At 500 Startups’ 5th Demo Day, 32 Startups Make Their Dave McClure-Endorsed Debut
COLLEEN TAYLORposted yesterday29 Comments
It’s demo day time once again for 500 Startups, the early stage venture capital fund and startup accelerator headed up by Silicon Valley’s favorite foul-mouthed investor, techie, and man about town Dave McClure.
We’re here in a packed room at Microsoft’s Mountain View headquarters, where 32 new startups are set to show off the products they’ve worked on over the past four months as the fifth batch of companies in 500 Startups’ Accelerator program, where they’ve received intensive mentorship and $250,000 in seed funding. Also on hand to make presentations are Dave Goldberg of SurveyMonkey and Naval Ravikant of AngelList.
500 Startups has grown a lot in the few years since it was first founded back in 2010. The firm now has a full team of partners who oversee some $50 million in investment funds, with 450 global portfolio companies and more than 1,000 entrepreneurs as part of its globe-spanning tribe.