Rich Wong was late to get on the call for our interview. A General Partner at Accel, Wong had just finished a board meeting with Sunrun, a solar energy startup that he saw through the IPO process in 2015. Sunrun’s stock dropped some 20% immediately after it went public, but Wong feels that the IPO was successful overall.
The timing of Sunrun’s board meeting was fitting, given the topic I had called him to discuss. In the last five years, private investors have thrown $362 billion into startups, with a whopping 173 now valued at $1 billion or more……read more