Dave McClure

  • Unicorns, Banana Suits, and 500 Startups; Just Another Night With Dave McClure

    Unicorns, Banana Suits, and 500 Startups; Just Another Night With Dave McClure

    Editor’s note: Derek Andersen is the founder of Startup Grind, a 20-city event series hosted around the world to help educate, inspire, and connect entrepreneurs. He’s an ex-Electronic Arts employee, as well as the founder of Commonred and Vaporware Labs. Until a few weeks ago I’d never met Dave McClure. Like many of you I have read all about him, casually Twitter… Read More

  • 500 Startups Raising New $50M Fund, Names 4 New Partners, With 250+ Investments To Date

    500 Startups Raising New $50M Fund, Names 4 New Partners, With 250+ Investments To Date

    It’s a big day for 500 Startups — you know, the seed-stage accelerator and capital fund founded by rabble rouser and geek on a plane, Dave McClure. Back in July 2010, McClure filed for the accelerator’s first fund, raising $30 million to begin officially investing in startups under the new venture capital fund. Today, we’ve learned via SEC regulatory filing that round… Read More

  • Dave McClure And Blumberg Capital Drop $1 Million Into mygola For Easy, Personalized Travel Planning

    Dave McClure And Blumberg Capital Drop $1 Million Into mygola For Easy, Personalized Travel Planning

    India and U.S.-based mygola is announcing today that it has received $1 million in seed funding from Dave McClure of 500 Startups, Blumberg Capital, and several other angel investors. With social travel startups popping up every other day, and a bevy of travel resources already firmly planted in a crowded space, what is it about mygola that’s getting McClure and others excited? For… Read More

  • Dave McClure On 500 Startups: "If Sequoia Is The Yankees, We're The Oakland A's"

    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… Read More

  • The Seven Most Interesting Startups At 500 Startups Demo Day (TCTV)

    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… Read More

  • Venture or Angel Capital Isn’t the End—It’s the Means


    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… Read More

  • Founder Buys Free Gifts Back from SGN for Less than 10% of the Purchase Price [TCTV]

    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… Read More

  • Dave McClure's 500 Startups Fund Invests In Tokyo-Based P2P Lending Service AQUSH

    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. Much like Zopa in the UK, AQUSH connects people with extra money with those who want to borrow money. The site allows lenders to set their… Read More

  • Should Entrepreneurs Bet It All On The Billion Dollar Exit, Or Cash Out Small?


    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… Read More

  • Dave McClure's First Investment In China: ChinaNetCloud (TCTV)

    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… Read More

  • Finger-Pointing, Emails, Deleted Tweets, Rage. AngelGate Is Far From Over

    Finger-Pointing, Emails, Deleted Tweets, Rage. AngelGate Is Far From Over

    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