500 Startups 500 Strong
The Future of Corporate Venture Capital
by Bedy Yang on October 25, 2019 at 3:03 pm
The following is an excerpt from 500’s latest report, Unlocking Corporate Venture Capital. How has corporate venture capital changed? In the decade since the Great Recession, we have seen digital upstarts – taking advantage of disruptive technologies from AI to IoT – reshape the economy and the corporate pecking order. Conventional wisdom dictated that incumbents should focus their innovation efforts on R&D and growing their cash cows while investing in a few startups. But the rate of change has accelerated and with it, the balance of internal versus external investment. We believe the new corporate landscape calls for new strategies. As one of the most active, early-stage investors in the world¹, 500 Startups has a unique perspective on the innovation ... Read More The post The Future of Corporate Venture Capital appeared first on 500 Startups.
500 Around the World: Takeaways from the Sberbank-500 Accelerator
by Janelle Apaydin on October 4, 2019 at 9:23 pm
If 500 has learned one thing from investing in over 75 countries, it’s the importance of placing bets in all the right founders and helping build ecosystems for them to thrive in. 500 is a firm believer of the idea that talent can be found everywhere, but you have to understand where that talent is and what unique challenges they are going to face in their region. One of these often-overlooked regions is Russia, which despite challenges, has a booming tech and startup ecosystem. Last year, 500 partnered with Sberbank—Russia’s largest bank and a leading global financial institution—to launch an accelerator in Moscow, bridging the gap in knowledge and social capital between Silicon Valley and Russia. Thirty hand-selected startups took ... Read More The post 500 Around the World: Takeaways from the Sberbank-500 Accelerator appeared first on 500 Startups.
Inside 500: How Their Accelerator Helped Me Grow My Accounting-as-a-Service Company and Raise $2 Million
by Guest Author on October 3, 2019 at 6:00 pm
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 ... Read More The post Inside 500: How Their Accelerator Helped Me Grow My Accounting-as-a-Service Company and Raise $2 Million appeared first on 500 Startups.
Welcome Tony Wang as 500’s New Managing Partner
by Christine Tsai on September 24, 2019 at 12:00 pm
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 ... Read More The post Welcome Tony Wang as 500’s New Managing Partner appeared first on 500 Startups.
United Nations Development Program and 500 Startups Join Forces to Bridge the World of Impact Financing and Tech Startups
by Khailee Ng on September 12, 2019 at 1:00 pm
Startup founders often have ambitions not just to make money, but to change the world. So, how do we help these founders accomplish these goals? Enter ImpactAIM Indonesia, a program forged from a partnership between 500 Startups and the United Nations Development Program (UNDP). ImpactAIM Indonesia’s goal is to bridge the world of impact financing with the world of tech startups in Indonesia. The program will select up to 8-10 successful post-seed startups whose businesses align with the UN Sustainable Development Goals, help selected participants measure and accelerate their impact, as well as showcase them to prospective impact investors. This partnership is one of the first of its kind: the UNDP will lend impact measurement expertise and impact investor networks ... Read More The post United Nations Development Program and 500 Startups Join Forces to Bridge the World of Impact Financing and Tech Startups appeared first on 500 Startups.