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Accel Hires Former Groupon President Solomon as Venture Partner

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April 30 (Bloomberg) -- Accel Partners, the investment firm that made a fortune from an early investment in Facebook Inc., said former Groupon Inc. president and operating chief Rob Solomon is joining as a venture partner.

Solomon will look to invest in early stage and maturing technology companies, while working with startups on matters including product management, business operations and mergers and acquisitions, the Palo Alto, California-based firm said today in a statement.

Solomon has a long history with Accel. He founded online travel startup Sidestep Inc., which was acquired in 2007 by Accel-backed Kayak Software Corp. Accel was an early investor in Groupon, the daily-deal site where Solomon worked as a top executive from 2010 to 2011. He’s also a director at High Gear Media Inc., an Accel company.

Prior to joining Chicago-based Groupon, Solomon worked as a venture partner at Technology Crossover Ventures.

To contact the reporter on this story: Ari Levy in San Francisco at alevy5@bloomberg.net

To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net

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