Bud Colligan focuses on software, digital media, education, and cloud computing investments at Accel Partners, which he joined in 1998. Bud sits on the board of directors of Yodlee and lynda.com and is an investor in and adviser to Days of Wonder, Wheelhouse and NextSpace. Bud was an Investor and Board Member at CNET Networks, acquired by CBS (NYSE: CBS); Brightmail, acquired by Symantec (NASDAQ: SYMC); and S3 Corporation, acquired by Via Technologies (TSE: 2388.tw). In 2013, Bud was honored as an Outstanding Director by the Silicon Valley Business Journal and San Francisco Business Times.
Prior to Accel, Bud co-founded Macromedia in 1992 through a merger of Authorware and Macromind-Paracomp. Bud headed Authorware as President and CEO from 1989-92. At Macromedia, Bud served as CEO from 1992-97 (taking the company public on NASDAQ in December 1993), and as Chairman until July 1998. During Bud's tenure, Macromedia grew from a start-up to over $100 million in revenue. In 1996, Bud was named Software Entrepreneur of the Year by Ernst and Young. In 2005, Macromedia was acquired by Adobe Systems for $3.4 billion.