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Will Accel use its new $480 million Accel Growth Fund to invest in Facebook by the end of 2009?
Background: The New York Times has just revealed that premier Silicon Valley venture capitalist, Accel Ventures, has raised just raised a cool $1 billion. $480 million of that is for a later stage growth fund which invests in more mature start-ups.
One of Accel's many successes was its $15m investment it made in Facebook back in 2005. Facebook has since raised another $500 million however it employs over 700 people and still doesn't have a working business model.
Silicon Alley Insider is speculating that Accel's $480 million fund will be used to bail out Facebook. However, traditionally investors are barred from using new money to invest in earlier deals so this would be a significant departure.
One of Accel's many successes was its $15m investment it made in Facebook back in 2005. Facebook has since raised another $500 million however it employs over 700 people and still doesn't have a working business model.
Silicon Alley Insider is speculating that Accel's $480 million fund will be used to bail out Facebook. However, traditionally investors are barred from using new money to invest in earlier deals so this would be a significant departure.
Settlement details:As reported by a major mainstream news source.
Forecast history %
| Yes |
| ||||
| No |
|
Question suspends in 5 weeks
- Activity: H$2,140 |
- Predictions: 9 |
Comments: 0
Suspend date: Tue 15th Dec 11:59pm PST (5 weeks to go)
Initial likelihoods: Yes: 50%
Action history:
Suspend date: Tue 15th Dec 11:59pm PST (5 weeks to go) details 
Get widget!Predictions (9)
sdassani
predicted No (H$500 at 50%)
predicted No (H$100 at 49%)
stells
predicted Yes (H$100 at 51%)Comments (0)
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