Contact:

Ben Veghte
NVCA
1.703.778.9292
bveghte@nvca.org


FOR IMMEDIATE RELEASE:

SAN FRANCISCO, CA – The National Venture Capital Association (NVCA) today announced that Scott Sandell, General Partner at New Enterprise Associates (NEA), will serve as the 2014-2015 Chairman of the Board of Directors. His appointment was made official at NVCA’s annual meeting, VentureScape 2014, in San Francisco, CA.

Sandell assumes chairmanship of the industry’s flagship trade association at a pivotal time for the broader venture capital ecosystem. Amid growing recognition of venture’s critical role in fueling entrepreneurship and innovation, Sandell noted that the NVCA is uniquely positioned to serve as a resource and an advocate for an increasingly diverse group of stakeholders.

“Venture capital has an exciting story to tell, and for more than 40 years the NVCA has been a dynamic and effective voice for our industry,” said Sandell. “I am honored to serve as chairman and to help build on that strong foundation. Under Bobby Franklin’s leadership and in partnership with the many venture capitalists who are deeply committed to advancing the NVCA’s mission, I believe we can bring a new generation of tools and resources to assist in our advocacy efforts and, looking forward, position NVCA as the voice of the broader startup ecosystem.”

Sandell is preceded by Josh Green, General Partner of Mohr Davidow Ventures, who in his role as chairman led the organization through its search, selection and transition to its new President and CEO, Bobby Franklin.

“It’s been an absolute pleasure first getting to know Josh during the search and selection process and then later working with him as NVCA’s new president and CEO. His leadership to the organization and mentorship to me has been outstanding,” said Franklin. “While we will miss working with Josh from day to day, I’m excited for what the future has in store for NVCA. Josh has laid the groundwork for a really exciting future and we are fortunate to have Scott take over from this point. His stature in the industry and expertise on the critical issues impacting venture capital will add tremendous value to the organization and our advocacy efforts on behalf of the startup ecosystem.”

In addition to installing a new chairman, NVCA also announced the appointment of six new directors to its board.   This year, the association welcomes the following new board members to serve a four-year term:

  • Alexis Borisy, Partner at Third Rock Ventures
  • Jeff Crowe, Managing Partner at Norwest Venture Partners
  • Tim Curt, Managing Director at Warburg Pincus
  • John Drew, General Partner at Technology Crossover Ventures
  • Mike Maples, Managing Partner at Floodgate Fund
  • Ashton Newhall, General Partner at Greenspring Associates

NVCA also named Jonathan Callaghan, Founder and General Partner at True Ventures, as Chair-Elect for the 2015-2016 year. He joins Sandell, Scott Kupor, Partner at Andreessen Horowitz, Jonathan Leff, Managing Director at Deerfield Management, Maria Cirino, Managing Director at .406 Ventures, and Ray Leach, CEO at Jumpstart, Inc., on the Executive Committee of the NVCA Board of Directors.

About Sandell

Scott Sandell is a General Partner and head of NEA’s Technology investing practice. Since joining the firm in 1996, he has personally led investments in industry-transforming companies like Bloom Energy, Data Domain, Fusion-io, Salesforce.com, Tableau Software, WebEx, and Workday. Mr. Sandell has been named to the Forbes Midas List several times, with 21 technology companies in his portfolio having successfully completed public offerings or mergers. In addition to his focus on information technology and alternative energy investments, he leads NEA’s investing activities in China.

Mr. Sandell is currently a lead director of two public companies, Fusion-io (NASDAQ: FIO) and Tableau Software (NYSE: DATA), and also serves on the board of Workday (NYSE: WDAY).  He is also a director of a number of private companies including Bloom Energy, BloomReach, CloudFlare and Coursera. Other previous investments include 3ware (acquired by Applied Micro Circuits Corp.), Neoteris (acquired by Juniper Networks), NetIQ (NASDAQ: NTIQ), Playdom (acquired by Disney), and Spreadtrum Communications (NASDAQ: SPRD, acquired by Tsinghua Unigroup).

Prior to joining NEA, Mr. Sandell worked in various roles at Microsoft, C-ATS Software, and the Boston Consulting Group. He holds an MBA from Stanford and an AB in Engineering Sciences from Dartmouth College.


About National Venture Capital Association

Venture capitalists are committed to funding America’s most innovative entrepreneurs, working closely with them to transform breakthrough ideas into emerging growth companies that drive U.S. job creation and economic growth. As the voice of the U.S. venture capital community, the National Venture Capital Association (NVCA) empowers its members and the entrepreneurs they fund by advocating for policies that encourage innovation and reward long-term investment. As the venture community’s preeminent trade association, NVCA serves as the definitive resource for venture capital data and unites its nearly 400 members through a full range of professional services. For more information about the NVCA, please visit www.nvca.org.