Facebook Backer Launches ‘Big Data’ Fund

Accel Partners wants to invest in the 'picks and shovels' of the social Web

Accel Partners has backed some of the biggest online hits of the past few years, including Facebook, Groupon, and Angry Birds-maker Rovio. But with its new $100 million fund, the firm wants to invest in an area that's a little less sexy—"big data" startups.