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.
500’s Latest San Francisco Batch is Hoping to Innovate in Music, TV, and Intellectual Property
by Natalie Riso on August 19, 2019 at 6:36 pm
Music, TV, and intellectual property all have the potential of influencing what content we consume and what technology we use to go about our daily lives. And because all three of these are huge, established, and complex industries, they are ripe for scalable solutions. It’s solutions with this kind of mass potential that are exactly what we go for in our San Francisco seed program. Here are some of the companies in our current batch who are aiming to challenge the ways these industries function and monetize: 1. FitzyTV As the TV industry moves to the internet, content creators are building a multitude of apps to get their content distributed on every Smart TV platform. FitzyTV is an open internet ... Read More The post 500’s Latest San Francisco Batch is Hoping to Innovate in Music, TV, and Intellectual Property appeared first on 500 Startups.
Latest AI Applications from 500’s Batch 25
by Natalie Riso on August 13, 2019 at 11:09 pm
AI is one of those buzzwords that feels like it has endless applications. That’s why it is hugely important for us to understand where the needs are now, and how AI can solve the problems better than any other technology. Batch 25 came to 500 with an incredible number of AI-based startups. Here are just some of the many industries our latest San Francisco batch is hoping to innovate through AI. 1. E-Commerce Curie Retail has gotten more complex over the years. Today, the modern shopper has thousands of potential data points to consider with every purchase from millions of brands, experts, and influencers. Curie aims to allow consumers to discover multiple data points about an item by taking a ... Read More The post Latest AI Applications from 500’s Batch 25 appeared first on 500 Startups.
The Up and Coming Startups Aiming to Disrupt Healthcare
by Natalie Riso on August 6, 2019 at 4:20 pm
Healthcare has a notorious reputation for being intimidating. From complex insurance policies and payments to the intense legal regulations on its processes, many innovators stray away from trying to tackle the industry. But at 500, we believe in being bold. It’s one of the many reasons why we chose these health industry startups to join our 25th seed program batch in downtown San Francisco. Check out two of the startups aiming to bring a new wave of efficiency and accountability to the space: AMPAworks In healthcare’s high-risk situations, almost everyone can see why having the right tools at the hands of healthcare providers would be of paramount importance. AMPAworks hopes to be the future of medical inventory management. They use ... Read More The post The Up and Coming Startups Aiming to Disrupt Healthcare appeared first on 500 Startups.
500Kobe Accelerator Program is back, now with a Focused Track on Health
by Caitlin Glazebrook on July 30, 2019 at 5:00 pm
500 Startups and Kobe City are thrilled to announce our 4th consecutive accelerator program, which will commence on November 4th, 2019. This year’s program will continue to support startups across all industries and sectors, but will include a special focus on startups within the health space. For the past three years, 500 Startups and Kobe City have together supported the growth of startups from around the world, including Japan, Hong Kong, Malaysia, South Africa, United States, and more. This year, we will be accepting up to 20 startups. The program will be led by the 500 Startups team and hand-selected mentors from our global network. They will work closely with each startup to accelerate their development through best operational practices, ... Read More The post 500Kobe Accelerator Program is back, now with a Focused Track on Health appeared first on 500 Startups.
Announcing Courtney Powell as COO of 500 Startups
by Christine Tsai on July 29, 2019 at 12:00 pm
500 has seen incredible growth over the past 9 years, yet our goal has always stayed constant: back the world’s most talented founders. Everything we do is centered around bringing incredible ideas and entrepreneurial ecosystems to life through inspiring individuals around the world. It’s this principle that has led us to invest in over 2,200 companies, and in one of the most global and diverse teams in VC. Earlier this year, I reflected on 500’s accomplishments and expressed that the 500 of the future is just getting started. With that, I am thrilled to announce that Courtney Powell has joined 500 as our COO. In this role, Courtney will help in continuing to scale 500 globally and explore new opportunities ... Read More The post Announcing Courtney Powell as COO of 500 Startups appeared first on 500 Startups.