andMe, the privately held personal genetic testing company co-founded by Anne Wojcicki, who is married to Google founder Sergey Brin. The investment was part of a second round of funding in the company’s Series B preferred shares that included New Enterprise Associates, which negotiated the terms of the investment, according to a filing Google made today with the SEC.
Brin, who invested Read the rest of this entry »
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