500 Startups

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500 Startups
Venture capital firm
Headquarters Mountain View, California
Number of locations
 Mountain View, CA, USA
San Francisco, CA, USA
London, UK
Seoul, S. Korea
Kuala Lumpur, Malaysia
Key people
 Dave McClure (Founding Partner)
Christine Tsai (Founding Partner)
Khailee Ng (Managing Partner)
Bedy Yang (Managing Partner)
Website 500.co

500 Startups is an early-stage venture fund and seed accelerator founded by Dave McClure[1][2] and Christine Tsai in 2010.[3][4] The fund admitted a first "class" of twelve startups to its incubator office in Mountain View, California in February, 2011.[5] They expanded to a second class of 21 in June 2011 and a third class of 34 in October 2011.[6][7]

As of August 1, 2015, 500 Startups had invested in over 1,200 companies including Tripoto,[8] [9][10] Punchd,[11] Console.FM,[12] CoContest,[13] Safe Shepherd,[14] Markerly, idreambooks, Fileboard, myGengo, Artsicle, ChinaNetCloud,[15] Cucumbertown[16] Visual.ly, E la Carte, Canva,[17][18] Cleanify,[19][20] Udemy,[21][22][23][24] 24/7 Techies.[25][26][27] ZipMatch,[28][29] and RidePal.[30] Of current investments, more than 20% have participated in other incubators, 20-30% are international, and over 60 have been acquired.[31] Some of their successful active companies are CreditKarma,[32] RapidAPI[33] Twilio,[32] GrabTaxi,[32] TalkDesk, [34]Vonjour[32] and Intercom.io.[32] To date, their biggest exits include $403M acquisition of Makerbot by Stratasys,[35] $350M acquisition of Wildfire by Google,[36] $200M acquisition of Viki by Rakuten,[37] and $117M acquisition of Simple by BBVA.[38]

In 2012, the organization acquired Mexican.VC, an accelerator in Mexico City, expecting to ramp up its investment in Mexico substantially. Through its investment in Alta Ventures, 500 Startups planned have better access to deal-flow in this region.[39]

500 Startups has locations in Silicon Valley, Mexico City and San Francisco.[40] In 2015, they announced they would be starting a three month growth program in London, UK[41] as well as a pre-accelerator in Oslo, Norway.[42]

Regional and Vertical Focused Funds

500 Startups has several funds focused on different international regions or operational verticals.

References

  1. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ Lua error in package.lua at line 80: module 'strict' not found.
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  5. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  8. ↑ "500 Startups among investors in Tripoto, a community for travel stories and itineraries ", Techinasia, Oct 12, 2015
  9. ↑ "Tripoto Raises Funding from 500 Startups, IDG ventures and Others", IamWire, Oct 12, 2015
  10. ↑ Kolodny, Lara (June 27, 2013). Dave McClure Hits 500. The Wall Street Journal.
  11. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  12. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  13. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  14. ↑ Lua error in package.lua at line 80: module 'strict' not found.
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  16. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  17. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  18. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  19. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  20. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  21. ↑ Toto, Serkan, "MyGengo Is Mechanical Turk For Translations". The Washington Post. 2010-01-11
  22. ↑ Shontell, Alyson, "After Bootstrapping For A Year, Monthly Art Rental Startup Artsicle Raises $390,000 Seed Round". Business Insider. 2011-11-02
  23. ↑ Ha, Anthony and Lynley, Matthew, "The coolest companies from Dave McClure’s 500Startups". VentureBeat. 2011-04-06
  24. ↑ Toto, Serkan,"Udemy Scores $1M In Seed Funding, Aims To Democratize Online Learning". TechCrunch. 2010-08-31
  25. ↑ Lomas, Natasha, "Remote Tech Support Firm, 24/7 Techies, Raises $600k Seed Round — Led By 500 Startups — To Ramp Up SMB Business". techcrunch.com. November 5th, 2012
  26. ↑ Ken, Yeung, "24/7 Techies nabs $600k from 500 Startups and others to be the IT solution for small businesses". thenextweb.com 5 November 2012
  27. ↑ "24/7 Techies Profile on 500Startups" 500.co
  28. ↑ Huang, Elaine "ZipMatch secures funds to scale real estate marketplace business" e27.co February 28th, 2014
  29. ↑ Magdirila, Phoebe, "Philippine real estate marketplace can afford a bigger apartment with latest funding round" techinasia.com Feb 27th, 2014
  30. ↑ Perez, Sarah. RidePal, The “Google Bus For The Rest Of Us,” Scores $500K From 500 Startups & Others, TechCrunch. September 10th, 2012
  31. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  32. ↑ 32.0 32.1 32.2 32.3 32.4 Lua error in package.lua at line 80: module 'strict' not found.
  33. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  34. ↑ https://www.crunchbase.com/organization/vonjour-com
  35. ↑ Lua error in package.lua at line 80: module 'strict' not found.
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  37. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  38. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  39. ↑ Source:Alta Ventures Mexico Raises $70M First Fund, Draws Support from 500 Startups
  40. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  41. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  42. ↑ Lua error in package.lua at line 80: module 'strict' not found.
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