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 |
500 Startups is an early-stage venture fund and seed accelerator founded by Dave McClure and Christine Tsai in 2010. 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.
As of August 1, 2015, 500 Startups had invested in over 1,200 companies including Tripoto,Punchd,Console.FM, CoContest,Contactually,Safe Shepherd,idreambooks, Fileboard, KraftlymyGengo, ChinaNetCloud,CucumbertownVisual.ly, E la Carte, Canva,Cleanify,Udemy,24/7 Techies,ZipMatch,RidePal,,Avanoo, and Headout. Of current investments, more than 20% have participated in other incubators, 20-30% are international, and over 60 have been acquired. Some of their successful active companies are CreditKarma,ViralGains,RapidAPITwilio,GrabTaxi,TalkDesk, and Intercom.io. To date, their biggest 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.