In a dismal year for both VC-backed IPOs and M&A, Accel Partners stood out. Nine of its portfolio companies were sold for combined proceeds in excess of $2 billion, a significant increase from 2008, when 10 of its portfolio companies were sold for less than $300 million in total disclosed proceeds.
Accel’s three biggest hits were mobile advertising startup AdMob, bought by Google for $750 million; open source software developer SpringSource, acquired by VMWare for $420 million; and national defense technology provider BBN Technologies, bought by Raytheon for $350 million.
I spoke to Accel’s Jim Breyer about his firm’s M&A successes and a host of other issues for Venture Capital Journal’s January issue. VCJ subscribers can read the full interview here. For you, dear peHUB reader, here are some video snippets of the interview:
Breyer’s take on the overall economy:
His outlook for corporate M&A:
His take on the market for VC-backed IPOs: