High-profile venture capitalists cut back roles at Accel Partners

By Sarah McBride SAN FRANCISCO (Reuters) - Two of Silicon Valley's most respected venture capitalists are cutting back their roles at Accel Partners, the big-name firm best known for its early investment in Facebook. Kevin Efrusy, who as a junior partner had brought Facebook to the attention of Accel, said he will not be a managing member of the firm's next venture fund. Accel's investors expect the firm to raise more capital early in 2014. Efrusy's investments include business-loan company Capital Access Network, software company Couchbase and deals site Groupon.



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