Jan 16, 2019 On Our Blog

500 Startups: 2018 by the Numbers

2018 was a busy year for 500. I’m proud of what our team has accomplished over the past 365 days and am excited to share some of our 2018 highlights. 500’s mission is to discover and back the world’s most talented entrepreneurs, help them create successful companies at scale, and build thriving global ecosystems. It has been inspiring to see this mission in full force as we work with incredible founders around the world.   2018 By The Numbers1 We added 155 new companies to the 500 portfolio, bringing our total portfolio count to 2,210 companies and over 5,000 founders. 7 of our portfolio companies joined the Unicorn Club in addition to our existing unicorns Twilio, SendGrid, and Credit Karma …


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Apr 3, 2018 On Our Blog

500 Closes Strategic Investment with ADFG

500’s mission is an ambitious one. To discover and back the world’s most talented entrepreneurs, create successful companies at scale, and build thriving global ecosystems. Over the past eight years, 500 has accomplished a great deal. Today we manage over $400 million in committed capital and have invested in over 2,000 companies across more than 60 countries around the world, as well as mentored and coached thousands of founders through our Seed and Series A Programs. Notable 500 family include Twilio (NYSE: TWLO), SendGrid (NASDAQ: SEND), Credit Karma, Canva, Grab, Carousell, Udemy, and Talkdesk. In the early days, many wondered why we were so bullish on going global and investing outside of Silicon Valley. As the world gets smaller, and …


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Mar 8, 2018 On Our Blog

500’s Commitment to #MovingForward

Today, we have committed to join Cheryl Yeoh Sew Hoy and Andy Coravos in their mission to launch a collective step forward for the VC industry. #MovingForward, which was birthed at a dinner for founders, is an open source directory that pools diversity, inclusion and anti-harassment commitments from VCs. It is especially meaningful that this initiative launches on International Women’s Day – a day to celebrate the social, economic, cultural and political achievement of women. A recent report by the World Economic Forum found gender parity is over 200 years away. While these findings seem overwhelming, we believe that as more people commit to change now, we will move the needle together. We are honored to pledge our commitment to …


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Jun 30, 2017 On Our Blog

Making Changes at 500

“Be the change you wish to see in the world.” This is the advice I give to people whenever they ask for it. It’s aspirational, which means it is a lot easier said than done. As I write this post, I’m reminded even more of it. In recent months, we found out that my co-founder Dave McClure had inappropriate interactions with women in the tech community. His behavior was unacceptable and not reflective of 500’s culture and values. I sincerely apologize for the choices he made and the pain and stress they’ve caused people. But apologies aren’t enough without meaningful actions and change. Because of this, we made the decision a few months ago to change the leadership structure at …


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Mar 23, 2017 On Our Blog

#500FAMILY

Recently, a 500 colleague posted this on social media: “Diversity and equality is NOT about women who succeed because they sacrifice everything else so they “have nothing else to do but work”. It’s about EVERYONE stepping up to the plate and pitching in. So we as a society don’t ever have to choose life OR work, but rather being able to do both well.” This colleague isn’t a parent, nor is he planning to have kids anytime soon. Yet he still felt adamantly about the importance of gender parity and acknowledging that it’s everyone’s responsibility. Breaking down barriers is tough. Many companies make the mistake of dismissing diversity early on, only to realize later how foundational it is to their …


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