Ex-NEA partner launches NeoTribe Ventures
Kittu Kolluri, who in December stepped down as a general partner with NEA after an 11-year run, is back with a new VC firm called NeoTribe Ventures.
The Palo Alto, Calif.-based shop is targeting upwards of $90 million for its debut fund, and will focus on early-stage tech opportunities. It's basically a one-GP platform, although NeoTribe's website lists "special partners" like Yahoo co-founder Jerry Yang. While at NEA, Kolluri's deals included Climate Corp. and Teracent.