500 Startups Investor Profile
500 Startups is an Accelerator based in San Francisco, CA, USA.
Started in 2010 with its flagship early-stage startup accelerator, 500 Startups is the most active global venture capital firm known for its various funds and founder programs across the globe. The firm has grown to a family of over 23 funds and has invested in over 2400 companies internationally.
More information about 500 Startups can be found on its web site
500 Startups is an early-stage venture fund and seed accelerator founded in 2010 by Dave McClure and Christine Tsai. The fund admitted a first "class" of twelve startups to its incubator office in Mountain View, California in February, 2011. They expanded to a second class of 21 in June 2011 and a third class of 34 in October 2011.
In 2012, 500 Startups 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. 500 Startups LATAM is directed by Santiago Zavala and have startups like Platzi in its portafolio.
As of August 1, 2015, 500 Startups had invested in over 1,200 companies including Eat App, IDreamBooks, Little Eye Labs, myGengo, Cucumbertown, Visual.ly, Canva, Udemy, RidePal. 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. Some of the firm's active companies are Credit Karma, Twilio, GrabTaxi, and Talkdesk, The exits include $403M acquisition of MakerBot by Stratasys, $350M acquisition of Wildfire by Google, $200M acquisition of Viki by Rakuten, and $117M acquisition of Simple by BBVA.500 Startups has locations in San Francisco, Mexico City, Miami, Dubai, Bahrain, Istanbul, Seoul, Singapore, Bangkok, Ho Chi Minh City, and Kuala Lumpur. In 2015, they announced they would be starting a three-month growth program in London, UK as well as a pre-accelerator in Oslo, Norway.
In July 2017, co-founder Dave McClure resigned as general partner of all funds and entities managed by 500 Startups amid allegations of sexual harassment. In March 2018, 500 Startups announced that it chose Downtown Miami as its first East Coast U.S. outpost.
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