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I agree with this in general but if the original investment was only $12.7 million, that's pocket change to Accel and I would think the LPs would have a say in
by calbear81 14y ago
I agree with this in general but if the original investment was only $12.7 million, that's pocket change to Accel and I would think the LPs would have a say in whether or not they should hold or sell. For their next fund, they would have no problem raising several hundred million dollars without having to sell their FB stake given their stellar track record.
- kkwok 14y agoWhy should the LP's have a say in whether to sell or not? If they'd prefer to hold public Facebook stock, they could take their cut of the return and put it back in fb stock.