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Accel Partners proves you can produce big returns even without a robust IPO market
01/19/2010
The past year was pretty miserable for the venture capital business as a whole. Of course, it wasn't miserable for everyone. Accel Partners, in particular, had a very good year, as nine of its portfolio companies were sold for combined proceeds in excess of $2 billion.
Fertile Ground for Startups 11/12/2009
Who needs job security? In June 2008, as the recession was moving from bad to worse, Caterina Fake gave up a comfortable, executive-level job at Yahoo! (YHOO) to launch a company. She left California and set up shop in New York City to co-found Hunch, a Web site that uses the experiences of others to help people make decisions. The 40-year-old, who had co-founded the...
It’s a pretty good day — and year — for Accel Partners 11/09/2009
It’s weird how good news for VCs seems to have come in pairs. This morning, Electronic Arts said it’s buying social gaming company Playfish for up to $400 million in cash and stock, and a couple hours later Google announced that it’s buying mobile ad network Admob for $750 million. The common thread? , which invested in both companies.
Accel Partners Feels Like a Billion Dollars Today...No, Really! 11/09/2009
Who said the venture capital industry is sucking wind lately? Well, it is–but not today, and especially, not Accel Partners, which sold two of its portfolio start-ups to large public companies for a total of $1.5 billion.
Accel Partners Keeps The Hits Coming With AdMob, Playfish 11/09/2009
By Scott Austin Accel Partners is making other venture capital firms look plain silly. At a time when VCs have struggled to sell their portfolio companies or bring them public, Accel is the backer of two companies - mobile advertising company AdMob Inc. and games developer Playfish Ltd. - that announced today they have been acquired for more than $1 billion.
Accel Partners adds Neeraj Bharadwaj as MD in India to build growth investing effort 10/19/2009
•India growth investing initiative will complement Accel’s existing early stage activities Mumbai, October 19, 2009: Accel Partners, a leading global venture capital and growth equity firm operating in Silicon Valley, Europe, Israel, China and India, today announced that Neeraj Bharadwaj has joined the firm as a Managing Director to help build its growth equity investing initiative in India...
From CTIA: The rise of open mobile (and congratulations Android team)
10/08/2009
[Richard Wong, a venture capitalist with Accel Partners, submitted this piece to VentureBeat.] Mobile has never been hotter with the iPhone, Android, the explosion in mobile advertising, and the rise of mobile apps, but, you’d never know it walking around the mobile conference called CTIA, held here in San Diego today.
Accel Ranked #1 in Top 100 Global VC's
09/11/2009
After long research, Red Herring is releasing its Top 100 Global Venture Capitalists list. This comes as economies have radically changed across the globe, seriously challenging the asset class. Nevertheless, the facts remain: higher relative returns, hundreds of thousands of jobs created, and super-sized brands such as Facebook and Twitter speak volumes. Not to mention...
Jim Breyer interview on building a global VC firm
09/11/2009
Jim Breyer has become the poster child for a forty-something generation of venture capitalists who have successfully spotted breakthroughs. His most recent one, Facebook, is definitely dishing out headaches to Google and MySpace. He also sits on the boards of Wal-Mart, Dell, and Marvel Entertainment and somehow finds time to look for the next big hit. Since the next...
Accel discusses its Energy investing strategy in a new paper entitled Entrepreneurial Energy 07/28/2009
As Energy investing moves into its next phase, promising opportunities emerge in which lean, focused entrepreneurial teams can set the agenda, define new categories and create substantial value.
The Wall St Journal on: Accel Partners' digital media experience, and the SunRun investment
07/28/2009
SunRun LLC hopes that with the help of its new online media-savvy investor Accel Partners, it will be able to make solar a product of mass appeal. The company, which sells solar power to homeowners for monthly fees and relatively small upfront costs, already used tips from Accel and saw the number of unique visitors to its Web site rocket to well over 150,000 in May, even as its competitors SolarCity and Sungevity continued getting well under a third of those views, according to a chart by Web analytics company Compete.com.
Sukhinder Singh Cassidy, Accel CEO-In-Residence Fortune Magazine Interview
07/01/2009
When I got my first job at Merrill Lynch [as a junior analyst], I ended up working for a managing director, Henry Michaels. He was known from his more junior days as "Hank the Crank" for his ability to crank it out and work fast. At only 32 or 33, Henry was already a managing director. At my level [then] you were typically staffed on a project with the managing director, a director, and an associate in addition to the junior analyst. I got staffed directly with Henry on a project with no one in between and he gave me a lot of runway.
Accel India Makes Strategic Investment in CA payment firm enStage 06/10/2009
Accel Partners (India), a leading venture capital firm, today announced an investment in enStage, Inc., a Cupertino, California based provider of innovative payment solutions. enStage specializes in serving the payment industry in emerging markets such as India and has been a leading provider of authentication and payment solutions in prepaid, online, and mobile payments.
 
 
 
GetJar In Entrepreneur Magazine 01/25/2010
While Apple's App Store dominates headlines and airwaves, independent GetJar has quietly emerged as the mobile application portal of choice for millions worldwide -- thanks to an open-door policy that welcomes both software developers and customers regardless of wireless device, operating system or network operator.
RAMP Selected by AlwaysOn as an OnMedia Top 100 Winner 01/19/2010
Recognized for creating new opportunities in marketing, branding, advertising, and publishing. Woburn, MA, January 19, 2010 – RAMP, the industry’s leading Content Optimization company today announced that it has been chosen by AlwaysOn as one of the OnMedia Top 100 winners. Inclusion in the OnMedia 100 signifies leadership amongst its peers and game-changing approaches and technologies that are likely to disrupt existing markets and entrenched players...
EA to pay $275m cash for Playfish 11/09/2009
Electronic Arts has entered the fast-growing market for games on social networks with its $400m purchase of Playfish. EA’s deal is comprised of around $275m in cash and $25m in shares, with a further $100m dependent on performance until the end of 2011. Playfish, known for games on Facebook such as Pet Society and Restaurant City, will join EA’s interactive division.
The Wisdom Of AdMob’s Founder Omar Hamoui 11/09/2009
By Scott Austin Google Inc.’s announcement that it will buy AdMob Inc. for $750 million brought a media spotlight on Accel Partners, an investor in both AdMob and Playfish Inc., which said today it will sell to Electronic Arts Inc. for at least $275 million. Several blogs, including this one, hailed Accel Partners for its impressive and quick investment returns at a time when deals like these are hard to come by.
Microsoft Signs Deal To Boost AdSense Rival >MSFT 11/02/2009
Microsoft Corp. (MSFT) said Monday it has signed a deal to expand the reach of a contextual online advertising service designed to compete with rival technology offered by Google Inc. (GOOG). Under the terms of the deal, Microsoft and closely held online advertising exchange OpenX Technologies Inc. have agreed to refer publishers to each other, while OpenX will promote Microsoft's Content Ads products, which can place advertising on Web sites with related and appropriate content. Microsoft is ...
Playfish hits real revenue stream 11/02/2009
A New York company is marketing the "Virtusphere" designed to facilitate a virtual reality experience unmatched by any other.
Tellabs acquires WiChorus to revolutionize the mobile Internet 10/22/2009
Naperville, Ill. — Users want mobile Internet services anywhere, anytime. Sales of smartphones are growing more than 30% a year, and netbooks are taking root. As a result, Tellabs’ mobile customers expect mobile data traffic to grow 30% to 50% a year for the foreseeable future. Such high growth demands scalable, next-generation network architectures to deliver 3G and 4G services...
EveryZing Licenses Universal Search & Publishing Platform to FOX News and FOX Business Network 10/12/2009
Woburn, MA. – October 12th, 2009 – EveryZing, the leader in universal search and publishing solutions, announced that FOX News Channel and FOX Business Network have selected EveryZing’s solution suite for FOXNews.com and FOXBusiness.com. EveryZing will enable all current and archived videos, podcasts, articles and images published by each site to be automatically indexed and made available for online search and discovery, both by users on the websites and across major Web search engines. EveryZing provides site search and SEO...
Causata Launches Customer Interaction Platform With $4.5M From Accel Partners 10/05/2009
Accel Partners has poured $4.5 million into Causata, a San Francisco-based software startup that provides tools companies can use to optimize customer experience and business results. The Series A round actually closed back in April this year, but the name of the investor has only now been made public through a regulatory filing, reports peHUB. Judging by messages posted this morning on the company’s Twitter account, the software startup has only now gone public with its website and offering.
Sunrun Closes $18m Equity Investment; Will Expand Affordable Home Solar Power 07/28/2009
Home Solar Financing Pioneer Receives Backing from Accel Partners
Gameforge CEO to Keynote at 2009 GDC Europe 06/30/2009
GDC organizer Think Services (also parent of Gamasutra) announced that Klaas Kersting, CEO of German browser game pioneer Gameforge, will keynote the business track at the 2009 Game Developers Conference Europe.
Kosmix, Mochi Media, Etsy, Cloudera and Admob: Businessweek’s 2009 Top 50 Tech Startups 06/24/2009
BusinessWeek and market researcher YouNoodle have teamed up to identify 50 tech startups flying under the radar. Our list includes fledgling tech companies—most started in 2005 and later—from the U.S., China, India, Israel, and Russia that are attracting some early buzz and are poised to grow beyond their regional or niche-market origins.
Tumri Raises $15M Financing, Adds Time Warner as Strategic Investor 06/22/2009
Online ad firm Tumri has secured $15 million in financing from Time Warner (NYSE: TWX) Investments and others as it seeks to complete its transition from a contextual-ad supplier to a business focused on display. The investment includes over $10 million in equity from Time Warner and previous backers Accel Partners, Shasta Ventures and Tenaya Capital, plus $5 million in a debt commitment from Silicon Valley Bank. The company will use the proceeds for a global rollout, as well as building up its sales and marketing team. With this financing, the Mountain View, Calif.-based company has raised a total of $31.5 million in investments.
The Great Wall of Facebook: 06/22/2009
Larry Page should have been in a good mood. It was the fall of 2007, and Google's cofounder was in the middle of a five-day tour of his company's European operations in Zurich, London, Oxford, and Dublin. The trip had been fun, a chance to get a ground-floor look at Google's ever-expanding empire. But this week had been particularly exciting, for reasons that had nothing to do with Europe; Google was planning a major investment in Facebook, the hottest new company in Silicon Valley.
MetraTech Corp Wins Best Overall at 2009 World BSS Awards 06/17/2009
WALTHAM, Mass. and LONDON, -- MetraTech Corp., the innovative charging, billing, settlement and customer care product provider,has won the Best Overall prize at the prestigious World BSS Awards. The award was presented to two companies, MetraTech and Oracle Corporation, at a ceremony during IIR's BSS Summit 2009 in Amsterdam from June 8-11, 2009.
Facebook Dethrones MySpace in US 06/16/2009
Facebook Inc., after eclipsing MySpace in global users last year, now leads its social-networking rival in the U.S. as well, according to research firm ComScore Inc. The Palo Alto, Calif., company had 70.28 million U.S. users last month, topping MySpace's 70.26 million, ComScore said. Facebook's users almost doubled from a year earlier, while MySpace lost 5%.
MetraTech Wins Best Overall at 2009 World BSS Awards 06/16/2009
WALTHAM, MA and LONDON--(Marketwire - June 16, 2009) - MetraTech Corp., the innovative charging, billing, settlement and customer care product provider has won the Best Overall prize at the prestigious World BSS Awards. The award was presented to two companies, MetraTech and Oracle Corporation, at a ceremony during IIR's BSS Summit 2009 in Amsterdam from June 8-11, 2009.
OpenX CEO Interview in Wired Magazine 06/15/2009
The internet has wrecked the conventional model of advertising-driven content, but parts of that model can be revised, OpenX CEO Tim Cadogan said Monday. And he’s here to help.
AdMob CEO Omar Hamoui Bloomberg TV Interview 06/12/2009
Altor Networks Wins Reader Trust Award for Virtual Network Security 05/19/2009
Redwood City, CA – May 19, 2009 – Altor Networks announced today that Network Products Guide, industry’s leading publication on information technologies and solutions has named Altor VF virtual firewall a winner of the 2009 Best Products and Services Award. This respected annual award honors products and services that represent the rapidly changing needs and interests of the end-users of technology worldwide. As part of the tech-industry’s leading global awards program, this year’s Best Products and Services were nominated from all over the world.
EveryZing Closes $8.25MM Funding Round, Signs Agreement With NBC Universal 05/11/2009
EveryZing, Inc. today announced it has closed an $8.25MM round of funding, adding GE/NBCU’s Peacock Equity Fund to its existing investors, which include Fairhaven Capital, General Catalyst Partners, Accel Partners and BBN Technologies.