GrabTaxi, part of the 500 Startups portfolio, is a leading taxi hailing app covering Southeast Asia, and recently closed the highest raise for any startup in the region with their $250 million round from SoftBank. Impressively, less than half of GrabTaxi’s app installs have come from direct paid acquisition, and they don’t run ads for driver acquisition. How, then, has GrabTaxi managed to grow to over 60K drivers on its network, 3 million app downloads, and over 500k monthly active users? I recently talked to GrabTaxi to find out.
At 500, we’ve been building a strong and vibrant community of female founders. Diversity is in our DNA and its at the core of what we do. When it comes to women, leveling the playing field is something we’re really passionate about. In the last 4 years, we’ve backed 200+ female-led companies like Wildfire, SlideShare, Viki, Moonfruit, TheRealReal, Homejoy, Tradesy, BarkBox and ipsy.
CEREBRO means “brain” in Spanish. At 500, it was the code name for a training and execution program in online distribution and marketing for 4 startups that have raised VC money and are ready to grow faster. Cerebro's big picture goal was to do a "brain transplant" from a world-class Growth Hacker to Startup Team. In this post, Juan Martitegui shares the 7 key lessons learned from working with four of Southeast Asia's top emerging teams.
We know it’s sexy to talk about features and fundraising. But cool features, and even a round in the bank, won’t a business make. Great companies find a way — ideally multiple optimized ways — to acquire, activate and retain customers. We’re the 500 Distribution Team, and 2015 is the year of Distro EVERYWHERE.
In the past 12 months we have invested in ~300+ companies, opened up a new office in San Francisco and continued to grow our family internationally. 500 now has a presence in 10 countries, and we have invested in over 50 countries globally. Our team collectively speaks over 20 languages, and 1/3 of us weren't born in the US -- our goal is to reflect the diversity of our global portfolio. 안녕하세요! Olá! नमस्कार!
Instead of another list of doomed goals about weight loss and iPhone use… the 500 Startups Distribution team is officially making this a DISTRO NEW YEAR. Here are 7 growth resolutions for 2015 we’d like to see more early stage founders take on.
The 500 Global Startup Series brings insights from new tech regions and puts a spotlight on talented entrepreneurs in every corner of the world. We’re kicking off a 7 part series and beginning with a comprehensive look into the tech landscape of the Middle East & North Africa region (MENA). Over the next few months, we’ll also explore different regions (where 500 is investing) and discuss the successes and challenges that investors and founders face in 2015 and beyond.
Fundraising in 2015? Many of the companies we observe approach seed fundraising thinking they want to raise $1M or $1.5M...but a $1M raise is an arbitrary number that most founders think they want to raise. Raising an arbitrary amount of money for their seed is one of the most common mistakes a founder can make -- it also happens to be one of the deadliest. Here's how you should be thinking about fundraising in the coming quarter and year.