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Thursday, June 9, 2011
500 Startups Unveils 2nd Batch: 21 Startups, From ?Foodspotting For Fashion? To ?Iron Chef In Your Living Room?
Investor Dave McClure and his wily bunch of scrappy startups are at it again this time almost doubling up on startups, going from 12 in first cohort to 21 and bringing the accelerator's total to 140. For those unaware, 500 Startups is the Palo Alto based incubator that was founded by angel investing firebrand McClure, investing between $25K to $250K in startups with a focus on the ?Three Ds? design, data, and distribution. The demographics breakdown of this new ?Fast and the Furious? 500 Startups batch are as follows, 30% have international founders including Zerply (Sweden, Estonia), vvall (Hong Kong) and BugHeard (Australia). Many are from outside of the valley including LaunchRock (Philadelphia), Snapette (Boston) and HelloWorld (Austin).
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