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500 Startups Management Company, L.L.C.
Company typeVenture capital firm
Headquarters
Mountain View, California
Number of locations
Global
Key people
Dave McClure
Website500.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]

History

As of August 1, 2015, 500 Startups had invested in over 1,200 companies including Eat App[8] IDreamBooks, Little Eye Labs, myGengo, Cucumbertown,[9] Visual.ly, Canva,[10][11] Udemy,[12] RidePal.[13][14] As of August 2015, more than 20% of the companies had participated in other incubators, 20-30% were international, and over 60 had been acquired.[15]

Some of firm's active companies are CreditKarma,[14] Twilio,[14] GrabTaxi,[14] and TalkDesk,[16] The exits include $403M acquisition of Makerbot by Stratasys,[17] $350M acquisition of Wildfire by Google,[18] $200M acquisition of Viki by Rakuten,[19] and $117M acquisition of Simple by BBVA.[20]

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.[21] 500 Startups has locations in Silicon Valley, Mexico City, Israel and San Francisco.[22] In 2015, they announced they would be starting a three-month growth program in London, UK[23] as well as a pre-accelerator in Oslo, Norway.[24] In March 2018, 500 Startups announced that it chose Downtown Miami as its first East Coast U.S. outpost.[25]

References

  1. ^ Matt Rosoff (February 10, 2011). "Super Angel Dave McClure Launches Incubator Program, Dismisses "Bubble" Talk". Business Insider.
  2. ^ Jenna Wortham (June 2, 2015). "What Silicon Valley Can Learn From Seoul". New York Times.
  3. ^ "Team". 500 Startups. Retrieved 2015-11-23.
  4. ^ Rosoff, Matt (February 11, 2011). "Exclusive: The Controversial Dave McClure Tells All". Business Insider.
  5. ^ Tsotsis, Alexia (June 9, 2011). "500 Startups Unveils 2nd Batch: 21 Startups". TechCrunch.
  6. ^ Ha, Anthony (June 9, 2011). "500 Startups accelerates 21 new companies". Venture Beat.
  7. ^ Lawler, Ryan (January 25, 2012). "The best and brightest from 500 Startups' third demo day". GigaOM.
  8. ^ http://www.menabytes.com/doha-dojo-first-batch-startups/
  9. ^ B Pradeep Nair. "Recipe to bring cooks and foodies together". The Times of India.
  10. ^ "Canva Investors".
  11. ^ "Canva Raises $3 million".
  12. ^ Toto, Serkan, "MyGengo Is Mechanical Turk For Translations". The Washington Post. 2010-01-11
  13. ^ Perez, Sarah. RidePal, The “Google Bus For The Rest Of Us,” Scores $500K From 500 Startups & Others, TechCrunch. September 10th, 2012
  14. ^ a b c d "Startups". 500 Startups. Retrieved 2015-11-23.
  15. ^ Empson, Rip (April 6, 2012). "500 Startups Raising New $50M Fund, Names 4 New Partners, With 250+ Investments To Date". TechCrunch.
  16. ^ https://www.crunchbase.com/organization/vonjour-com
  17. ^ Etherington, Darrell. "Stratasys Acquiring MakerBot In $403M Deal, Combined Company Will Likely Dominate 3D Printing Industry". TechCrunch. Retrieved 2015-11-23.
  18. ^ Constine, Josh. "Google Acquires Wildfire, Will Now Sell Facebook And Twitter Marketing Services [Update: $350M Price]". TechCrunch. Retrieved 2015-11-23.
  19. ^ "Exclusive: Japan's Rakuten Acquires Viki Video Site for $200 Million". AllThingsD. Retrieved 2015-11-23.
  20. ^ Etherington, Darrell. "Banking Startup Simple Acquired For $117M, Will Continue To Operate Separately". TechCrunch. Retrieved 2015-11-23.
  21. ^ Source:Alta Ventures Mexico Raises $70M First Fund, Draws Support from 500 Startups
  22. ^ "500 startups". 500 startups. Retrieved 16 Aug 2015.
  23. ^ O'Hear, Steve. "500 Startups Arrives In London With "Distro Dojo", A Three-Month Growth Program For Post-Seed Startups". Techcrunch. Retrieved 16 Aug 2015.
  24. ^ Murray, Neil. "Doubling down on Europe: after 'Distro Dojo' in London, 500 Startups launches a 'pre-accelerator' in Oslo". Tech.eu. Retrieved 16 Aug 2015.
  25. ^ "Downtown Miami's newest resident: A $400 million dollar Silicon Valley fund". miamiherald. Retrieved 2018-06-02.
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