Venture Capital

UiPath Backer Accel Reaped $5.9 Billion From $172 Million Bet

Read more at www.bloombergquint.com

“We love all our companies, but the math is the math,” said Accel partner Rich Wong, whose firm who led the roughly $20 million initial investment in the company in 2017. “We are fortunate to be part of it,” said Wong, a board member at UiPath. Generally, venture capitalists consider anything that returns ten times the invested cash an extraordinarily good outcome. 

Read more at www.bloombergquint.com

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