Nov 27, 2019 On Our Blog

Ready to scale in Southeast Asia? Start in Singapore.

While people may think of Singapore as a top startup city, what they may not realize is that this city-state potentially has quite a bit more to offer as a local hub when looking to scale throughout the region. This fall, we kicked off Global Launch, a program aimed at building bridges between Singapore and the Silicon Valley. This two-way program brings Singaporean startups here to San Francisco for targeted immersion and education in the heart of the Silicon Valley, and sends another group of global startups to Singapore as they prepare entry into the Southeast Asian market.  We caught up with a few startups from Batch 1 of the Global Launch – SF Program, who have scaled in Singapore …


PUBLISHED BY
Nov 21, 2019 On Our Blog

Inside Batch 25 at 500 Startups

Guest Post: Rishika Jhamb is the Marketing Lead at Alluva. Under no circumstances should any of the below content be construed as legal, tax or investment advice from 500 Startups or any of its affiliates. Alluva at 500 Startups: What it was really like being a part of Batch 25 In March of 2019, Alluva was accepted into Batch 25 of 500 Startups. As part of the founding team at Alluva, my thoughts ranged from excitement at the incredible learning opportunity to worry about how challenging 500’s batches were rumored to be. The outcome was that it was both – and when you’re at Demo Day, you’re going to be grateful to the part that’s ‘too challenging’. What Alluva is …


PUBLISHED BY
Oct 3, 2019 Founder Stories and Insights

Inside 500: How Their Accelerator Helped Me Grow My Accounting-as-a-Service Company and Raise $2 Million

Felix Rodriguez is the founder and CEO of Back Office, a human-assisted AI platform and bookkeeping service for companies and consultants. In an interview with Nathan Beckord on Foundersuite’s “How I Raised It” podcast he shared how 500 Startups was instrumental in the early growth of BackOffice. Below is an excerpt of his interview.  I believe founders have superpowers. Before I started Back Office, I had built about 10 startups and sold three of them, growing teams that started in my living room to offices of 50 to 75 employees really rapidly.  The idea for Back Office came from a pain point I encountered with each startup: the one thing I hated with each company — and put off doing …


PUBLISHED BY
May 31, 2019 On Our Blog

In-House vs. Outsource: What’s the Best Accounting Strategy for Your Startup?

Guest Post: Justin McLoughlin is the Founder of airCFO. Under no circumstances should any of the below content be construed as legal, tax or investment advice from 500 Startups or any of its affiliates. The early days of any company are all about resource management. Life as a startup is perilous. The companies who survive and thrive are usually the ones who find ways to do more with less. That could mean having employees who pull double duty and fill multiple roles. It may mean working a grueling schedule. It could also mean outsourcing certain key functions. Outsourcing can be a great way for a startup to leverage experienced and skilled talent without breaking the bank. You only pay for …


PUBLISHED BY
May 22, 2019 On Our Blog

Startup Guide: 4 Tax Deductions to Watch for in 2019

Guest Post: Justin McLoughlin, Founder of airCFO. Under no circumstances should any of the below content be construed as legal, tax or investment advice from 500 Startups or any of its affiliates. Taxes. They’re a constant presence for any startup. No matter whether you just started earning revenue or you’re a mature veteran, taxes are an important expense item that can be a drag on your bottom line. An effective tax strategy can make all the difference between success and failure, especially in your early years. Fortunately, there are a number of steps you can take to minimize your tax exposure and reduce their impact on your profitability. Businesses can take advantage of a wide range of deductions. In fact, …


PUBLISHED BY
Jul 9, 2018 On Our Blog

Persistence is Key: Advice from a Former 500 Founder

Hey there, My name is Aaron and I’m a Venture Partner here at 500 Startups. I also run the batch application squad, which is why I’m here to tell you… Applications for Batch 24 in San Francisco are now open! I know what you’re thinking: “we’ve been through this.” You’ve applied before, waited patiently, and you were told something along the lines of “Maybe-next-time.” Maybe this made you upset, or sad, or maybe you swore an oath to do whatever it takes to avenge our response. Look, I get it—putting yourself (and your startup) out there over and over again is friggin’ hard and, as always, there are no guarantees. But before you close this page, let me tell you three …


PUBLISHED BY
Jun 15, 2018 On Our Blog

Investor Spotlight:
Rebecca Woodcock

Rebecca is an Entrepreneur-in-Residence and Venture Partner at 500 Startups. In 2011, she launched a health tech startup called CakeHealth as a TechCrunch DISRUPT finalist to help individuals track their healthcare expenses without the paperwork. After exiting CakeHealth in 2015, she joined 500 Startups to lead health tech investments for the accelerator program in San Francisco.  Rebecca was an advisor to the Obama administration for health data standards and was also recognized as one of 70 Digital Leaders by the United Nations in 2015. She has been featured in publications like Forbes and Inc. Magazine. Why did you join 500? I first joined the 500 family as a founder in 2011, when 500 Startups invested in my company, CakeHealth. I immediately saw how …


PUBLISHED BY
Jun 8, 2018 On Our Blog

Arrogance is Killing Blockchain Companies

The deadliest sin for startups is arrogance. Founders often approach us convinced that they have product market fit, sales forecasts for millions in revenue, “hack proof” systems, and simple plans for hiring hundreds of “top 1%” employees, sometimes without any evidence to back it up. A startup’s survival depends on a founder’s ability to stay humble. That means keeping an open mind, asking the right questions, and verifying the answers until the data — not just blind faith — proves out your hypothesis. Don’t be afraid to seek out help, and even to use creative methods to get what you need. Everyone needs help (including us), and the winners in this game have the courage to ask. Over the last seven …


PUBLISHED BY
Apr 16, 2018 On Our Blog

The New Batch On The Block: 500 Startups Batch 23 Companies

500 Startups is excited to announce our latest batch from our flagship Seed Accelerator, this time welcoming not only a new cohort of 17 companies, but also a Blockchain track! Based out of our San Francisco HQ, Batch 23 will feature three tracks: Digital Health (22%), Blockchain (17%) and FinTech (17%). Accompanying these tracks are B2B, B2C, SaaS, and e-commerce companies, ranging from AI-driven legal services to biodegradable pour-over coffee technology. Our global outlook when discovering and backing talented entrepreneurs has again, helped form a diverse cohort. 50% of the companies are based outside of the United States include founders from countries such as the United Arab Emirates, Turkey, China, Canada, Egypt, South Korea, and Lebanon. 33% are of Asian …


PUBLISHED BY
Dec 21, 2017 On Our Blog

7 Ways SEO Can Get You to a Million+ Monthly Users

Guest Post: Giulio Chiarenza is the co-founder of Equipboard, the world’s largest database of artists and the gear they use. SEO (short for Search Engine Optimization) is a fickle beast. We usually see companies fall into one of two camps; those that think of SEO as a “nice to have” secondary growth channel, and those that rely on it as the primary driver of growth and monetization. Our site Equipboard (batch 8) decidedly falls into the latter, but the journey to SEO competency has been an adventurous one to say the least. We’ve taken our fair share of missteps, and were it not for the SEO gurus we’ve met through 500 and the rest of our network, one of those …


PUBLISHED BY