NEA’s Kramlich Expects ‘Blockbuster’ Year for Technology IPOs

Dick Kramlich, a 42-year veteran of the venture-capital industry, expects 2011 to be a “blockbuster” year for initial public offerings among technology companies.

“Over the next 12 months, we’re going to see something we haven’t seen in the last 10 years, which is the evidence of blockbuster IPOs,” said Kramlich, co-founder of New Enterprise Associates in Menlo Park, California, in an interview with Bloomberg Television. There will be “half a dozen companies that are going to command huge multiples,” he said.