Nea's Barris Turns Football Loss Into Gain From Groupon Ipo

Latest News: In a football game Northwestern University in October 2005, the venture capital Peter Barris attended his alma mater suffering a 33-17 defeat of Michigan. The blow was softened by obtaining better information from their investment in the game career.A friend told him about a businessman named Eric Lefkofsky, and the two soon realized. Firm Barris, New Enterprise Associates, began to invest in projects Lefkofsky, including a bet 4.8 million dollars in a startup called The Point. This company started in 2007 with a vague idea about the "collective action and no prospects of earning money, became a Chicago-based Groupon Inc. Less than four years later, the increased participation of the NEA now more than 150 times to 2 , 28 million dollars, thanks to Groupon's initial public offering this week. We were fascinated with the concepts, but in fact there was a way to monetize it, Barris, 59, said in an interview earlier this year - before Groupon entered its pre-IPO quiet