Dave McClure’s 500 Startups crew is at it again, with another group of companies joining its Accelerator program. The fourth group of startups in the 500 Startups Accelerator follows a lot of the same trends from previous participants, as McClure & Co. continue to bet big on female entrepreneurs and international startups. There’s also the continued focus on revenue-first startups, rather than those which need to hit “critical mass” before monetizing.
But before I get into all that, check out this video. Seriously. Watch it. This story will still be here when you’re done:
Ok, so now that you’ve gotten your fill of 500 Startups’ hilarious take on the Hunger Games, let’s talk about the companies themselves. Of the 27 startups in the program, seven have at least one woman founder, and more than half of the startups are from outside Silicon Valley. Of those, 12 are from outside the U.S., hailing from locations such as Australia, Brazil, Canada, China, India, Italy, Japan, Mexico, the Philippines, Slovenia, and the U.K. Others come from U.S. cities that include Austin, Chicago, New York City, and Washington, D.C.
Putting investment in non-Valley startups isn’t the only somewhat contrarian move from this Silicon Valley-based incubator. The current class also has a bunch of startups focused on unpopular market segments like parenting and education, small- and medium-sized businesses, and subscription e-commerce.
That’s because big wins on companies like Instagram are rare, and McClure’s not trying to hit a home run every time he comes up to the plate. Instead, he’s focused on singles and doubles. That means helping along startups that might not be sexy, but bring in revenue.
So what do the participating startups get? As with previous classes, all 500 Startups Accelerator participants get investment of $25,000 to $250,000 in exchange for five percent of equity. They also get some swank office space, access to hundreds of mentors, help in marketing, business development, administrative stuff… And, of course, help with future fundraising.
The Accelerator actually kicked off on April 2, so the program is already well underway, with demo days scheduled for July 17-18 in Mountain View, and July 23 in New York City. In the meantime, check out the next 27 companies to participate in this class:
500 Startups is an early-stage seed fund and incubator program located in Mountain View, CA. They invest primarily in consumer & SMB internet startups, and related web infrastructure services. Their initial investment size is typically $25K-$250K. Selected areas of interest include financial services & e-commerce, search/social/mobile platforms, personal & business productivity, education & language, family & healthcare and web infrastructure.
Dave McClure is a venture capitalist & the founding general partner at 500 Startups, an internet seed fund and startup accelerator program in Mountain View, CA. Dave has been geeking out in Silicon Valley for over twenty years, and has worked with companies such as PayPal, Mint, Founders Fund, Facebook, LinkedIn, SlideShare, Twilio, Simply Hired, O’Reilly Media, Intel, & Microsoft. He also likes to play ultimate frisbee when his knees don’t hurt. Dave has been an investor in over 100...