4 min read

Welcome Tony Wang as 500’s New Managing Partner

500 centers itself around supporting bold, innovative founders around the world. As venture dollars increasingly shift towards being deployed outside of the U.S., firms need to be thinking about their strategy to manage the trend towards globalization. 500 began making bets outside of Silicon Valley and outside of the U.S. back in 2010. Today, in 2019, 49% of our overall portfolio hails from outside the U.S. and spans more than 75 countries around the world. 

Earlier this year, I expressed that the 500 of the future is just getting started, and announced Courtney Powell joining as 500’s new COO. I am thrilled to be sharing more good news today and welcome Tony Wang as our new Managing Partner. In this role, Tony will help to lead our global funds strategy, investments, and overall global expansion. I’m thrilled to have Tony on the 500 team, ready to serve our mission and help take 500 to new heights. 

Journey to 500

Tony has spent his career helping early-stage companies scale to become global businesses and beyond. Before Google became the massive global tech company that it is today, Tony was Managing Counsel and part of the executive management team charged with overseeing the Asia Pacific and Latin American regions. During his time there, he contributed to the growth of the regions from zero to over $2B in revenue in less than four years, including setting up Google’s joint venture in China, as well as establishing Google’s APAC headquarters in Singapore.  

Tony then gained experience on the other side of the world when he became VP of Europe for Twitter. Tony joined Twitter when it was fewer than 100 people and helped to develop Twitter’s global business model. Just before joining 500, Tony was the Chief Operating Officer at Color, the leader in digital health applying software and machine learning to deliver precision health to large populations. 

Tony’s work during the growth stages at Google, Twitter and Color, provided him the opportunity to build and manage teams operating in over 30 countries around the world across various sectors such as consumer tech, digital media, mobile, and healthcare. Tony’s experience in scaling teams, international expansion, and innovation made him a stellar choice for 500’s newest family member. 

In Tony’s Words

“The venture capital world is undergoing a dramatic shift towards globalization where 500 Startups has been the leader and investing for the past decade. There’s no question there are talented founders around the world, and I’m excited to join 500’s mission to level the field of opportunity for them. While there’s much more to go, I’ve long admired 500’s commitment to diversity in the founders it backs, the team behind the firm, and the global operating model.”

The Future of 500

Even after investing in over 2,300 companies across more than 75 countries, our work is just getting started. It is exciting and humbling to see how far 500 has come in just 9 years, and the bright journey ahead as we traverse onward and upward to bring capital, expertise, and community to founders everywhere. 

It takes a great team to make that happen, and I’m honored to now have Tony part of this journey. 

ALL NUMBERS ARE BASED ON INTERNAL ESTIMATES AS AT SEPTEMBER 20, 2019 AND HAVE NOT BEEN INDEPENDENTLY VERIFIED. THE TITLE “PARTNER” IS USED IN ACCORDANCE WITH CUSTOMARY BUSINESS PRACTICE IN THE VENTURE CAPITAL INDUSTRY AND DOES NOT INDICATE A LEGAL STATUS AS A “PARTNER”  IN A PARTNERSHIP.

THIS POST IS INTENDED SOLELY TO PROVIDE INFORMATION REGARDING 500 STARTUPS. ALL CONTENT PROVIDED IN THIS POST IS PROVIDED FOR GENERAL INFORMATIONAL OR EDUCATIONAL PURPOSES ONLY. 500 STARTUPS MAKES NO REPRESENTATIONS AS TO THE ACCURACY OR INFORMATION CONTAINED IN THIS POST AND WHILE 500 STARTUPS HAS TAKEN REASONABLE STEPS TO ENSURE THAT THE INFORMATION CONTAINED IN THIS POST IS ACCURATE AND UP-TO-DATE, NO LIABILITY CAN BE ACCEPTED FOR ANY ERROR OR OMISSIONS.

UNDER NO CIRCUMSTANCES SHOULD ANY INFORMATION OR CONTENT IN THIS POST, BE CONSIDERED AS AN OFFER TO SELL OR SOLICITATION OF INTEREST TO PURCHASE ANY SECURITIES ADVISED BY 500 STARTUPS OR ANY OF ITS AFFILIATES OR REPRESENTATIVES. FURTHER, NO CONTENT OR INFORMATION CONTAINED IN THIS POST IS OR IS INTENDED AS AN OFFER TO PROVIDE ANY INVESTMENT ADVISORY SERVICE OR FINANCIAL ADVICE BY 500 STARTUPS. UNDER NO CIRCUMSTANCES SHOULD ANYTHING HEREIN BE CONSTRUED AS FUND MARKETING MATERIALS BY PROSPECTIVE INVESTORS CONSIDERING AN INVESTMENT INTO ANY 500 STARTUPS INVESTMENT FUND.

Christine Tsai

Founding Partner and CEO

Christine Tsai co-founded 500 Global in 2010, and led the firm’s growth over the past decade from a startup accelerator to a multi-stage venture capital firm with $2.7B in assets under management, and more than 2,700 investments in 81 countries. 500 Global regularly ranks as one of the most active venture capital firms in the world, according to PitchBook, with a top number of exits. The firm’s diversified portfolio includes 49 companies valued at more than $1B, such as Talkdesk, Canva, Grab, GitLab, and Intercom. Private Equity International has named Christine one of 10 Women of Influence in venture capital. She currently serves on the venture capital committee of the Association of Asian American Investment Managers, the Global Tech VC Council of the Global Private Capital Association, and is an active member of the Young Presidents’ Organization. Christine is also an honoree of Gold House’s 2021 A100 List, recognizing the most impactful Asian and Pacific Islander leaders across business and technology, entertainment, advocacy and politics, lifestyle, and sports. Prior to founding 500 Global, she held product marketing and operating roles at Google, including monetization and developer products such as Google AdSense, Google Analytics, YouTube APIs and syndication, and Google Developer Platform Tools. Christine holds a B.A. in Cognitive Science from the University of California at Berkeley.

Recent news & articles

See all articles →
A Dispatch to Founders from TechCrunch Disrupt 2022
founders
5 min read

A Dispatch to Founders from TechCrunch Disrupt 2022

Even in difficult times we see opportunities to build game-changing businesses.
Read more →
Birthing Southeast Asia’s New Tech Giants
Podcast
27 min read

Birthing Southeast Asia’s New Tech Giants

500 Global made its first investment in the region 10 years ago. Managing Partner Vishal Harnal looks back at his and 500’s journey, and tells us what’s in store for the future.
Read more →
Christina Cai
Podcast
Episode 19

On a Quest to Make Health Insurance More Accessible

On this episode of Rise of the Next, Christina Cai talks about how her company Lydia.ai applies non-traditional metrics to help insurers underwrite health plans.
Read more →
The Future Of Financial Inclusion In Africa
Fintech
6 min read

The Future Of Financial Inclusion In Africa

Outsource Monetic Is enabling Mobile Money in Francophone Africa. The Senegalese fintech is piloting KaliSpot, an independent network of ATMs, that gives customers of any bank, fintech, or mobile money service 24/7 access to their money, with an emphasis on financial inclusion.
Read more →