恩颐投资还有一支基金，投资处于各个阶段、各个地区和各个行业的公司，投资重点根据宏观趋势而变化。虽然与此同时，很多同行们开始发行了多只规模较小的基金。Accel Partners风险投资公司目前管理着一支早期基金，一支成长型基金，一支中国基金，一支印度基金和一支欧洲基金。恩颐投资负责投资者关系的合伙人苏珊•金认为，这只基金的灵活性很有好处。“【2006年】我们最开始发行NEA 12时，”她说，“我们曾认为我们应多投能源公司……但由于能源公司的估值变得非常高，最终我们没有投那么多。假如当时我们单独发行了一支5亿美元的能源基金，结果要么是无法完成投资，要么会在投资时倍感压力。”
NEA also has maintained a single fund that invests across company stage, geography, and industry sector, oscillating its focus depending on macro trends. This is at a time when many of its peers have raised multiple smaller vehicles. Accel Partners currently is managing an early-stage fund, a growth fund, a China fund, an India fund, and a Europe fund. Suzanne King, NEA partner in charge of investor relations, thinks the flexible nature of the fund helps. "When we first raised NEA 12 [in 2006]," she says, "we thought we'd have more in ... energy companies than we ultimately had because valuations got very heated. If we'd gone out and raised a $500 million energy-only fund, we either wouldn't have been able to invest it or would have felt pressure to do deals we otherwise weren't comfortable with."
Although NEA's funds are huge, the company has also gone small, launching a seed program, NEA Seed, that can invest as little as $50,000 in hopes of getting in early with consumer Internet companies.
Can the venture capitalist keep its track record going? Groupon's performance will certainly make a difference. But there's more to NEA than one hot IPO -- even if they don't tweet about it.