Jim Breyer News
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The Walton family now owns more than 50 percent of Wal-Mart Stores Inc.’s shares, which could give it greater control over the company’s board of directors.
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In 1999, Al Gore, then U.S. vice president and a Democratic candidate for president, sold $6,000 worth of cows.
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Facebook Inc., operator of the largest social-networking service, said Accel Partners’ James Breyer, an early investor in the company, won’t stand for re- election to the board.
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Accel Partners’ Jim Breyer said if it were up to him he wouldn’t take LinkedIn Corp. public now.
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Jim Breyer and Sean Parker, who were early stakeholders in Facebook Inc. and had a falling out at the company in 2005, agree on one thing: there’s too much capital flowing into Silicon Valley Internet startups.
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Accel Partners’ Jim Breyer, an investor in Facebook Inc. and member of the board, said Chief Executive Officer Mark Zuckerberg is likely to always have control of the company.
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Wal-Mart Stores Inc. Chief Executive Officer Mike Duke got a 14 percent raise in pay to $20.7 million as the retailer, trying to recover from a weak start this year, tied future bonuses to compliance controls.
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Accel Partners, the venture firm that backed Facebook Inc. and Groupon Inc., isn’t just looking for the next great Internet startup. It’s looking for the next Walmart.com.
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A few months after struggling to raise a new fund in 2005, Accel Partners bet $12.2 million on a website run by a college dropout. Seven years later, that wager is poised to be the most profitable ever for a venture firm.
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RockMelt Inc., the Web-browser startup backed by Netscape Communications Corp. founder Marc Andreessen, raised an additional $30 million as it seeks to challenge browsers from Microsoft Corp. and Mozilla Corp.
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