Want CNET to notify you of price drops and the latest stories?

Benchmark and Accel kiss and make up in SpringSource's Series B

Benchmark and Accel have come together to invest in SpringSource. Even VCs can play nicely together.

Matt Asay Contributing Writer
Matt Asay is a veteran technology columnist who has written for CNET, ReadWrite, and other tech media. Asay has also held a variety of executive roles with leading mobile and big data software companies.
Matt Asay

Dave already covered SpringSource's impressive Series B investment from Benchmark and new investor Accel, but the interesting factoid behind the investment is that the two firms co-invested at all, given the commonality between the two: Peter Fenton.

Two years ago, Fenton bolted from Accel to Benchmark, a move that jarred the cozy VC world. Partners rarely lateral to another move, and not without considerable consternation because it shakes up board seat arrangements and creates complications as to whose Aston Martin gets which parking spot.

It's therefore good to see that there's no enduring bad blood between Fenton and Accel. The VC world is too small to permit prolonged handwringing over parking spaces. (Peter, you can park your Aston Martin at my house anytime. Just leave the keys under the doormat.)

Congratulations to Rod and the SpringSource team for the investment. Two great firms and what I hear was a sweet valuation.