500 Startups

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
Istanbul, Turkey
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]

History

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] Contactually,[14] Safe Shepherd,[15] idreambooks, Fileboard, Kraftly[16] myGengo, ChinaNetCloud,[17] Cucumbertown[18] Visual.ly, E la Carte, Canva,[19][20] Cleanify,[21][22] Udemy,[23][24][25][26] 24/7 Techies,[27][28][29] ZipMatch,[30][31] RidePal,[32] and Headout.[33] Of current investments, more than 20% have participated in other incubators, 20-30% are international, and over 60 have been acquired.[34] Some of their successful active companies are CreditKarma,[35] ViralGains,[35] RapidAPI[36] Twilio,[35] GrabTaxi,[35] TalkDesk,[37] and Intercom.io.[35] To date, their biggest exits include $403M acquisition of Makerbot by Stratasys,[38] $350M acquisition of Wildfire by Google,[39] $200M acquisition of Viki by Rakuten,[40] and $117M acquisition of Simple by BBVA.[41]

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.[42]

500 Startups has locations in Silicon Valley, Mexico City, Israel and San Francisco.[43] In 2015, they announced they would be starting a three-month growth program in London, UK[44] as well as a pre-accelerator in Oslo, Norway.[45]

Regional and Vertical Focused Funds

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

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. ↑ "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. ↑ Tsotsis, Alexia. "CrowdRally, Punchd And Rewardli Raise A Combined $150K At 500 Startups Demo Day". TechCrunch. Retrieved 2015-10-30.
  12. ↑ "What Is Console.fm? Pandora Meets Turntable.fm's Coding Soundtrack Room". Observer. Retrieved 2015-10-30.
  13. ↑ TechCrunch, Kyle Russell. "500 Startups Accelerator Announces Its Thirteenth Batch Of Companies".
  14. ↑ "Contactually". DMVStartup. Retrieved 2016-07-06.
  15. ↑ Gruber, Frank. "500 STARTUPS UNVEILS LATEST CLASS OF 34 STARTUPS". Tech Cocktail, LLC. Retrieved 27 September 2013.
  16. ↑ "BigFoot Retail Solutions gets Rs 13.5 crore more in Series-B funding" Economic Times
  17. ↑ "Dave McClures first investment in China: ChinaNetCloud".
  18. ↑ B Pradeep Nair. "Recipe to bring cooks and foodies together". The Times of India.
  19. ↑ "Canva Investors".
  20. ↑ "Canva Raises $3 million".
  21. ↑ "Cleanify". 500 Startups. Retrieved 2016-01-29.
  22. ↑ Lawler, Ryan; Contributor. "500 Startups-Backed Cleanify Wants To Be Expedia For The Cleaning Industry". TechCrunch. Retrieved 2016-01-29.
  23. ↑ Toto, Serkan, "MyGengo Is Mechanical Turk For Translations". The Washington Post. 2010-01-11
  24. ↑ Shontell, Alyson, "After Bootstrapping For A Year, Monthly Art Rental Startup Artsicle Raises $390,000 Seed Round". Business Insider. 2011-11-02
  25. ↑ Ha, Anthony and Lynley, Matthew, "The coolest companies from Dave McClure’s 500Startups". VentureBeat. 2011-04-06
  26. ↑ Toto, Serkan,"Udemy Scores $1M In Seed Funding, Aims To Democratize Online Learning". TechCrunch. 2010-08-31
  27. ↑ 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
  28. ↑ 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
  29. ↑ "24/7 Techies Profile on 500Startups" 500.co
  30. ↑ Huang, Elaine "ZipMatch secures funds to scale real estate marketplace business" e27.co February 28th, 2014
  31. ↑ Magdirila, Phoebe, "Philippine real estate marketplace can afford a bigger apartment with latest funding round" techinasia.com Feb 27th, 2014
  32. ↑ Perez, Sarah. RidePal, The “Google Bus For The Rest Of Us,” Scores $500K From 500 Startups & Others, TechCrunch. September 10th, 2012
  33. ↑ Perez, Sarah. "Headout Raises $1.8 Million For Its Travel App That Puts A Concierge In Your Pocket". TechCrunch. Retrieved 2016-07-27.
  34. ↑ Empson, Rip (April 6, 2012). "500 Startups Raising New $50M Fund, Names 4 New Partners, With 250+ Investments To Date". TechCrunch.
  35. 1 2 3 4 5 "Startups". 500 Startups. Retrieved 2015-11-23.
  36. ↑ "Announcing Batch 16 — 500's Largest Cohort EVARRRRR!".
  37. ↑ https://www.crunchbase.com/organization/vonjour-com
  38. ↑ Etherington, Darrell. "Stratasys Acquiring MakerBot In $403M Deal, Combined Company Will Likely Dominate 3D Printing Industry". TechCrunch. Retrieved 2015-11-23.
  39. ↑ Constine, Josh. "Google Acquires Wildfire, Will Now Sell Facebook And Twitter Marketing Services [Update: $350M Price]". TechCrunch. Retrieved 2015-11-23.
  40. ↑ "Exclusive: Japan's Rakuten Acquires Viki Video Site for $200 Million". AllThingsD. Retrieved 2015-11-23.
  41. ↑ Etherington, Darrell. "Banking Startup Simple Acquired For $117M, Will Continue To Operate Separately". TechCrunch. Retrieved 2015-11-23.
  42. ↑ Source:Alta Ventures Mexico Raises $70M First Fund, Draws Support from 500 Startups
  43. ↑ "500 startups". 500 startups. Retrieved 16 Aug 2015.
  44. ↑ 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.
  45. ↑ 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.
  46. ↑ "Did 500 Startups' fund for Southeast Asia receive a $7m boost?". Tech in Asia. Retrieved 2015-11-23.
  47. ↑ "500 Startups appoints SEA Venture Partner to oversee US$10M fund". e27. Retrieved 2015-11-23.
  48. ↑ Lawler, Ryan. "500 Startups Launches $10M Mobile Collective Fund, Hires Ex-Dolphin Browser Exec Edith Yeung To Run It". TechCrunch. Retrieved 2015-11-23.
  49. ↑ Shu, Catherine. "500 Startups Launches A $15M Korea-Focused Fund Called 500 Kimchi". TechCrunch. Retrieved 2015-11-23.
  50. ↑ "500 스타트업, 164억 규모의 '500 김치 스타트업 펀드' 장전 완료". beSUCCESS. Retrieved 2015-11-23.
  51. ↑ "500 Startups launches $15 million fund for the Nordics". Tech.eu. Retrieved 2015-11-23.
  52. ↑ Russell, Jon. "500 Startups Is Raising A $10M Fund In Thailand To Increase Its Focus On Asia". TechCrunch. Retrieved 2015-11-23.
  53. ↑ "Disclosure Form". Disclosurequest. July 21, 2016.
  54. ↑ "Rina Onur". Retrieved 2016-09-07.
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