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.
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.
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.
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.