Because I’m so clearly ready to settle down and have a family, I am at the first ever 500Startups Mamabear Family conference in Mountain View today, watching a group of talks from family-oriented startups and people who have experience with family oriented startups — like Wittlebee’s Sean Percival and mama-entrepreneur Randi Zuckerberg.
Yesterday I was totally ready to remove my uterus, but today my biological clock is all “Ring the alarm!” now that I know that the mom space = major moola (that sounds really gross actually, sorry). If you too are itching to go beyond the social photo sharing black hole and build something useful for families and chillens, watch the Livestream above for tips and tricks. → Read More
Google joins Internet biggies Twitter (T.Co) , Overstock (O.co) and Amazon (A.Co, Z.Co and K.Co) today in taking over the G.Co domain name, buying the TLD in order to build the official URL shortcut for Google products like GMail, Documents and Photos. While representatives from the .Co registry wouldn’t comment on the specific pricing of the deal, .Co-founder Juan Diego Calle recently told Reuters that in general single letter domains costs more than $1.5 million.
Google says it will use the domain in order to create a shortcut for all its products and services using the format g.co/[XYZproduct/service] and that the domain will be live sometime later in the afternoon today. ”You can visit a G.CO shortcut confident you will always end up at a page for a Google product or service,” said Google VP of consumer marketing Gary Briggs in a release. → Read More
Over the last five years, I have taught more than 300 really smart students. One of the smartest, at the Masters of Engineering Management at Duke University, was Viva Leigh Miller, a black woman. She had the ambition of moving to Silicon Valley after she graduated last year. I expected she would become a hotshot CEO.
But Viva couldn’t get a job in the Valley—despite introductions that I gave her to leading venture capitalists. I have never understood why. During my tech days, I would have hired Viva in a heartbeat. She had the determination, drive, and education that all tech companies look for.
It raised a red flag in my mind.
You can’t take one anecdote and extrapolate from that. It could just be that Viva didn’t connect with the right companies at the right time.
But the harsh reality is that there is a dearth of women in tech. Just look around Silicon Valley—you don’t see many blacks there, or Hispanics either. Until recently, I didn’t know of even one black woman CEO (though I had heard a rumor that one or two existed). Yes, I know that few women and members of ethnic minorities study engineering; that some women can’t deal with the stress and just want to raise children; and that this is not Mike Arrington’s fault. It is noteworthy that blacks and Hispanics constitute only 1.5% and 4.7% respectively of the Valley’s tech population—well below national tech-population averages of 7.1% and 5.3%. → Read More
Six months ago 500 Startups, the angel fund headed by Dave McClure, started investing in dozens of startups — they’re now up to around 90 investments. And today the fund is announcing an incubator program similar in many ways to Y Combinator, TechStars, and the numerous other programs that have popped up to support fledgling tech startups.
As with these other programs, 500 Startups is giving each company some seed funding and access to a roster of mentors, in exchange for a chunk of equity. McClure says that in general these startups are receiving between $25k-100k for 5% of equity, with the median around $50k (this is more than Y Combinator, though 500 Startups doesn’t have the sweet $150k Start Fund deal). The program lasts for 3-6 months depending on how long each company wants to stay, and McClure says they’ll probably run three batches this year, each with its own Demo Day to showcase the startups to investors, the first of which will be in early April. → Read More
In January, we broke the news that prolific Silicon Valley angel investor Dave McClure was to set up his own venture capital fund.
About a month ago, he formally filed for the ($30 million) seed fund and incubator, naming it 500 Startups.
McClure has now made his first hire for the investment firm, attracting former YouTube and Google product manager Christine Tsai to serve as Principal. → Read More
In January, we broke the news that prolific Silicon Valley angel investor Dave McClure was to set up its own venture capital fund.
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 filing. → Read More
San Francisco, CA
