Meet the VCs: Accel Partners' Kevin Efrusy
BoomTown runs into venture capitalists all the time in Silicon Valley and elsewhere and usually tries to run the other way.
Not so last week, when I enjoyed a lovely lunch and chat with Accel Partners’ Kevin Efrusy.
Perhaps that’s because Efrusy, who joined the Palo Alto, Calif.-based firm in 2003 (the outfit now best known as Facebook’s VC), has actually been an entrepreneur rather than just an entrepreneurial pundit like too many of his ilk.
He launched Corio, a software-as-a-service start-up that went public, and was CEO of IronPlanet, an online e-commerce marketplace for heavy equipment.
(There was also a stint at consultant Bain & Company, which I am willing to overlook.)
A Stanford University multi-grad with a master’s in electrical engineering, Efrusy is actually named on the Accel Web site as the “source” of the firm’s investment in Facebook.
And he has led Accel’s funding of both consumer and enterprise start-ups, such as social group-buying site Groupon and SpringSource, the cloud-computing unit acquired by VMware (VMW) for $420 million recently.
Here’s the video interview I did with Efrusy about the investment market in both these areas, as well as the overall mood in VC land: