The story
Founded by Arthur Patterson and Jim Swartz in 1983.1
In 1983, Accel was founded by Arthur Patterson and Jim Swartz. The co-founders developed the firm's "prepared mind" investment philosophy based on the Louis Pasteur quote "chance favors the prepared mind", which they say requires "deep focus" and a disciplined and informed approach to investing.
In 2000, Accel and Kohlberg Kravis Roberts formed Accel-KKR, an independently operated technology-focused private equity investment firm focused on control investments in middle-market companies. In the same year, Accel partnered with IDG Capital to create IDG-Accel, a joint venture focusing on early-stage and growth investments in the Chinese market.
In May 2005, Accel, under the leadership of Jim Breyer, invested $12.7 million for 10% of Facebook, before the company had revenue. This investment became one of the most lucrative in venture capital history and was worth $6.6 billion at the time of the company's initial public offering in 2012.
From Wikipedia’s article on Accel (company), shared under CC BY-SA 4.0.5