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Accel Partners closes two funds adding up to nearly $1.5 bln

Accel Partners, the Palo Alto, Calif.-based venture firm that was an early investor in Facebook, has closed two news funds totaling $1.475 billion. The firm raised $475 million for its 12th main fund, the same size as Accel XI, which closed in 2011. The firm also raised $1 billion for Accel Growth III, exceeding the $875 million that the firm raised for its second growth fund, which also dates back to 2011, according to Thomson Reuters.

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An Entrepreneur Takes On LinkedIn — and Facebook

Entrepreneur Rick Marini has a lot to be thankful for, including smart, connected friends who’ve supported him in the launch of two of his businesses. The most recent of these is BranchOut, which leverages Facebook to help people find business connections and that has an enviable list of backers and advisors. Marini may soon need them more than […]

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