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Accel, a prominent venture capital firm, has agreed to increased regulation by the Securities and Exchange Commission (SEC). This decision enables the firm to acquire a larger number of shares in non-public companies. The move comes as Accel seeks opportunities in the expanding secondary market, as indicated by its recent filings with the SEC. The firm’s actions highlight a broader trend among venture capitalists, who often prioritize growth metrics over profitability, particularly when seeking new funding rounds.
This is a timely reminder that VC-funded companies oftentimes care about very different goals/metrics than bootstrapped ones. “Growth” is usually a more important metric for a VC-funded one than reducing losses/improving profits. B/c without growth it’s hard to raise a new round https://t.co/8TzM2H28Nf
Accel is the latest venture capital firm to consent to heightened regulation with the SEC, a tradeoff that allows it to buy more shares of non-public companies https://t.co/A8sBG66TF7
Accel is the latest venture capital firm to consent to heightened regulation with the SEC, a tradeoff that allows it to buy more shares of non-public companies https://t.co/r2LcEim9De