Accelerators focused on entrepreneurs from underrepresented groups, such as women and minorities, have begun to spring up across the tech industry. Above, an entrepreneur from the accelerator Startupbootcamp, which this month launched a program in Miami focused on entrepreneurs helping underserved communities with tech healthcare startups.
500 Startups has a thesis of investing in many startups, some that they consider “unsexy,” because they make money (most of the companies in this batch are already doing anywhere between $10k-$100k in revenue) *gasp*, and some that they know might not survive in the real world…but it’s worth giving it a shot.
Dave McClure, founding partner at 500 Startups, jokes that he is a “blood-sucking venture capitalist” and he never looked the part more than Friday.
500 Startups just graduated its fourteenth batch of companies from its accelerator in Mountain View, California. Co-founded in 2010 by investor Dave McClure, 500 Startups counts 3-D printing startup MakerBot, acquired by Stratasys, and social media marketing startup Wildfire, acquired by Google, as some of its most notablegraduates.
At venture firm and startup accelerator program 500 Startups‘ latest Demo Day, 34 early-stage and 9 post-seed companies presented in front of investors for a chance to receive the funding to get them to their next milestone.
500 Startups today presented its 14th batch of companies at the Computer History Museum in Mountain View, California, with a spooky twist.
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