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VC legend Dick Kramlich has returned

Dan Primack, author of Pro Rata

Dick Kramlich (left) and Anthony Schiller (right)

Dick Kramlich is a godfather of modern venture capital, beginning his career in 1969 with Arthur Rock, before moving on in 1978 to co-found New Enterprise Associates (where he remains chairman). He even made an angel investment into Apple.

Since turning over the NEA management reins around six years ago, Kramlich has been investing out of a family office platform called Green Bay Advisors, where he is partnered with Anthony Schiller (who led early investments in such "unicorns" as Dropbox, Docusign, Spotify and Xiaomi).

Now Axios has learned that Kramlich and Schiller have raised $130 million (mostly from family offices) for Green Bay Ventures, an early-stage fund focused on enterprise tech startups. There also is talk of a life sciences-focused fund coming to market sometime soon, also under the Green Bay umbrella.

Kramlich and Schiller declined comment, via a spokeswoman.

Go deeper

Alayna Treene, author of Sneak Peek
37 mins ago - Politics & Policy

McConnell drops filibuster demand, paving way for power-sharing deal

Senate Majority Leader Chuck Schumer (R) and Minority Leader Mitch McConnell attend a joint session of Congress. Photo: Olivier Douliery/AFP via Getty Images

Senate Minority Leader Mitch McConnell has abandoned his demand that Democrats state, in writing, that they would not abandon the legislative filibuster.

Between the lines: McConnell was never going to agree to a 50-50 power sharing deal without putting up a fight over keeping the 60-vote threshold. But the minority leader ultimately caved after it became clear that delaying the organizing resolution was no longer feasible.

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Ashley Gold
2 hours ago - Technology

Scoop: Google won't donate to members of Congress who voted against election results

Sen. Ted Cruz led the group of Republicans who opposed certifying the results. Photo: Stefani Reynolds/Pool/AFP via Getty Images

Google will not make contributions from its political action committee this cycle to any member of Congress who voted against certifying the results of the presidential election, following the deadly Capitol riot.

Why it matters: Several major businesses paused or pulled political donations following the events of Jan. 6, when pro-Trump rioters, riled up by former President Trump, stormed the Capitol on the day it was to certify the election results.

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Alayna Treene, author of Sneak Peek
3 hours ago - Politics & Policy

Minority Mitch still setting Senate agenda

Illustration: Aïda Amer/Axios

Chuck Schumer may be majority leader, yet in many ways, Mitch McConnell is still running the Senate show — and his counterpart is about done with it.

Why it matters: McConnell rolled over Democrats unapologetically, and kept tight control over his fellow Republicans, while in the majority. But he's showing equal skill as minority leader, using political jiujitsu to convert a perceived weakness into strength.

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