Longtime Facebook board member Jim Breyer stepping down
Jim Breyer, the venture capitalist whose firm Accel Partners made an early bet on Facebook, is stepping down from Facebook's board, according to a Securities and Exchange Commission filing on Friday.
Bryer courted co-founder Mark Zuckerberg in Facebook's early days and eventually got him to agree to take a $12.7 million investment that valued the company at $93 million. What a bet that turned out to be -- for Breyer and his firm. Accel sold $2.1 billion worth of shares into Facebook's IPO last May. Last October, Breyer personally cashed in more than $81.1 million … Read more