Accel Partners Facebook Leads the Way in Tech Investments

Accel Partners, a venture capital firm, has invested in some of the biggest names in tech, including Facebook. In 2005, Accel Partners led a $12.7 million investment in Facebook, valuing the company at $100 million.

This investment was a pivotal moment for Facebook, providing the necessary funding to expand its user base and develop its platform. With Accel Partners' support, Facebook was able to grow rapidly and eventually go public in 2012.

Accel Partners' investment in Facebook has proven to be a highly successful one, with the company's market value now exceeding $800 billion.

Accel Partners has announced a significant investment in thefacebook.com, a popular online directory.

The investment amount is $13 million, which will help the company gain greater flexibility in displaying advertisements.

Mark E. Zuckerberg, the founder and CEO of thefacebook.com, aims to move away from the current way of advertising, which he finds disrupting to the site's flow.

The site currently generates all its revenue from advertising, and has been profitable since its founding.

Jim Breyer, a managing partner at Accel, will assume a seat on thefacebook.com's board of directors.

The investment is attractive because of the entrepreneur's passion to build a compelling experience for college students.

Zuckerberg doesn't see the investment as altering the day-to-day operations of the site, but rather as a way to buy time and resources.

The company had previously operated with hundreds of thousands of dollars, and now has the opportunity to expand its features and usefulness.

Just hours after the investment was announced, Zuckerberg planned a "very big change" to the site, which will allow alumni to join a geographical community.

Accel Partners was one of the early investors in Facebook, providing a crucial boost to the company's growth.

In 2005, Accel Partners invested $12.7 million in Facebook, giving the company a valuation of $100 million. This funding helped Facebook expand its services beyond Harvard and into other universities in the US and later, worldwide.

Mark Zuckerberg, Facebook's founder and CEO, said that the investment was attractive because of his team's deep passion to build a compelling experience for college students.

Jim Breyer, a managing partner at Accel, will now assume a seat on Facebook's board of directors, bringing his expertise to the company's decision-making process.