tyb
Slack Technologies sold by Accel Partners: $8.69m-Dec 23
Slack Technologies Inc
Slack Technologies, Inc. operates as a software company. The Company designs and develops communication platform that provide real-time messaging, file sharing, archiving, and searching services for teams. Slack Technologies serves clients worldwide.
https://en.wikipedia.org/wiki/Slack_Technologies
Andrew Braccia
https://www.forbes.com/profile/andrew-braccia/#2cb5eea04fee
Accel Partners
Accel, formerly known as Accel Partners, is an American venture capital firm. Accel works with startups in seed, early and growth-stage investments. The company has offices in Palo Alto, California and San Francisco, California, with additional operating funds in London, India and China (through a partnership with International Data Group (IDG-Accel)).
Accel has funded technology companies including Facebook, Slack, Dropbox, Atlassian, Flipkart, Supercell, Spotify, Etsy, Braintree/Venmo, Vox Media, Lynda.com, Qualtrics, DJI, Cloudera, Jet.com, Ethos, GoFundMe, Vectra Networks Inc. FabHotels, BrowserStack, Instana and Egyptian Instabug. 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 requires "deep focus" and a disciplined and informed approach to investing. In 2000, Accel entered a joint-venture with Kohlberg Kravis Roberts to form Accel-KKR a technology-focused private equity investment firm focused on control investments in middle-market companies.
In 2001, Accel opened its London office as a separate fund, to invest in European technology companies, focusing on Series A and Series B investments. Its European investments include Avito (acquired by Naspers for $1.2 billion), BlaBlaCar, Deliveroo, Spotify and Supercell (acquired by Tencent for $8.6 billion), among others. In addition to Accel's continued investments in early-stage startups from the Accel early stage fund, the firm announced a $480 million growth fund in December 2008, focused on growth equity opportunities in information technology, the internet, digital media, mobile, networking, software, and services. In March 2016, Accel raised $2 billion, $500 million for an early stage venture fund and $1.5 billion for growth investments. In April 2016, Accel raised a separate $500 million fund for investments in Europe and Israel. In November 2016, Accel's India arm closed its fifth fund with $450 million, about two years after closing its fourth fund with $325 million.
https://en.wikipedia.org/wiki/Accel_(venture_capital_firm)
https://www.finviz.com/insidertrading.ashx?oc=1536303&tc=7&b=2
>>7632327 Banks Set for Biggest Job Cull Since 2015 as Morgan Stanley Cuts
notable
>the institutions that are supposed to benefit the most from rising markets….
funny how they don't explain that part. then they would have to get into an actual analysis about interest rates/derivatives.
here's the BIS link to the reports updated on Dec 9th.
Look how they classify the overall amount in the table. highlight
D5 Global OTC derivatives market
https://www.bis.org/statistics/derstats.htm
everything would freeze. It wud be berry bad.
But they, systemic control, would be over at that point.
Eventually this will need to be addressed and imo is part of the decades long plan to blow it up…to the upside. They had the chance to reign these in at the end of the 90's…they chose not to. Powell placed a large chunk of this at Deutsche bank when he worked at banker's trust, then moved to carlyle grp. after a short stint back at Dillon Reed. It's no coincidence he is now the FRB chair.