Private Equity
2 min read · 24 February 2011
Peter Wagner is leaving Accel Partners after nearly 15 years with the firm, peHUB has learned. Wagner sent an email to friends on Wednesday (Feb. 23) announcing his departure, but he did not say where he is headed or whether he will continue to invest in tech companies. A peHUB reporter read the email. Wagner is no longer listed as a partner in the "Investment" section on Accel's website. Instead, he has been moved to a section called "Venture Development." PeHUB reached out to Wagner through a third party, but did not hear back. An Accel spokesperson told me Wednesday night that “in his time at Accel, Peter has made many great contributions to the firm, the entrepreneurs he’s backed, and the companies he’s helped to build. We wish him well in his future endeavors.”
2 min read · 24 February 2011
2 min read · 17 February 2011
2 min read · 16 February 2011
Mobile store operator GetJar announced late Monday that it raised $25 million in a third round of funding. The round was led by Tiger Global Management and included Accel Partners, which funded GetJar’s previous two rounds. San Mateo, Calif.-based GetJar raised an $11 million Series B round in June 2010 and a $6 million Series A round in 2007. At the time of its Series B round last year, a company exec told me that GetJar -- which was previously based in Lithuania, where founder and CEO Ilja Laurs started it and self-financed it during its early stages -- has been profitable since its first round of funding from Accel. Laurs (pictured) penned a column for the February issue of Venture Capital Journal in which he said that U.S.-based VCs understand that the parameters of the classic business model do not apply to the businesses they back, unlike their European counterparts.
1 min read · 15 February 2011
3 min read · 08 February 2011
2 min read · 04 February 2011
Olivia Fox, an expert in the fields of charisma, trust, influence and persuasion, is finding herself being sought after by the VC and entrepreneurial communities
3 min read · 01 February 2011
2 min read · 25 January 2011
3 min read · 20 January 2011
