December 27, 2000 11:37 AM

Context: He who hesitates is not always lost. Sometimes, he is not only prudent but downright savvy. Such is the case with Jim Breyer, the youthful-looking managing partner of Accel Partners, the heavy-hitting Silicon Valley venture-capital firm. A few years ago, Breyer was criticized for not joining the massive early investment in e-retailing start-ups. He was derided in the press as a venture capitalist who "didn’t get it." Today, because he refused to be rushed along with the herd, he is being hailed as a major force in Silicon Valley.

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