I got the following on build until recently.
Initializing IIS Web Server…
Successfully created virtual directory ‘ycmbuild’.
Granting IIS read access to the folder ‘C:\Projects\YourClubMatters\Trunk\YCM\WebSite_deploy\Release’.
C:\Program Files\MSBuild\Microsoft\WebDeployment\v9.0\Microsoft.WebDeployment.targets(676,5): error : Some or all identity references could not be translated.
Warning: Unable to grant IIS access to folder ‘C:\Projects\YourClubMatters\Trunk\YCM\WebSite_deploy\Release’.
Done building project “WebSite_deploy.wdproj”.
========== Rebuild All: 7 succeeded, 0 failed, 0 skipped ==========