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
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
Prashant Gulati says that TechCrunch should be banned in the Middle East. That’s not because he isn’t a big fan of the site, but because he says it “puts some naïve and green young ones at a disadvantage”. The Dubai-based technologist and angel investor funded a startup recently. Soon after he made the investment, he learned that the majority of the money had been withdrawn from the bank. → 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.
One of the most interesting discussions at TechCrunch’s Disrupt conference was the debate between the “super angels” and VCs. No, I’m not referring to “AngelGate” or the question of which investor group squeezes entrepreneurs the most. Despite what they say, all investors are in the game for personal financial gain; it’s not about nurturing entrepreneurs or doing good for the world. → Read More
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
On the surface, it seemed like the situation that has come to be known as AngelGate was dying down. Since we broke the news about the secret meetings between angel investors where they supposedly agree to agree on things, a lot has been said on both sides. Mike said what he knew, and one of the angel investors present at the meeting he crashed, Dave McClure, came out in opposition to the… → Read More
Earlier this month, we gave you a first look at Geeks On A Plane’s recent tour through Asia. Led by super angel investor Dave McClure, roughly 55 entrepreneurs and investors traveled to Asia’s top markets, including Shanghai, Seoul, Beijing and Singapore, to get a better understanding of the booming region, connect with their local counterparts and sample the rich culture and history on… → Read More
We’ve come to the last installment of the Super Angel v. VC SMACKDOWN and we’ve saved the wonkiest, nerdiest topic for last: Should entrepreneurs swap investor cash for convertible debt or equity?
Somehow, this is the topic that generates the most passion. If you don’t understand the basics, August Capital’s David Hornik– a former lawyer– breaks them down: “It’s about price and control.” Angels… → Read More
Ding, ding! It’s round four of our Super Angel v. VC SMACKDOWN. Both of our pugilist Davids live and work in Silicon Valley. Given that today’s topic is about whether or not the heft of East Coast Super Angels like Josh Kopelman, Chris Dixon and Fred Wilson is pulling the center of early stage funding gravity away from famed Sand Hill Road, you’d think it’d be nothing but agreement. “Oh, no… → Read More
The market for web-based translations is estimated to be worth around $3 billion currently, and big markets tend to attract investors. One of the newer companies in that area, Tokyo-based myGengo (which we previously profiled as “Mechanical Turk for translation”), just raised a $750,000 seed round from some high-profile backers. → Read More
In part three of our Super Angel v. VC SMACKDOWN Dave McClure says “I am all about the flip. GREED IS GOOD. I am Gordon Gekko in Silicon Valley.” But is he? Wouldn’t greed be going after the big win not the tiny flip?
In this clip we come to one of the core distinctions between Super Angels and VCs: Are sub-$50 million exits the desired goal in Silicon Valley or are small acquisitions what you… → Read More
So let me get this straight, you call yourself an angel, but you’re investing limited partners’ money…doesn’t that just make you a small, early-stage VC? And if you’re successful, don’t you just raise a bigger fund and hire more partners, looking a lot more like an early stage VC?
In day two of our David v. David/ Super Angel v. VC SMACKDOWN, even Dave McClure admits “Super Angel” is a flawed… → Read More
Stealth Mode Watch, a searchable data spider of often very revealing SEC form D filings, is the brain child of Denis Papathanasiou, who came up with the idea while researching funding options (a.k.a spying) for his ebooks startup Fifobooks, “I was just using it to keep tabs on specific investors and other competitors in the ebook space, but I mentioned it to a few people, and they were interested… → Read More
For some in Silicon Valley, Asia remains an alluring black box. A promising world with pockets of hyper growth, obscured by a tangled web of unfamiliar languages, customs, regulations and native ecosystems. Although the walls are coming down fast, the road to Asia’s markets remains an intimidating one for many.
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
Angel investor, Dave McClure, kicked up some dust this month with his post, “Check-Ins Are Coupons. Game Mechanics Are Bullshit.” His thesis: location based services (LBS) will have to offer real economic incentives if they ever hope to be a mainstream success. Foursquare, with some one million users, is signing up 10,000 to 20,000 new members each day— not too shabby, but it’s certainly no… → Read More
Every so often, venture capitalist Larry Cheng puts out a list of the top VC blogs. Previously, he ranked the blogs by how many subscribers they have on Google Reader. But now he’s changed his methodology and is ranking them by average monthly unique visitors, based on Compete data. He just came out with his new global ranking for the fourth quarter of 2009. Below are the top ten blogs from… → Read More
Dave McClure has been geeking out in Silicon Valley for almost twenty years as a software developer, entrepreneur, startup advisor, angel investor, blogger, and internet marketing nerd. He currently runs a seed-stage investment program for Founders Fund. He is an advisor or investor for several companies including Mint, RichRelevance, Simply Hired, SlideShare and Twilio, among others. He’s also… → Read More