Too Much Hype At PEA? Jim Breyer Sounds Gloomy
Despite the fact that Accel won TWO awards this week -- it got the top spot on Red Herring's Top 100 Global Venture Capitalists list and was elected to Dow Jones Private Equity Hall of Fame -- Accel's Jim Breyer did not sound upbeat today when he was interviewed about the economy from the PEA conference by CNBC. "I don't think things are nearly as optimistic as we've been led to believe at this conference," he told CNBC's Rebecca Jarvis. "I have a great fear that today there is very little of a small business and consumer-led recovery. Until we see a small business and consumer-led recovery, I would advise great caution for the time being."
17 September 2009•2 mins read
