• more about

    #accelpartners

    Accel proves venture capital really is a criminal business

    Facebook to spend another $2 million trying to prove it's worth $15 billion

    How Jeff Weiner botched the top job at Facebook

    read more: #eastvswest, #accelpartners, #batteryventures, #facebook, #jimbreyer, #valleywag

    Boston VC who passed on Facebook trashes the Valley

    tobin.jpg Would Cambridge-founded social network Facebook have grown into its current role as tech media darling if it had stayed back east instead of seeking its fortune in California, wonders Boston.com? Answer, as supplied by Facebook investor Jim Breyer from Accel Partners: No. As in N-O. No effing way. Nada, etc. Why? Breyer elaborates: ""So many of the Facebook employees have come from top Internet companies like Yahoo, eBay, and Google that the culture that has been built at Facebook is fundamentally more consumer/Internet savvy than if it would've been built anywhere else on the planet." Sounds plausible to us! But bitterly jealous Battery Ventures partner Scott Tobin—who passed when Zuckerberg came to him for startup money— has a different take. "Folks in the Valley are incredibly ego-centric to a point of snobbery" he blithely claims. True enough. But, he goes on to say, passing on Facebook "may turn out to have been a mistake."


    Contact information for this author is not available.