Monday, November 9, 2009
Accel Partners Feels Like a Billion Dollars Today…No, Really!
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.
That would be the sale of AdMob to search behemoth Google for $750 million in stock, and the acquisition of Playfish by gaming giant Electronic Arts for about $300 million.
While Accel is not getting all that dough, it’s not a bad haul for the day.






