Accel’s Breyer Tells Startups: Raise Money Now If You Can
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Accel Partners venture capitalist Jim Breyer has some advice for technology startups as the stock market continues a volatile streak: Raise money now.
If the market keeps fluctuating and the initial public offering window closes for 12 to 18 months, “it can become very challenging for private companies,” said Breyer, whose firm invested $12.2 million in Facebook Inc. in 2005 and cashed out on as much as $1.3 billion when the social network went public in 2012. In total, Accel has made $6 billion from its Facebook investment.