Jim Breyer (left) and Facebook founder Mark Zuckerberg Berg
for Accel, our holy grail industry specializing in several areas of expertise, we maintain the advantage, and now these advantages have been gradually become a tradition of Accel.
2005, venture capital firms Accel Partners, a partner Jim Breyer decided to invest $ 12.7 million to the website created from the drop-out students. Seven years later, this website called Facebook’s upcoming Breyer’s investment in exchange for a return of nearly 800 times.
years later in retrospect, Jim · Breyer still as a night unforgettable. The starry night sky in New York to New Jersey, the clock has gradually pointing to midnight, dragged his weary body, and Breyer must Jiangdajingshen. In the past three hours, he had to drive alone to visit the ten top executives in New York, Connecticut and New Jersey home, in order to offer the next day to attend the meeting in the evening when the business plan information. Previously, in order to modify this plan, the whole team have worked continuously for a few days, but as a rookie, he also understands the task appointed at the whim of the director of his best to complete the project as soon as possible. And when again the next day he returned to the office, but to see the full ten shiny extended luxury cars lined up in front of the company building. Ken tin consulting firm, a rookie business consultant, Breyer has been spent in New York two years time mediocrity.
Breyer is now sitting in the office of Accel’s Silicon Valley headquarters recollection of events, he is a global venture one of the hottest investment. As a focus in computer science and technology areas of venture capital experts, Breyer vision God quasi past 20 years, he led Accel investment the company has been 30 successful listing or completed mergers and acquisitions, including buy site the Groupon, 2009 was Gu song (micro- Bo) mobile phone advertising website for $ 750 million acquisition of Admob, and Electronic Arts (Electronic Arts) to $ 400 million purchase of a social gaming site of Playfish. But now, the investment of Accel most attention is Zuckerberg’s social networking site Facebook.
with Facebook coming soon, the industry estimates that this had for $ 12.7 million investment will be worth more than $ 8 billion. And then, Breyer I invest one million U.S. dollars of the website will also he brought about 800 million U.S. dollars worth. It is by virtue of its investment in Facebook, Jim Bray, in the just-released list of Forbes 2012 world’s top ten investors continue to sit tight in the top of the bit.
all the way west
Breyer was born in 1961 in a Hungarian immigrant families in the state of Connecticut New Haven City. Family leave in Budapest after the Hungarian Revolution of 1956, the first year of life spent in Vienna, in 1957 and onward migration to the U.S. East Coast. Breyer adulthood very proud of his family, he once wrote, extraordinary talent for mathematics, attended the best universities in Hungary, and Andy Grove (Editor’s note: Intel (microblogging), chairman) alumni, and later became department head of automated design of the Honeywell Group
I do not know because the family monasteries, or by the Association of Andy Grove and Wei Desheng (Editors note: Les Vadasz, Intel Vice Chairman) and other people success stories inspired early Breyer will be interested in the related fields of computer and information engineering. Graduated from high school that year, outstanding, he also received the acceptance letter from Yale and Stanford.
time is the 1970s and the 1980s, Silicon Valley computer technology industry thriving. Stanford’s first academic year after the end of that summer, and Breyer have the opportunity to practice into Hewlett-Packard data processing department. That summer, as an intern, he had the opportunity to lunch with Hewlett-Packard CEO John Young, and talked about the view of the company’s future development. He was recommended to John Young, Hewlett-Packard Company shall enter the PC market, and told his nearby company called Apple’s enterprise is manufacturing a PC.
called Apple to become a dark horse of summer stock, in one summer, the company’s share price soared from $ 11 per share to $ 60, Steve Jobs in 1981 first landing on the cover of the Times, he was worshiped by the people like that Mark Zuckerberg camel. Breyer, as a senior Apple fans, Apple’s second generation of PC purchased in the summer of that year, Jobs delivered the resume, I hope to get jobs.
for my 21-year-old, Apple is the world’s best companies, the whole company all employees are over 20 years of age, they represent a young, creative, unique, boundless energy and endless possibilities
Breyer choose to join the venture capital firm created by former Citibank employees Patterson and Swartz of Accel, serve this was not well-known venture capital firm means that the standard of his salary is only half of the classmates or even a quarter, but he Accel obtain valuable wealth of knowledge, namely, The doubts never shot, one shot will be a hit that
years later, hit fame in the venture community Breyer In an interview with his alma mater, publications, performance, you need to know is where, of course, for different companies, the path to success hundreds of thousands, but for Accel, our holy grail industry specializing in surgery, we have several professional areas to maintain the advantage, and now, these advantages have gradually become the tradition of Accel. Best Investor List from Accel, Breyer, and Anderson, Horowitz Foundation Their common features are investing in social networking sites including Facebook, Twitter, LinkedIn, and a lot of benefit.
Breyer Business School, graduating in the late 1980s, This is a global economic crisis, Wall Street’s largest investment bank in a perilous position, and social media as the representative of the IT industry is the rapid development of once Breyer classmate who is not looked down on the venture capital funds also will enter the stage of rapid growth. Which, again Breyer of Accel led the industry leader.
Accel to Facebook in 2005 to invest $ 12.7 million, when the decision is considered to be the most controversial in the history of the company an investment. Valuation of the time by Harvard dropout Zuckerberg set up in the campus social networking site was only $ 100 million registered users, only 10 full-time employees and 700,000 university, and no business model.
the Zuckerberg Archetypes film wine, especially selected for this investment and taken to the Facebook office to mark the occasion, wearing a blue and white slippers, Zuckerberg is only willing to drink Sprite.
For Breyer, the investment in Facebook coincides with his own Code of Conduct in venture capital investment enterprise of most commercial ambitions.
who loves the art of investors once the process to explore the works of artists to the media to explain his to find the most growth potential enterprises guidelines: ultimately tend to be mediocre, but the last one to become Picasso.
of Accel is currently the largest shareholder of the addition to the Zhake Bo extra site. Facebook is about to begin this month, Accel is currently held by some 11% stake (Breyer holds 1%) is expected will be worth $ 8,000,000,000, return on investment not only refresh the Accel history, can also be seen as an investment.
As one of the 2 issue of Fast Company magazine article on Facebook listed club members begins review of that, precisely because of Facebook, such as Breyer so had can only be regarded as those who find themselves about to enter one of the more niche the super-elite populations.
team partners
when it comes to their own success, the Breyer said that the secret is that he will always be a team player. investment funds and organizing a basketball team is no different. hard-type , integrity and quality than a perfect resume more convincing. very unfortunate luck to occupy a large part of the factors.
Breyer admitted that each investment, he would not help but think of the most difficult period of darkness in the development of the capital injection company, shareholders are sitting around in a conference room, to discuss how to clean up the mess thrown out investment in Facebook that investors were to do the dream: the value of 100 billion in 2015, microblogging | SAN official microblogging