In what is the first but certainly not the last time we’ll hear of Silicon Valley venture capitalists opening up an office in New York, storied venture firm and Facebook/Groupon backer Accel Partners has opened a New York outpost at 11th and Broadway. This will be the second US location for Accel, which has offices in Bangalore, Beijing, London, New Delhi and Shanghai.
East Coast vs. West Coast has been a universal theme ever since Biggie and Tupac and now it’s extending itself to the world of startups and venture capital. Accel Partners is justifying the move by saying that it’s made over 15 investments in the New York Area in the past three years and that it does not plan on stopping its aggressive NYC investment pace. Indeed, its (offical) New York investment roster includes:
· Quidsi – Diapers.com – parent company for www.diapers.com and www.soap.com
· Etsy – DIY craft marketplace
· Squarespace – Website and blog publishing platform
· Learnvest – The leading independent personal finance website for women
To read the full, original article click on this link: Silicon Valley Migrates! Accel Partners Opens Up A New York Office
Author: Alexia Tsotsis
