News Byte

Accel Leads $9.4 Million Round for Affiliate, App Marketing Tracker HasOffers

HasOffers, a four-year-old company that helps companies track their affiliate marketing programs, has raised its first outside funding, a $9.4 million round led by Accel Partners, along with angels including RealNetworks founder Rob Glaser. The company also offers a service that lets app developers track installs and other engagement metrics they can attribute to advertisers.

Video Shopping Startup Joyus Raises $11.5M in Second Round, Focuses on ROI of Online Retail

Do online retailers need to make it count for merchants?
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Former Groupon President and COO Solomon Joins Accel Partners

Every time a bell rings, a VC gets its wings.
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Accel Partners’ Jim Breyer Won’t Return to Dell’s Board

His third resignation from a high-profile board in recent days.
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Accel Partners’ Jim Breyer to Leave Facebook Board in June

A longtime Facebook director won’t seek reelection to the board come this summer.
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Riverbed CEO Kennelly Joins Board of Startup Nimble Storage

Another director with public company experience.
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News Byte

SV VC Accel Also Hires Marketing Partner, This Time From Yelp

Accel Partners has hired Stephanie Ichinose, head of communications at Yelp, as its first marketing partner. But it’s not the first for Silicon Valley venture firms, which have been on a hiring spree in that department since Andreessen Horowitz nabbed high-profile exec Margit Wennmachers several years ago to give the firm an even higher profile. Since then, Sequoia Capital, Kleiner Perkins and Khosla Ventures have all added top PR and marketing execs to help with communications for their various startups. Accel said Ichinose “will be responsible for managing the Accel Partners brand and advising entrepreneurs in the Accel portfolio on their strategic positioning and communications strategies.” In other words, Accel! Along with her work at the online recommendation service, Ichinose has also worked at Yahoo and Sony Computer Entertainment America.

News Byte

Twitter Engineering SVP Joins Board at Mobile Payments Company Braintree

Twitter SVP of engineering Chris Fry has joined the board of directors at mobile payments platform Braintree, the company announced on Friday. Braintree provides the backend infrastructure powering a large number of sites, including Fab, Uber, Airbnb and others, and is doing north of $8 billion in payments volume on its platform annually. Fry, who was chosen specifically for his infrastructure background, joins the likes of NEA, Accel Partners, Braintree CEO Bill Ready and Nigel Morris of Capital One on the company’s board.

News Byte

Accel Closes $475 Million European Tech Fund

Accel Partners said today it had closed its $475 million London IV fund, which will focus on early and growth-stage tech companies in Europe and Israel. The venture capital firm said the fund was raised in just eight weeks and was “significantly oversubscribed.”