Dick Kramlich, cofounder of the venture capital firm New Enterprise Associates (NEA) and a respected pioneer in the industry, passed away on February 1 at age 89. A letter from NEA expressed that 'our industry has lost a legend, and we have lost a cherished friend.' Throughout his career, Kramlich played a pivotal role in investing in key technology companies such as Juniper Networks, Macromedia, Immunex, and Xoom, and was among the earliest investors in Apple. In 1977, he embarked on the journey to cofound NEA, which has grown to manage nearly $26 billion in assets today, solidifying its position as a heavyweight in Silicon Valley. Furthermore, after retiring from NEA in 2012, he raised $130 million for Green Bay Ventures, focusing on early-stage startups and continuing to foster innovation in the tech ecosystem. Kramlich's legacy will undoubtedly influence future generations of entrepreneurs and investors.