Today was a pretty big day for 500 Startups, the Silicon Valley seed venture capital firm and startup accelerator founded by outspoken tech investment extraordinaire Dave McClure. The firm disclosed in a regulatory filing that it’s halfway finished raising a brand new $50 million round of funding, the second in its two-year history and a significant step up from the $29 million investment that it… → Read More
After 500 Startups Demo Day on Thursday, I sat down to talk to investor Dave McClure about the strategy and vision behind the early stage seed fund and accelerator program, which he hopes will eventually encompass 500 actual startups (currently the portfolio is at around 110).
In the interview McClure talks about the perfect formula for a startup (hacker + hustler + designer) and why the three Ds… → Read More
Earlier this week 500 Startups announced the creation of The d.fund, a designer-centric fund with the aim of increasing the number of startups co-founded by people who have design experience. As quite a few startups like Tumblr, YouTube, Android and Flickr have achieved success because of their designer founders, d.fund founder and 500 Startups designer Enrique Allen wants to foster a community… → Read More
There are a number of websites out there that allow you to search for and discover internships. Internships.com, which Charlie Sheen recently used to hire a social media intern, is probably the biggest and most well known of the bunch. But, as anyone who’s used these sites knows, the experience is far from perfect. And the same can be said of job search sites like Indeed.
500 Startups first Demo Day sprint is over and people are trickling out their rankings lists of the 23 startups, or “little monsters” as co-founder Dave McClure calls them. McClure, with a background in marketing, has a unique curator’s eye, and his first batch of companies are an interesting brood, to say the least.
Companies that are part of the 500 Startups accelerator program get a 50K… → Read More
It was another fast-paced day at 500 Startups’ open house in Mountain View today, as Dave McClure and company officially introduced the world to its first batch of killer startups. One of the many stellar demos came from Ninua, a startup that is building social apps around news, blogs, and social media.
Dave McClure’s seed fund, accelerator, and incubator, 500 Startups, held an open house in Mountain View today to officially introduce the world to its first batch of companies. The group of mostly consumer-focused startups (not much advertising to be found) at Demo Day put forth quite a few interesting ideas and business models. We’ll be posting a roundup of the best startups (with interviews)… → Read More
Zachary Allia is just 26 years old. He’s either really lucky, is a negotiating savant or a combination of both. Back in 2007 when Facebook first opened their platform, Allia and a graphic designer pal came up with the Free Gifts app– mostly because he was a poor college kid and paying $1 to send someone a picture of a cake seemed exorbitant. He launched it and woke up the next morning to find it… → Read More
Dave McClure‘s 500 Startups fund has just made its fourth investment in Asia. Tokyo-based Exchange Corporation, which runs a peer-to-peer lending service called AQUSH in Japan, has raised an undisclosed sum from the Silicon Valley-based fund.
This guest post is by Dave McClure, founder of 500 Startups and GeeksOnaPlane.
As we wrap up our GeeksOnaPlane video series for TechCrunch TV, I thought I’d offer a perspective on Asia from the eyes of a Silicon Valley geek and investor (not to mention the father of two Japanese-American kids).
I am extremely optimistic about tech entrepreneurship around the world, and in particular in the… → Read More
Last April, adventure travel marketplace EkoVenture, relaunched as Zozi, with a focus on a local activities instead of exotic travel. Shifting the focus to promoting deals on local activities such as kayaking in San Francisco Bay, cocktail classes in Atlanta, or floating down the Delaware river in an innertube is aimed at reaching a broader class of consumers.
The company just closed a $3 million… → Read More
Yesterday, the man filed for the fund with the SEC, providing us with more details (hat tip to FormDs.com). The name will be 500 Startups – McClure has long called himself the master of 500 hats – and the initial fund will amount to max. $30 million according to the … → Read More