Fund: Accel Partners
Posted by Vagabond on 2011-05-09
We Pitched to Adam and Accell late in the process of C round.
They responded immediately, flew over the weekend and started the deepest Due diligence we ever went through. They met the team, the board and related companies. Very significant amount of work was done in a very short time.
In the process and as part of the DD they introduced us to several leads that later turned into customers.
they made sure to do the reference calls and other checks done before signing the TS so it will not risk the company and made us give up other offers. (it was critical)
The deal fell through on terms a minute before signing the TS. I was truly disappointed.
After getting funded by multiple VCs, It was one of those cases that it feels that the VC can make a significant positive difference in the probability of success.
Based on the short experience, I strongly recommend to try AccelPRIVATE: Members Only