We’re in Mountain View at Dave McClure’s 500 Startups HQ where the second-ever 500 Startups Demo Day is about to start. Today, 31 startups will present to press and investors here in McClure’s bright and sunny Mountain View office and you can watch them here, live.
McClure’s 500 Startups primarily invests in early stage startups that focus on the “Three Ds,” design, data and distribution. The incubator invests between $25K to $250K in its portfolio companies; startups that are part of the 500 Startups accelerator program get a $50K investment from the fund at a $1 million valuation and can stay in the 500 Startups offices for around four months. Companies that are part of McClure’s seed program receive up to $250K in seed funding.
McClure tells me that 500 Startups is primarily looking for startups that have an easily understandable story. “We definitely aim for monetization but there’s a few that are still working on that,” he says, “Runaway growth and no business model isn’t our thing, we’re far more interested in things that aren’t so sexy but make money.”
All in all, the 500 Startups brood is now comprised of 175 startups, including InDinero, FoodSpotting, Twilio, Wildfire, Send Grid, Zozi, My Gengko, e La Carte, Ginzametrics and 955 Dreams. Thus far, McClure has had four exits: Cardmunch to LinkedIn, BackType to Twitter, Punchd to Google and Backyard to Pixelfish.
McClure tells me that the startups pitching at this Demo Day are unified by a strong international and female founder thread and “attitude” (which is why I cover 500 Startups I guess). He also tells me that he’s looking for new startups starting next week, specifically searching for groups from South America or Brazil. The new brood will start in October.
Livestream above. List of the presenting companies, demo videos and their taglines, below.
ToutApp http://toutapp.com @toutapp
Are you tired of re-writing the same emails over and over? Toutapp helps you send and respond to emails faster with the power of Templates and Email Tracking.
VidCaster http://www.vidcaster.com @vidcaster
VidCaster is an easy way to make a video site on your own domain name.
DailyAisle www.dailyaisle.com @dailyaisle
Daily Aisle is the easiest place to plan and book your wedding (Expedia for Weddings Vendors).
AppGrooves http://appgrooves.com/ @AppGrooves
AppGrooves is a feedback platform for developers to optimize app discoverability.
OVIA http://oviahr.com/ @teamovia
OVIA is a video interviewing platform that allows companies to screen people not resumes.
Skipola http://skipola.com @theskipola
Skipola saves restaurants money on online ordering fees by providing them with the tools to distribute their own white-label mobile apps.
Tinfoil Security http://tinfoilsecurity.com @tinfoilsecurity
Tinfoil is the simplest way to protect your website from outside hackers.
Culture Kitchen http://www.culturekitchensf.com @culturekitchsf
Ethnic cooking classes taught by the grandmas you wish you had.
DailyGobble http://www.dailygobble.com @dailygobble
DailyGobble powers 1-to-1 marketing and yield management for restaurants.
Volta http://getvolta.com @getvolta
Volta is a cross-device, always-in-sync, call queue management solution for businesses.
Appetizer makes it dead simple for small businesses to engage their customers with a useful mobile app.
ManPacks http://manpacks.com @manpacks
Manpacks makes purchasing men’s essentials like underwear, socks, shirts, shaving products and condoms simple, fast, and fun.
Cardinal Blue http://cardinalblue.com @PicCollage
Cardinal Blue makes Pic Collage, a Top 10 Photo App for the iPad and iPhone.
CraftCoffee http://craftcoffee.com @craftcoffeeco
Craft Coffee is a monthly subscription service for amazing coffee experiences.