SlideShare una empresa de Scribd logo
1 de 45
Descargar para leer sin conexión
500 Startups
to 500 VCs
Dave McClure
January 2016
Honolulu, HI
Dave McClure

Founding Partner & Troublemaker, 500 Startups
00’s & 10’s:
• VC: Founders Fund, Facebook fbFund, 500 Startups
• Angel: Mashery, Mint.com, SlideShare, Twilio
• Marketing: PayPal, Simply Hired, Mint.com
80’s & 90’s:
• Entrepreneur: Aslan Computing (acq’d by Servinet/Panurgy)
• Developer: Windows / SQL DB consultant (Intel, MSFT)
• Engineer: Johns Hopkins‘88, BS Eng / Applied Math
500 Startups

Global Seed VC Fund & Startup Accelerator
• What is 500?
• $200M under management
• 100+ people / 20 Countries
• 3,000+ Founders / 250+ Mentors
• Capital, Education, Community
• #500STRONG
• 1400+ Portfolio Co’s / 50+ Countries
• 3 Unicorns ($1B+)
• Credit Karma
• GrabTaxi
• Twilio
• 50+ exits
• Wildfire (acq GOOG, $350M)
• MakerBot (acq SSYS, $400M)
• Viki (acq Rakuten, $200M)
• 30+ Centaurs ($100M+)
• Udemy
• Ipsy
• SendGrid
• VivaReal
• The RealReal
• TalkDesk
• Intercom
• Virool
• BarkBox
This Talk is About…
• Re-inventing a 50 year old sport
• 500 Startups… WTF?
• 99 VC Problems, But a Batch Ain’t 1
• MoneyBall for Startups: Lots of Little Bets
• 500 VCs, 500 Funds
Re-inventing a
50 year old sport:
Venture Capital 2.0
Football
West Coast
Offense
Baseball
MoneyBall
Basketball
3 point
revolution
Venture
Capital
500 Startups
“Lots of little bets”
500 Strategy: MoneyBall for Startups
Re-inventing a 50-year old sport
Before & After 2 Dot-Com Crashes

LEAN Startup: Simpler, Faster, Cheaper, Smarter
Before 2000
Big, Fat, Dinosaur Startup
• Sun Servers
• Oracle DB
• Exodus Hosting
• 12-24mo dev cycle
• 6-18mo sales cycle
• <100M people online
• $1-2M seed round
• $3-5M Series A
• Sand Hill Road crawl
After 2008
Lean, Little, Cockroach Startup
• AWS, Google, PayPal, FB, TW
• Cloud + Open Source SW
• Lean Startup / Startup Wknd
• 3-90d dev cycle
• SaaS / online sales
• >3B people online
• <$100K incub + <$1M seed
• $1-3M Series A
• Angel List global visibility
Platforms 2.0

Search, Social, Mobile,
Video, Messaging
Changes in Tech Startups
• LESS Capital required to build product, get to market
– Dramatically reduced cost for servers, software, bandwidth
– Funding Platforms: KickStarter, Angel List, Funders Club, etc
– Access to online platforms for 100M-1B+ consumers, smallbiz, etc
• MORE Customers via ONLINE platforms (100M+ users)
– Search (Google, Baidu)
– Social (Facebook, Twitter, LinkedIn, SnapChat, Instagram)
– Mobile (Apple, Android)
– E-Commerce (Amazon, Ebay/PayPal, Alibaba)
– Media (YouTube, Pinterest, Instagram)
– Comm/Msgs (WeChat, WhatsApp, Line, SnapChat, Email, Voice, SMS, etc)
• LOTS of little bets: Accelerators, Angels, Angel List, Small Exits
– Capital + Co-working + Mentoring -> Design, Data, Distribution
– “Fast, Cheap Fail”, network effects, quantitative + iterative investments
500 Startups…
WTF?
500 Startups Mission
1. Find Smart People.
2. Give Them Money.
3. Wait for Good Shit to Happen.
Building Startup Ecosystems
500 Startups Mission
• Provide capital, community, education
to smart people (founders, investors)
• Build functional startup ecosystems
(founders, team, angels, accelerators,
VC funds, capital, exits, liquidity, etc)
• #HFGSD: Have Fun, Get Shit Done.
500 Startups History:
What a Long Strange Trip It’s Been
Year People Locations AUM $ Companies
2010 5 MV 10 75
2011 10 BRZ 30 250
2012 15 MX, IND 50 450
2013 30 CHN, SEA 75 650
2014 50 SF, MENA 125 900
2015 100 Korea, UK, Thailand,
Vietnam, Germany,
Israel, MENA, Japan,
Turkey, E. EU
200 1400
2016 150+ +10-20 More ??? 2000+
500 Startups History:
What a Long Strange Trip It’s Been
500 Startups: a Platform made of People
#500STRONG #500LOVE #HFGSD
100 People, 20 Countries, 25 Languages
500 Startups: “Full-Stack” VC
http://bit.ly/99VCProblems
Portfolio Diversification
“Spray, not Pray”
From 500 Startups to 500 VCs
Q: Chances of spotting
unicorn?/
a) 1%
b) 2%
c) 5%
d) 10%
e) ZERO
Chances of spotting
unicorn = ~1%/
If portfolio size = 15
companies/
/
If portfolio size = 30
companies
/
If portfolio size = 100
companies
500 Strategy:
MoneyBall for Startups
“Lots of Little Bets”
500 Strategy: Lots of Little Bets*
1) make lots (>100) of
investments in early-
stage startups
3) wait 3-10 years for returns:
-10-20% small exits @1-5X (<25M+)
-5-10% larger exits @5-20X ($25-250M+)
-1-2% unicorns @20-50X+ (>$250M-1B+)
*See Peter Sims book: “Little Bets”
2) over next 2 years, double-
down on top 20%
Building Tech Startups
Make lots of little bets:
• Start with many small “experiments”
• Filter out failures + small wins
• Double-down on stuff that looks like it’s working
• Incubation: $0-100K (“Build & Validate Product”)
• Seed: $100K-$1M (“Test & Grow Marketing Channels””)
• Venture: $1M-$10M (“Maximize Growth & Revenue”)
Startup Risk Reduction
Concept
Early
Customer
Usage
Scalable
Customer
Acquisition
[about to be]
Profitable
Unit
Economics
Scalable
Profitable
Business
Functional
Prototype
PRODUCT
MARKET
REVENUE
Exit?
When 500
Likes to
Invest
Investment Stage #1: 

Product Validation + Customer Usage
• Structure
– 1-3 founders
– $25-$100K investment
– Incubator environment: multiple peers, mentors/advisors
• Test Functional Prototype / “Minimum Viable Product” (MVP):
– Prototype->Alpha, ~3-6 months
– Develop Minimal Critical Feature Set => Get to “It Works! Someone Uses It.”
– Improve Design & Usability, Setup Conversion Metrics
– Test Small-Scale Customer Adoption (10-1000 users)
• Demonstrate Concept, Reduce Product Risk, Test Functional Use
• Develop Metrics & Filter for Possible Future Investment
Investment Stage #2: 

Market Validation + Revenue Testing
• Structure
– 2-10 person team
– $100K-$1M investment
– Syndicate of Angel Investors / Small VC Funds
• Improve Product, Expand Customers, Test Revenue:
– Alpha->Beta, ~6-12 months
– Scale Customer Adoption => “Many People Use It, & They Pay.”
– Test Marketing Campaigns, Customer Acquisition Channels + Cost
– Test Revenue / Unit Economics, Find Profitable Customer Segments
• Prove Solution/Benefit, Assess Market Size
• Test Channel Cost, Unit Economics, Revenue Opportunity
• Determine Org Structure, Key Hires
Investment Stage #3: 

Revenue Validation + Growth
• Structure
– 5-25 person team
– $1M-$10M investment
– Seed & Venture Investors
• Make Money (or Go Big), Get to Sustainability:
– Beta->Production, 12-24 months
– Revenue / Growth => “We Can Make (a lot of) Money!”
– Mktg Plan => Predictable Channels / Campaigns + Budget
– Scalability & Infrastructure, Customer Service & Operations
– Connect with Distribution Partners, Expand Growth
• Prove/Expand Market, Operationalize Business
• Future Milestones: Profitable/Sustainable, Exit Options
Legal review Partner approval
Angel Pre-Seed Seed Post-Seed Series A/B Growth
Accelerator
Seed
“Distro"
Follow-On
Selection Criteria – Data-Driven Process Based on Pre-defined Metrics
• Product or service solves a problem for a specific target customer
• Capital-efficient business; operational at less than $1M in external financing
• Scalable internet-based distribution (search, social, mobile) or proven ability to scale sales
• Functional prototype required before investing (or previous product success)
• Measurable traction: engaged users, some revenue, and attractive unit economics
• Cross-functional team with design, engineering and marketing expertise
How 500 Invests:
Accelerator, Seed, Distro
500 VCs,
500 Funds
We live in a World of ABUNDANCE
• There are LOTS of talented people in the world
• There are LOTS of entrepreneurs everywhere
• There is a LOT of capital sitting around, BUT….
• Not much is available for un-tested entrepreneurs :(
• 500 Startups plans to change that.
Who, What is an
Entrepreneur?
Who/What is an Entrepreneur?
• someone who WANTS to start a business
• someone who can RUN a business
• someone who can run a SUSTAINABLE business
• someone who can run a PROFITABLE business
that creates VALUE & employs LARGE # people
• someone who can run a $10M/yr business that
employs 100+people
How Big Is The Market?
Q: How Many Entrepreneurs?
• How Many People = 7,000,000,000 on earth
• 1% of Humanity is Entrepreneurial = 70,000,000 founders
• Live 70 years, try at least once = 1,000,000 founders / year
• How Much Do They Need? Zero? $100K? $1M? $10M?
• How Big is the Market = 1M founders x $10M = $10 TRILLION / year
• Come on, REALLY? (ok Divide by 100)
• 100,000 founders / year * $1M each = $100 BILLION / year
How Many VCs?
• How Many Founders? 1,000,000 founders / year
• (ok, divide by 100, let’s say 10,000 founders / year)
• 1 VC can make 20 investments / year
• 10,000 founders / 20 deals per VC = 500 VCs
How to Become a VC
• Option 1: Go to Harvard/Stanford/Wharton, Get MBA,
Become VC Associate, Work at McKinsey / Google /
Facebook, Re-Join VC as Junior Partner or Partner
• Option 2: Start a Startup, Grow Really Big, Sell for $1B+,
Join VC as Partner
• Option 3: Wander around lost in the forest, Work Your Ass
Off for 25 yrs, do some angel investing, Start your own Firm
500 Startups + Stanford University Investor Education Program
#Venture Capital Unlocked: Learn best practices of Silicon Valley Investing
#Startup Accelerator: Build your own accelerator with 500 Startups
#VC/Angel 101: How to build an early-stage investment thesis
#500VCs
How to build investment
thesis
Meet REAL startup founders
and conduct selection
Connection with Silicon Valley
investors and mentors
Legal docs: cap table and
standard terms
How to generate deal flow Trends and relevant area of
investments
500 Startups + Stanford University Investor Education Program
#500VCs
Feb 8th-19th 2016
@ Stanford+500
signup NOW: 

http://500.vc
500 Startups + Stanford University Investor Education Program
#500VCs
Questions? Comments? Heckles?
• More?
– http://500.co (our company)
– http://500hats.com (my blog)
– https://angel.co/500startups (our fund)
– Dave McClure, @DaveMcClure

Más contenido relacionado

La actualidad más candente

The Best Pitch Deck Format To Attract Investors
The Best Pitch Deck Format To Attract InvestorsThe Best Pitch Deck Format To Attract Investors
The Best Pitch Deck Format To Attract InvestorsBryce North
 
Venture Builder / Start-up Factory Model One-slider Infographic
Venture Builder / Start-up Factory Model One-slider Infographic Venture Builder / Start-up Factory Model One-slider Infographic
Venture Builder / Start-up Factory Model One-slider Infographic Floyd DCosta
 
How to Create the Perfect Startup Pitch Deck
How to Create the Perfect Startup Pitch DeckHow to Create the Perfect Startup Pitch Deck
How to Create the Perfect Startup Pitch DeckEliott Harfouche
 
How to make an investor pitch deck that really works
How to make an investor pitch deck that really worksHow to make an investor pitch deck that really works
How to make an investor pitch deck that really worksDeck Rooster
 
Slash - the Startup Studio Playbook (13 dec2018)
Slash - the Startup Studio Playbook (13 dec2018)Slash - the Startup Studio Playbook (13 dec2018)
Slash - the Startup Studio Playbook (13 dec2018)Slash
 
Sales Decks for Founders - Founding Sales - December 2015
Sales Decks for Founders - Founding Sales - December 2015 Sales Decks for Founders - Founding Sales - December 2015
Sales Decks for Founders - Founding Sales - December 2015 Peter Kazanjy
 
How to Pitch Your Startup to Investors
How to Pitch Your Startup to InvestorsHow to Pitch Your Startup to Investors
How to Pitch Your Startup to InvestorsJeremey Donovan
 
How to develop Startup Pitch Deck
How to develop Startup Pitch DeckHow to develop Startup Pitch Deck
How to develop Startup Pitch DeckKashyap Pandya
 
Mint Founder Institute Accounting
Mint Founder Institute AccountingMint Founder Institute Accounting
Mint Founder Institute AccountingAndrei Marinescu
 
Stripe Pitch Deck designed by Zlides
Stripe Pitch Deck designed by ZlidesStripe Pitch Deck designed by Zlides
Stripe Pitch Deck designed by ZlidesZlides
 
10 Tips on How to Pitch a VC (FOWA, London)
10 Tips on How to Pitch a VC (FOWA, London)10 Tips on How to Pitch a VC (FOWA, London)
10 Tips on How to Pitch a VC (FOWA, London)Dave McClure
 
YC Pitch Deck Template
YC Pitch Deck TemplateYC Pitch Deck Template
YC Pitch Deck TemplatePitch Decks
 
ChangeForCause Pitch Deck
ChangeForCause Pitch DeckChangeForCause Pitch Deck
ChangeForCause Pitch DeckTed Stanowski
 
Techstars Boston - The Secret Playbook of Raising $$$ - May 2022
Techstars Boston - The Secret Playbook of Raising $$$ - May 2022Techstars Boston - The Secret Playbook of Raising $$$ - May 2022
Techstars Boston - The Secret Playbook of Raising $$$ - May 2022David Chang
 
Hera labs investor pitch deck template
Hera labs investor pitch deck templateHera labs investor pitch deck template
Hera labs investor pitch deck templateHera-LABS
 
Creating a Pitch Deck Using the Business Model Canvas
Creating a Pitch Deck Using the Business Model CanvasCreating a Pitch Deck Using the Business Model Canvas
Creating a Pitch Deck Using the Business Model CanvasMichelle Ferrier
 
How to Pitch a VC Dave McClure
How to Pitch a VC Dave McClureHow to Pitch a VC Dave McClure
How to Pitch a VC Dave McClureDealmaker Media
 
The Product Market Fit Cycle (Updated to v. 2.0)
The Product Market Fit Cycle (Updated to v. 2.0)The Product Market Fit Cycle (Updated to v. 2.0)
The Product Market Fit Cycle (Updated to v. 2.0)Carlos Espinal
 

La actualidad más candente (20)

The Best Pitch Deck Format To Attract Investors
The Best Pitch Deck Format To Attract InvestorsThe Best Pitch Deck Format To Attract Investors
The Best Pitch Deck Format To Attract Investors
 
Venture Builder / Start-up Factory Model One-slider Infographic
Venture Builder / Start-up Factory Model One-slider Infographic Venture Builder / Start-up Factory Model One-slider Infographic
Venture Builder / Start-up Factory Model One-slider Infographic
 
How to Create the Perfect Startup Pitch Deck
How to Create the Perfect Startup Pitch DeckHow to Create the Perfect Startup Pitch Deck
How to Create the Perfect Startup Pitch Deck
 
How to make an investor pitch deck that really works
How to make an investor pitch deck that really worksHow to make an investor pitch deck that really works
How to make an investor pitch deck that really works
 
Slash - the Startup Studio Playbook (13 dec2018)
Slash - the Startup Studio Playbook (13 dec2018)Slash - the Startup Studio Playbook (13 dec2018)
Slash - the Startup Studio Playbook (13 dec2018)
 
Sales Decks for Founders - Founding Sales - December 2015
Sales Decks for Founders - Founding Sales - December 2015 Sales Decks for Founders - Founding Sales - December 2015
Sales Decks for Founders - Founding Sales - December 2015
 
How to Pitch Your Startup to Investors
How to Pitch Your Startup to InvestorsHow to Pitch Your Startup to Investors
How to Pitch Your Startup to Investors
 
How to develop Startup Pitch Deck
How to develop Startup Pitch DeckHow to develop Startup Pitch Deck
How to develop Startup Pitch Deck
 
Mint Founder Institute Accounting
Mint Founder Institute AccountingMint Founder Institute Accounting
Mint Founder Institute Accounting
 
Stripe Pitch Deck designed by Zlides
Stripe Pitch Deck designed by ZlidesStripe Pitch Deck designed by Zlides
Stripe Pitch Deck designed by Zlides
 
10 Tips on How to Pitch a VC (FOWA, London)
10 Tips on How to Pitch a VC (FOWA, London)10 Tips on How to Pitch a VC (FOWA, London)
10 Tips on How to Pitch a VC (FOWA, London)
 
YC Pitch Deck Template
YC Pitch Deck TemplateYC Pitch Deck Template
YC Pitch Deck Template
 
ChangeForCause Pitch Deck
ChangeForCause Pitch DeckChangeForCause Pitch Deck
ChangeForCause Pitch Deck
 
Techstars Boston - The Secret Playbook of Raising $$$ - May 2022
Techstars Boston - The Secret Playbook of Raising $$$ - May 2022Techstars Boston - The Secret Playbook of Raising $$$ - May 2022
Techstars Boston - The Secret Playbook of Raising $$$ - May 2022
 
Hera labs investor pitch deck template
Hera labs investor pitch deck templateHera labs investor pitch deck template
Hera labs investor pitch deck template
 
BlueOS Company Presentation: Pitch Deck
BlueOS Company Presentation: Pitch DeckBlueOS Company Presentation: Pitch Deck
BlueOS Company Presentation: Pitch Deck
 
Creating a Pitch Deck Using the Business Model Canvas
Creating a Pitch Deck Using the Business Model CanvasCreating a Pitch Deck Using the Business Model Canvas
Creating a Pitch Deck Using the Business Model Canvas
 
LaunchRock
LaunchRockLaunchRock
LaunchRock
 
How to Pitch a VC Dave McClure
How to Pitch a VC Dave McClureHow to Pitch a VC Dave McClure
How to Pitch a VC Dave McClure
 
The Product Market Fit Cycle (Updated to v. 2.0)
The Product Market Fit Cycle (Updated to v. 2.0)The Product Market Fit Cycle (Updated to v. 2.0)
The Product Market Fit Cycle (Updated to v. 2.0)
 

Destacado

500 Startups corporate overview deck (2.23.2016)
500 Startups corporate overview deck (2.23.2016)500 Startups corporate overview deck (2.23.2016)
500 Startups corporate overview deck (2.23.2016)500 Startups
 
10 Challenges for Emerging Market Startup Ecosystems (Cairo)
10 Challenges for Emerging Market Startup Ecosystems (Cairo)10 Challenges for Emerging Market Startup Ecosystems (Cairo)
10 Challenges for Emerging Market Startup Ecosystems (Cairo)Dave McClure
 
Lean, Little Cockroach Startup
Lean, Little Cockroach StartupLean, Little Cockroach Startup
Lean, Little Cockroach StartupDave McClure
 
10 Challenges for Emerging Market Startup Ecosystems
10 Challenges for Emerging Market Startup Ecosystems10 Challenges for Emerging Market Startup Ecosystems
10 Challenges for Emerging Market Startup EcosystemsDave McClure
 
Building Startup Ecosystems (Berlin, June 2015)
Building Startup Ecosystems (Berlin, June 2015)Building Startup Ecosystems (Berlin, June 2015)
Building Startup Ecosystems (Berlin, June 2015)Dave McClure
 
Silicon Valley 2.0: Make Lots of Little Bets.
Silicon Valley 2.0: Make Lots of Little Bets.Silicon Valley 2.0: Make Lots of Little Bets.
Silicon Valley 2.0: Make Lots of Little Bets.Dave McClure
 
500 Startups Update + VC 101 (Investor Education)
500 Startups Update + VC 101 (Investor Education)500 Startups Update + VC 101 (Investor Education)
500 Startups Update + VC 101 (Investor Education)Dave McClure
 
Building Startup Ecosystems (Guadalajara, July 2015)
Building Startup Ecosystems (Guadalajara, July 2015)Building Startup Ecosystems (Guadalajara, July 2015)
Building Startup Ecosystems (Guadalajara, July 2015)Dave McClure
 
500 Startups #DemoDay #Batch15
500 Startups #DemoDay #Batch15500 Startups #DemoDay #Batch15
500 Startups #DemoDay #Batch15Dave McClure
 
Startup Metrics for Pirates (Nov 2015, Platzi)
Startup Metrics for Pirates (Nov 2015, Platzi)Startup Metrics for Pirates (Nov 2015, Platzi)
Startup Metrics for Pirates (Nov 2015, Platzi)Dave McClure
 
Startup & VC Tech Trends
Startup & VC Tech Trends Startup & VC Tech Trends
Startup & VC Tech Trends Dave McClure
 
Venture Capital Unlocked (Stanford) / Venture Capital 2.0
Venture Capital Unlocked (Stanford) / Venture Capital 2.0Venture Capital Unlocked (Stanford) / Venture Capital 2.0
Venture Capital Unlocked (Stanford) / Venture Capital 2.0Dave McClure
 
10 Challenges for Emerging Market Startup Ecosystems
10 Challenges for Emerging Market Startup Ecosystems10 Challenges for Emerging Market Startup Ecosystems
10 Challenges for Emerging Market Startup EcosystemsDave McClure
 
Investment Thesis Fundamentals (April 2016)
Investment Thesis Fundamentals (April 2016)Investment Thesis Fundamentals (April 2016)
Investment Thesis Fundamentals (April 2016)Dave McClure
 
Startup Metrics for Pirates
Startup Metrics for PiratesStartup Metrics for Pirates
Startup Metrics for PiratesDave McClure
 

Destacado (15)

500 Startups corporate overview deck (2.23.2016)
500 Startups corporate overview deck (2.23.2016)500 Startups corporate overview deck (2.23.2016)
500 Startups corporate overview deck (2.23.2016)
 
10 Challenges for Emerging Market Startup Ecosystems (Cairo)
10 Challenges for Emerging Market Startup Ecosystems (Cairo)10 Challenges for Emerging Market Startup Ecosystems (Cairo)
10 Challenges for Emerging Market Startup Ecosystems (Cairo)
 
Lean, Little Cockroach Startup
Lean, Little Cockroach StartupLean, Little Cockroach Startup
Lean, Little Cockroach Startup
 
10 Challenges for Emerging Market Startup Ecosystems
10 Challenges for Emerging Market Startup Ecosystems10 Challenges for Emerging Market Startup Ecosystems
10 Challenges for Emerging Market Startup Ecosystems
 
Building Startup Ecosystems (Berlin, June 2015)
Building Startup Ecosystems (Berlin, June 2015)Building Startup Ecosystems (Berlin, June 2015)
Building Startup Ecosystems (Berlin, June 2015)
 
Silicon Valley 2.0: Make Lots of Little Bets.
Silicon Valley 2.0: Make Lots of Little Bets.Silicon Valley 2.0: Make Lots of Little Bets.
Silicon Valley 2.0: Make Lots of Little Bets.
 
500 Startups Update + VC 101 (Investor Education)
500 Startups Update + VC 101 (Investor Education)500 Startups Update + VC 101 (Investor Education)
500 Startups Update + VC 101 (Investor Education)
 
Building Startup Ecosystems (Guadalajara, July 2015)
Building Startup Ecosystems (Guadalajara, July 2015)Building Startup Ecosystems (Guadalajara, July 2015)
Building Startup Ecosystems (Guadalajara, July 2015)
 
500 Startups #DemoDay #Batch15
500 Startups #DemoDay #Batch15500 Startups #DemoDay #Batch15
500 Startups #DemoDay #Batch15
 
Startup Metrics for Pirates (Nov 2015, Platzi)
Startup Metrics for Pirates (Nov 2015, Platzi)Startup Metrics for Pirates (Nov 2015, Platzi)
Startup Metrics for Pirates (Nov 2015, Platzi)
 
Startup & VC Tech Trends
Startup & VC Tech Trends Startup & VC Tech Trends
Startup & VC Tech Trends
 
Venture Capital Unlocked (Stanford) / Venture Capital 2.0
Venture Capital Unlocked (Stanford) / Venture Capital 2.0Venture Capital Unlocked (Stanford) / Venture Capital 2.0
Venture Capital Unlocked (Stanford) / Venture Capital 2.0
 
10 Challenges for Emerging Market Startup Ecosystems
10 Challenges for Emerging Market Startup Ecosystems10 Challenges for Emerging Market Startup Ecosystems
10 Challenges for Emerging Market Startup Ecosystems
 
Investment Thesis Fundamentals (April 2016)
Investment Thesis Fundamentals (April 2016)Investment Thesis Fundamentals (April 2016)
Investment Thesis Fundamentals (April 2016)
 
Startup Metrics for Pirates
Startup Metrics for PiratesStartup Metrics for Pirates
Startup Metrics for Pirates
 

Similar a From 500 Startups to 500 VCs

Investing in Tech Startups + Corporate Innovation (with SVB)
Investing in Tech Startups + Corporate Innovation (with SVB)Investing in Tech Startups + Corporate Innovation (with SVB)
Investing in Tech Startups + Corporate Innovation (with SVB)Dave McClure
 
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...Dave McClure
 
Venture Capital 2.0 (Delhi, Feb 2016)
Venture Capital 2.0 (Delhi, Feb 2016)Venture Capital 2.0 (Delhi, Feb 2016)
Venture Capital 2.0 (Delhi, Feb 2016)Dave McClure
 
Building 500 Startups + Changes in VC
Building 500 Startups + Changes in VCBuilding 500 Startups + Changes in VC
Building 500 Startups + Changes in VCDave McClure
 
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...Dave McClure
 
Building Startup Ecosystems + Investing in Tech Startups
Building Startup Ecosystems + Investing in Tech StartupsBuilding Startup Ecosystems + Investing in Tech Startups
Building Startup Ecosystems + Investing in Tech StartupsDave McClure
 
Changes in VC + Building Startup Ecosystems
Changes in VC + Building Startup EcosystemsChanges in VC + Building Startup Ecosystems
Changes in VC + Building Startup EcosystemsDave McClure
 
Building Startup Ecosytems & Investing in Tech Startups
Building Startup Ecosytems & Investing in Tech StartupsBuilding Startup Ecosytems & Investing in Tech Startups
Building Startup Ecosytems & Investing in Tech StartupsDave McClure
 
Investing in Tech Startups & Building Startup Ecosystems (PreMoney Miami, Mar...
Investing in Tech Startups & Building Startup Ecosystems (PreMoney Miami, Mar...Investing in Tech Startups & Building Startup Ecosystems (PreMoney Miami, Mar...
Investing in Tech Startups & Building Startup Ecosystems (PreMoney Miami, Mar...Dave McClure
 
[PREMONEY MIAMI] 500 Startups >> Dave McClure, "4 Years of Moneyball & 950+ S...
[PREMONEY MIAMI] 500 Startups >> Dave McClure, "4 Years of Moneyball & 950+ S...[PREMONEY MIAMI] 500 Startups >> Dave McClure, "4 Years of Moneyball & 950+ S...
[PREMONEY MIAMI] 500 Startups >> Dave McClure, "4 Years of Moneyball & 950+ S...500 Startups
 
Changes in Venture Capital + Building 500 Startups (Istanbul, Sept 2013)
Changes in Venture Capital + Building 500 Startups (Istanbul, Sept 2013)Changes in Venture Capital + Building 500 Startups (Istanbul, Sept 2013)
Changes in Venture Capital + Building 500 Startups (Istanbul, Sept 2013)Dave McClure
 
Changes in Venture Capital (Pioneers, Vienna)
Changes in Venture Capital (Pioneers, Vienna)Changes in Venture Capital (Pioneers, Vienna)
Changes in Venture Capital (Pioneers, Vienna)Dave McClure
 
Silicon Valley 2.0: Lots of Little Bets (Hong Kong, May 2013)
Silicon Valley 2.0: Lots of Little Bets (Hong Kong, May 2013)Silicon Valley 2.0: Lots of Little Bets (Hong Kong, May 2013)
Silicon Valley 2.0: Lots of Little Bets (Hong Kong, May 2013)Dave McClure
 
Building Startup Ecosystems (Baku, Nov 2014)
Building Startup Ecosystems (Baku, Nov 2014)Building Startup Ecosystems (Baku, Nov 2014)
Building Startup Ecosystems (Baku, Nov 2014)Dave McClure
 
Building Startup Ecosystems (Seoul, Oct 2014)
Building Startup Ecosystems (Seoul, Oct 2014)Building Startup Ecosystems (Seoul, Oct 2014)
Building Startup Ecosystems (Seoul, Oct 2014)Dave McClure
 
Building #500STRONG
Building #500STRONGBuilding #500STRONG
Building #500STRONGDave McClure
 
Building Startup Ecosystems (Riyadh, Nov 2014)
Building Startup Ecosystems (Riyadh, Nov 2014)Building Startup Ecosystems (Riyadh, Nov 2014)
Building Startup Ecosystems (Riyadh, Nov 2014)Dave McClure
 
Building Startup Ecosystems & The Rise of Micro-VCs
Building Startup Ecosystems & The Rise of Micro-VCsBuilding Startup Ecosystems & The Rise of Micro-VCs
Building Startup Ecosystems & The Rise of Micro-VCsDave McClure
 
Farming Unicorns: Building Startup & Investor Ecosystems in Emerging Markets ...
Farming Unicorns: Building Startup & Investor Ecosystems in Emerging Markets ...Farming Unicorns: Building Startup & Investor Ecosystems in Emerging Markets ...
Farming Unicorns: Building Startup & Investor Ecosystems in Emerging Markets ...Dave McClure
 
Building Startup Ecosystems (Bahrain, May 2013)
Building Startup Ecosystems (Bahrain, May 2013)Building Startup Ecosystems (Bahrain, May 2013)
Building Startup Ecosystems (Bahrain, May 2013)Dave McClure
 

Similar a From 500 Startups to 500 VCs (20)

Investing in Tech Startups + Corporate Innovation (with SVB)
Investing in Tech Startups + Corporate Innovation (with SVB)Investing in Tech Startups + Corporate Innovation (with SVB)
Investing in Tech Startups + Corporate Innovation (with SVB)
 
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
 
Venture Capital 2.0 (Delhi, Feb 2016)
Venture Capital 2.0 (Delhi, Feb 2016)Venture Capital 2.0 (Delhi, Feb 2016)
Venture Capital 2.0 (Delhi, Feb 2016)
 
Building 500 Startups + Changes in VC
Building 500 Startups + Changes in VCBuilding 500 Startups + Changes in VC
Building 500 Startups + Changes in VC
 
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
 
Building Startup Ecosystems + Investing in Tech Startups
Building Startup Ecosystems + Investing in Tech StartupsBuilding Startup Ecosystems + Investing in Tech Startups
Building Startup Ecosystems + Investing in Tech Startups
 
Changes in VC + Building Startup Ecosystems
Changes in VC + Building Startup EcosystemsChanges in VC + Building Startup Ecosystems
Changes in VC + Building Startup Ecosystems
 
Building Startup Ecosytems & Investing in Tech Startups
Building Startup Ecosytems & Investing in Tech StartupsBuilding Startup Ecosytems & Investing in Tech Startups
Building Startup Ecosytems & Investing in Tech Startups
 
Investing in Tech Startups & Building Startup Ecosystems (PreMoney Miami, Mar...
Investing in Tech Startups & Building Startup Ecosystems (PreMoney Miami, Mar...Investing in Tech Startups & Building Startup Ecosystems (PreMoney Miami, Mar...
Investing in Tech Startups & Building Startup Ecosystems (PreMoney Miami, Mar...
 
[PREMONEY MIAMI] 500 Startups >> Dave McClure, "4 Years of Moneyball & 950+ S...
[PREMONEY MIAMI] 500 Startups >> Dave McClure, "4 Years of Moneyball & 950+ S...[PREMONEY MIAMI] 500 Startups >> Dave McClure, "4 Years of Moneyball & 950+ S...
[PREMONEY MIAMI] 500 Startups >> Dave McClure, "4 Years of Moneyball & 950+ S...
 
Changes in Venture Capital + Building 500 Startups (Istanbul, Sept 2013)
Changes in Venture Capital + Building 500 Startups (Istanbul, Sept 2013)Changes in Venture Capital + Building 500 Startups (Istanbul, Sept 2013)
Changes in Venture Capital + Building 500 Startups (Istanbul, Sept 2013)
 
Changes in Venture Capital (Pioneers, Vienna)
Changes in Venture Capital (Pioneers, Vienna)Changes in Venture Capital (Pioneers, Vienna)
Changes in Venture Capital (Pioneers, Vienna)
 
Silicon Valley 2.0: Lots of Little Bets (Hong Kong, May 2013)
Silicon Valley 2.0: Lots of Little Bets (Hong Kong, May 2013)Silicon Valley 2.0: Lots of Little Bets (Hong Kong, May 2013)
Silicon Valley 2.0: Lots of Little Bets (Hong Kong, May 2013)
 
Building Startup Ecosystems (Baku, Nov 2014)
Building Startup Ecosystems (Baku, Nov 2014)Building Startup Ecosystems (Baku, Nov 2014)
Building Startup Ecosystems (Baku, Nov 2014)
 
Building Startup Ecosystems (Seoul, Oct 2014)
Building Startup Ecosystems (Seoul, Oct 2014)Building Startup Ecosystems (Seoul, Oct 2014)
Building Startup Ecosystems (Seoul, Oct 2014)
 
Building #500STRONG
Building #500STRONGBuilding #500STRONG
Building #500STRONG
 
Building Startup Ecosystems (Riyadh, Nov 2014)
Building Startup Ecosystems (Riyadh, Nov 2014)Building Startup Ecosystems (Riyadh, Nov 2014)
Building Startup Ecosystems (Riyadh, Nov 2014)
 
Building Startup Ecosystems & The Rise of Micro-VCs
Building Startup Ecosystems & The Rise of Micro-VCsBuilding Startup Ecosystems & The Rise of Micro-VCs
Building Startup Ecosystems & The Rise of Micro-VCs
 
Farming Unicorns: Building Startup & Investor Ecosystems in Emerging Markets ...
Farming Unicorns: Building Startup & Investor Ecosystems in Emerging Markets ...Farming Unicorns: Building Startup & Investor Ecosystems in Emerging Markets ...
Farming Unicorns: Building Startup & Investor Ecosystems in Emerging Markets ...
 
Building Startup Ecosystems (Bahrain, May 2013)
Building Startup Ecosystems (Bahrain, May 2013)Building Startup Ecosystems (Bahrain, May 2013)
Building Startup Ecosystems (Bahrain, May 2013)
 

Más de Dave McClure

How to VC: Creating a VC fund portfolio model
How to VC: Creating a VC fund portfolio modelHow to VC: Creating a VC fund portfolio model
How to VC: Creating a VC fund portfolio modelDave McClure
 
Skip the J-Curve: An Intro to Venture Capital Secondary
Skip the J-Curve: An Intro to Venture Capital SecondarySkip the J-Curve: An Intro to Venture Capital Secondary
Skip the J-Curve: An Intro to Venture Capital SecondaryDave McClure
 
Tech and Venture Capital in the Time of Corona
Tech and Venture Capital in the Time of Corona Tech and Venture Capital in the Time of Corona
Tech and Venture Capital in the Time of Corona Dave McClure
 
Bringing Silicon Valley to LatAm: Startup Ecosystems & Investment
 Bringing Silicon Valley to LatAm: Startup Ecosystems & Investment Bringing Silicon Valley to LatAm: Startup Ecosystems & Investment
Bringing Silicon Valley to LatAm: Startup Ecosystems & InvestmentDave McClure
 
Building #500STRONG
Building #500STRONGBuilding #500STRONG
Building #500STRONGDave McClure
 
Take a Walk on the Dark Side: Branding for Startups & Sith Lords
Take a Walk on the Dark Side: Branding for Startups & Sith LordsTake a Walk on the Dark Side: Branding for Startups & Sith Lords
Take a Walk on the Dark Side: Branding for Startups & Sith LordsDave McClure
 
Farming Unicorns: Building Startup & Investor Ecosystems for Emerging Markets
Farming Unicorns: Building Startup & Investor Ecosystems for Emerging MarketsFarming Unicorns: Building Startup & Investor Ecosystems for Emerging Markets
Farming Unicorns: Building Startup & Investor Ecosystems for Emerging MarketsDave McClure
 
Farming Unicorns in Emerging Markets (Dubai, Oct 2016) #Gitex
Farming Unicorns in Emerging Markets (Dubai, Oct 2016) #GitexFarming Unicorns in Emerging Markets (Dubai, Oct 2016) #Gitex
Farming Unicorns in Emerging Markets (Dubai, Oct 2016) #GitexDave McClure
 
The Unicorn Hedge: Why Are Corporations Buying Unicorns? (Madrid, Oct 2016)
The Unicorn Hedge: Why Are Corporations Buying Unicorns? (Madrid, Oct 2016)The Unicorn Hedge: Why Are Corporations Buying Unicorns? (Madrid, Oct 2016)
The Unicorn Hedge: Why Are Corporations Buying Unicorns? (Madrid, Oct 2016)Dave McClure
 
Farming Unicorns: Building Startup & Investor Ecosystems
Farming Unicorns: Building Startup & Investor EcosystemsFarming Unicorns: Building Startup & Investor Ecosystems
Farming Unicorns: Building Startup & Investor EcosystemsDave McClure
 
500 Startups #Batch17 #DemoDay: "Beauty and the GEEK"
500 Startups #Batch17 #DemoDay: "Beauty and the GEEK"500 Startups #Batch17 #DemoDay: "Beauty and the GEEK"
500 Startups #Batch17 #DemoDay: "Beauty and the GEEK"Dave McClure
 
Farming Unicorns: Building Startup & Investor Ecosystems (Stanford, June 2016)
Farming Unicorns: Building Startup & Investor Ecosystems (Stanford, June 2016)Farming Unicorns: Building Startup & Investor Ecosystems (Stanford, June 2016)
Farming Unicorns: Building Startup & Investor Ecosystems (Stanford, June 2016)Dave McClure
 
Dinosaurs vs Unicorns aka "Bubble My Ass, All Dinosaurs Gonna Die" (London, J...
Dinosaurs vs Unicorns aka "Bubble My Ass, All Dinosaurs Gonna Die" (London, J...Dinosaurs vs Unicorns aka "Bubble My Ass, All Dinosaurs Gonna Die" (London, J...
Dinosaurs vs Unicorns aka "Bubble My Ass, All Dinosaurs Gonna Die" (London, J...Dave McClure
 
Farming Unicorns: Building Startup & Investor Ecosystems (Madrid, June 2016)
Farming Unicorns: Building Startup & Investor Ecosystems (Madrid, June 2016)Farming Unicorns: Building Startup & Investor Ecosystems (Madrid, June 2016)
Farming Unicorns: Building Startup & Investor Ecosystems (Madrid, June 2016)Dave McClure
 
Farming Unicorns: Building Startup & Investor Ecosystems (Dublin, June 2016)
Farming Unicorns: Building Startup & Investor Ecosystems (Dublin, June 2016)Farming Unicorns: Building Startup & Investor Ecosystems (Dublin, June 2016)
Farming Unicorns: Building Startup & Investor Ecosystems (Dublin, June 2016)Dave McClure
 
500 Startups / Batch 16 Demo Day (Q1/2016 update)
500 Startups / Batch 16 Demo Day (Q1/2016 update)500 Startups / Batch 16 Demo Day (Q1/2016 update)
500 Startups / Batch 16 Demo Day (Q1/2016 update)Dave McClure
 
Startup Metrics for Pirates (FounderX, May 2016)
Startup Metrics for Pirates (FounderX, May 2016)Startup Metrics for Pirates (FounderX, May 2016)
Startup Metrics for Pirates (FounderX, May 2016)Dave McClure
 
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...Dave McClure
 
How to Win Friends, Influence People, and Get a Better Valuation with Emoji, ...
How to Win Friends, Influence People, and Get a Better Valuation with Emoji, ...How to Win Friends, Influence People, and Get a Better Valuation with Emoji, ...
How to Win Friends, Influence People, and Get a Better Valuation with Emoji, ...Dave McClure
 

Más de Dave McClure (20)

How to VC: Creating a VC fund portfolio model
How to VC: Creating a VC fund portfolio modelHow to VC: Creating a VC fund portfolio model
How to VC: Creating a VC fund portfolio model
 
Skip the J-Curve: An Intro to Venture Capital Secondary
Skip the J-Curve: An Intro to Venture Capital SecondarySkip the J-Curve: An Intro to Venture Capital Secondary
Skip the J-Curve: An Intro to Venture Capital Secondary
 
Tech and Venture Capital in the Time of Corona
Tech and Venture Capital in the Time of Corona Tech and Venture Capital in the Time of Corona
Tech and Venture Capital in the Time of Corona
 
The Helpful VC
The Helpful VC The Helpful VC
The Helpful VC
 
Bringing Silicon Valley to LatAm: Startup Ecosystems & Investment
 Bringing Silicon Valley to LatAm: Startup Ecosystems & Investment Bringing Silicon Valley to LatAm: Startup Ecosystems & Investment
Bringing Silicon Valley to LatAm: Startup Ecosystems & Investment
 
Building #500STRONG
Building #500STRONGBuilding #500STRONG
Building #500STRONG
 
Take a Walk on the Dark Side: Branding for Startups & Sith Lords
Take a Walk on the Dark Side: Branding for Startups & Sith LordsTake a Walk on the Dark Side: Branding for Startups & Sith Lords
Take a Walk on the Dark Side: Branding for Startups & Sith Lords
 
Farming Unicorns: Building Startup & Investor Ecosystems for Emerging Markets
Farming Unicorns: Building Startup & Investor Ecosystems for Emerging MarketsFarming Unicorns: Building Startup & Investor Ecosystems for Emerging Markets
Farming Unicorns: Building Startup & Investor Ecosystems for Emerging Markets
 
Farming Unicorns in Emerging Markets (Dubai, Oct 2016) #Gitex
Farming Unicorns in Emerging Markets (Dubai, Oct 2016) #GitexFarming Unicorns in Emerging Markets (Dubai, Oct 2016) #Gitex
Farming Unicorns in Emerging Markets (Dubai, Oct 2016) #Gitex
 
The Unicorn Hedge: Why Are Corporations Buying Unicorns? (Madrid, Oct 2016)
The Unicorn Hedge: Why Are Corporations Buying Unicorns? (Madrid, Oct 2016)The Unicorn Hedge: Why Are Corporations Buying Unicorns? (Madrid, Oct 2016)
The Unicorn Hedge: Why Are Corporations Buying Unicorns? (Madrid, Oct 2016)
 
Farming Unicorns: Building Startup & Investor Ecosystems
Farming Unicorns: Building Startup & Investor EcosystemsFarming Unicorns: Building Startup & Investor Ecosystems
Farming Unicorns: Building Startup & Investor Ecosystems
 
500 Startups #Batch17 #DemoDay: "Beauty and the GEEK"
500 Startups #Batch17 #DemoDay: "Beauty and the GEEK"500 Startups #Batch17 #DemoDay: "Beauty and the GEEK"
500 Startups #Batch17 #DemoDay: "Beauty and the GEEK"
 
Farming Unicorns: Building Startup & Investor Ecosystems (Stanford, June 2016)
Farming Unicorns: Building Startup & Investor Ecosystems (Stanford, June 2016)Farming Unicorns: Building Startup & Investor Ecosystems (Stanford, June 2016)
Farming Unicorns: Building Startup & Investor Ecosystems (Stanford, June 2016)
 
Dinosaurs vs Unicorns aka "Bubble My Ass, All Dinosaurs Gonna Die" (London, J...
Dinosaurs vs Unicorns aka "Bubble My Ass, All Dinosaurs Gonna Die" (London, J...Dinosaurs vs Unicorns aka "Bubble My Ass, All Dinosaurs Gonna Die" (London, J...
Dinosaurs vs Unicorns aka "Bubble My Ass, All Dinosaurs Gonna Die" (London, J...
 
Farming Unicorns: Building Startup & Investor Ecosystems (Madrid, June 2016)
Farming Unicorns: Building Startup & Investor Ecosystems (Madrid, June 2016)Farming Unicorns: Building Startup & Investor Ecosystems (Madrid, June 2016)
Farming Unicorns: Building Startup & Investor Ecosystems (Madrid, June 2016)
 
Farming Unicorns: Building Startup & Investor Ecosystems (Dublin, June 2016)
Farming Unicorns: Building Startup & Investor Ecosystems (Dublin, June 2016)Farming Unicorns: Building Startup & Investor Ecosystems (Dublin, June 2016)
Farming Unicorns: Building Startup & Investor Ecosystems (Dublin, June 2016)
 
500 Startups / Batch 16 Demo Day (Q1/2016 update)
500 Startups / Batch 16 Demo Day (Q1/2016 update)500 Startups / Batch 16 Demo Day (Q1/2016 update)
500 Startups / Batch 16 Demo Day (Q1/2016 update)
 
Startup Metrics for Pirates (FounderX, May 2016)
Startup Metrics for Pirates (FounderX, May 2016)Startup Metrics for Pirates (FounderX, May 2016)
Startup Metrics for Pirates (FounderX, May 2016)
 
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
 
How to Win Friends, Influence People, and Get a Better Valuation with Emoji, ...
How to Win Friends, Influence People, and Get a Better Valuation with Emoji, ...How to Win Friends, Influence People, and Get a Better Valuation with Emoji, ...
How to Win Friends, Influence People, and Get a Better Valuation with Emoji, ...
 

Último

The Benefits of SaaS. What is field service software?
The Benefits of SaaS. What is field service software?The Benefits of SaaS. What is field service software?
The Benefits of SaaS. What is field service software?Managry
 
7 Tips for Using a Mobile Clock-In App for Remote Employees
7 Tips for Using a Mobile Clock-In App for Remote Employees7 Tips for Using a Mobile Clock-In App for Remote Employees
7 Tips for Using a Mobile Clock-In App for Remote EmployeesManagry
 
Tuzapay Limited Digital Transformation.pptx
Tuzapay Limited Digital Transformation.pptxTuzapay Limited Digital Transformation.pptx
Tuzapay Limited Digital Transformation.pptxevancegitahi
 
Analysis Of FaarmTech | BBA | Business Plan
Analysis Of FaarmTech | BBA | Business PlanAnalysis Of FaarmTech | BBA | Business Plan
Analysis Of FaarmTech | BBA | Business Planmohsinrai101
 
Tactics and tools to support remote workers
Tactics and tools to support remote workersTactics and tools to support remote workers
Tactics and tools to support remote workersManagry
 
Preventing Timesheet Fraud Strategies for Ensuring Accuracy and Compliance
Preventing Timesheet Fraud Strategies for Ensuring Accuracy and CompliancePreventing Timesheet Fraud Strategies for Ensuring Accuracy and Compliance
Preventing Timesheet Fraud Strategies for Ensuring Accuracy and ComplianceManagry
 
Path to Traditional Pub - BookFest 2024 presentation - 03-23-2024.pdf
Path to Traditional Pub - BookFest 2024 presentation - 03-23-2024.pdfPath to Traditional Pub - BookFest 2024 presentation - 03-23-2024.pdf
Path to Traditional Pub - BookFest 2024 presentation - 03-23-2024.pdfContent Strategy Inc.
 
How To Get Rich With Bitcoin Even If You Have No Clue About Technology
How To Get Rich With Bitcoin Even If You Have No Clue About TechnologyHow To Get Rich With Bitcoin Even If You Have No Clue About Technology
How To Get Rich With Bitcoin Even If You Have No Clue About Technologyzaidashadali00
 
Expense Management Maximizing Efficiency for Business Success
Expense Management Maximizing Efficiency for Business SuccessExpense Management Maximizing Efficiency for Business Success
Expense Management Maximizing Efficiency for Business SuccessManagry
 
HDPE Pipe Fittings Manufacturer and Supplier
HDPE Pipe Fittings Manufacturer and SupplierHDPE Pipe Fittings Manufacturer and Supplier
HDPE Pipe Fittings Manufacturer and SupplierBhavin Kanani
 
What is the Best Way to Track Employee Vacation Time?
What is the Best Way to Track Employee Vacation Time?What is the Best Way to Track Employee Vacation Time?
What is the Best Way to Track Employee Vacation Time?Managry
 
How to track billable hours - a step-by-step guide
How to track billable hours - a step-by-step guideHow to track billable hours - a step-by-step guide
How to track billable hours - a step-by-step guideManagry
 

Último (12)

The Benefits of SaaS. What is field service software?
The Benefits of SaaS. What is field service software?The Benefits of SaaS. What is field service software?
The Benefits of SaaS. What is field service software?
 
7 Tips for Using a Mobile Clock-In App for Remote Employees
7 Tips for Using a Mobile Clock-In App for Remote Employees7 Tips for Using a Mobile Clock-In App for Remote Employees
7 Tips for Using a Mobile Clock-In App for Remote Employees
 
Tuzapay Limited Digital Transformation.pptx
Tuzapay Limited Digital Transformation.pptxTuzapay Limited Digital Transformation.pptx
Tuzapay Limited Digital Transformation.pptx
 
Analysis Of FaarmTech | BBA | Business Plan
Analysis Of FaarmTech | BBA | Business PlanAnalysis Of FaarmTech | BBA | Business Plan
Analysis Of FaarmTech | BBA | Business Plan
 
Tactics and tools to support remote workers
Tactics and tools to support remote workersTactics and tools to support remote workers
Tactics and tools to support remote workers
 
Preventing Timesheet Fraud Strategies for Ensuring Accuracy and Compliance
Preventing Timesheet Fraud Strategies for Ensuring Accuracy and CompliancePreventing Timesheet Fraud Strategies for Ensuring Accuracy and Compliance
Preventing Timesheet Fraud Strategies for Ensuring Accuracy and Compliance
 
Path to Traditional Pub - BookFest 2024 presentation - 03-23-2024.pdf
Path to Traditional Pub - BookFest 2024 presentation - 03-23-2024.pdfPath to Traditional Pub - BookFest 2024 presentation - 03-23-2024.pdf
Path to Traditional Pub - BookFest 2024 presentation - 03-23-2024.pdf
 
How To Get Rich With Bitcoin Even If You Have No Clue About Technology
How To Get Rich With Bitcoin Even If You Have No Clue About TechnologyHow To Get Rich With Bitcoin Even If You Have No Clue About Technology
How To Get Rich With Bitcoin Even If You Have No Clue About Technology
 
Expense Management Maximizing Efficiency for Business Success
Expense Management Maximizing Efficiency for Business SuccessExpense Management Maximizing Efficiency for Business Success
Expense Management Maximizing Efficiency for Business Success
 
HDPE Pipe Fittings Manufacturer and Supplier
HDPE Pipe Fittings Manufacturer and SupplierHDPE Pipe Fittings Manufacturer and Supplier
HDPE Pipe Fittings Manufacturer and Supplier
 
What is the Best Way to Track Employee Vacation Time?
What is the Best Way to Track Employee Vacation Time?What is the Best Way to Track Employee Vacation Time?
What is the Best Way to Track Employee Vacation Time?
 
How to track billable hours - a step-by-step guide
How to track billable hours - a step-by-step guideHow to track billable hours - a step-by-step guide
How to track billable hours - a step-by-step guide
 

From 500 Startups to 500 VCs

  • 1. 500 Startups to 500 VCs Dave McClure January 2016 Honolulu, HI
  • 2. Dave McClure
 Founding Partner & Troublemaker, 500 Startups 00’s & 10’s: • VC: Founders Fund, Facebook fbFund, 500 Startups • Angel: Mashery, Mint.com, SlideShare, Twilio • Marketing: PayPal, Simply Hired, Mint.com 80’s & 90’s: • Entrepreneur: Aslan Computing (acq’d by Servinet/Panurgy) • Developer: Windows / SQL DB consultant (Intel, MSFT) • Engineer: Johns Hopkins‘88, BS Eng / Applied Math
  • 3. 500 Startups
 Global Seed VC Fund & Startup Accelerator • What is 500? • $200M under management • 100+ people / 20 Countries • 3,000+ Founders / 250+ Mentors • Capital, Education, Community • #500STRONG • 1400+ Portfolio Co’s / 50+ Countries • 3 Unicorns ($1B+) • Credit Karma • GrabTaxi • Twilio • 50+ exits • Wildfire (acq GOOG, $350M) • MakerBot (acq SSYS, $400M) • Viki (acq Rakuten, $200M) • 30+ Centaurs ($100M+) • Udemy • Ipsy • SendGrid • VivaReal • The RealReal • TalkDesk • Intercom • Virool • BarkBox
  • 4. This Talk is About… • Re-inventing a 50 year old sport • 500 Startups… WTF? • 99 VC Problems, But a Batch Ain’t 1 • MoneyBall for Startups: Lots of Little Bets • 500 VCs, 500 Funds
  • 5. Re-inventing a 50 year old sport: Venture Capital 2.0
  • 6. Football West Coast Offense Baseball MoneyBall Basketball 3 point revolution Venture Capital 500 Startups “Lots of little bets” 500 Strategy: MoneyBall for Startups Re-inventing a 50-year old sport
  • 7. Before & After 2 Dot-Com Crashes
 LEAN Startup: Simpler, Faster, Cheaper, Smarter Before 2000 Big, Fat, Dinosaur Startup • Sun Servers • Oracle DB • Exodus Hosting • 12-24mo dev cycle • 6-18mo sales cycle • <100M people online • $1-2M seed round • $3-5M Series A • Sand Hill Road crawl After 2008 Lean, Little, Cockroach Startup • AWS, Google, PayPal, FB, TW • Cloud + Open Source SW • Lean Startup / Startup Wknd • 3-90d dev cycle • SaaS / online sales • >3B people online • <$100K incub + <$1M seed • $1-3M Series A • Angel List global visibility
  • 8. Platforms 2.0
 Search, Social, Mobile, Video, Messaging
  • 9. Changes in Tech Startups • LESS Capital required to build product, get to market – Dramatically reduced cost for servers, software, bandwidth – Funding Platforms: KickStarter, Angel List, Funders Club, etc – Access to online platforms for 100M-1B+ consumers, smallbiz, etc • MORE Customers via ONLINE platforms (100M+ users) – Search (Google, Baidu) – Social (Facebook, Twitter, LinkedIn, SnapChat, Instagram) – Mobile (Apple, Android) – E-Commerce (Amazon, Ebay/PayPal, Alibaba) – Media (YouTube, Pinterest, Instagram) – Comm/Msgs (WeChat, WhatsApp, Line, SnapChat, Email, Voice, SMS, etc) • LOTS of little bets: Accelerators, Angels, Angel List, Small Exits – Capital + Co-working + Mentoring -> Design, Data, Distribution – “Fast, Cheap Fail”, network effects, quantitative + iterative investments
  • 11. 500 Startups Mission 1. Find Smart People. 2. Give Them Money. 3. Wait for Good Shit to Happen.
  • 13. 500 Startups Mission • Provide capital, community, education to smart people (founders, investors) • Build functional startup ecosystems (founders, team, angels, accelerators, VC funds, capital, exits, liquidity, etc) • #HFGSD: Have Fun, Get Shit Done.
  • 14. 500 Startups History: What a Long Strange Trip It’s Been
  • 15. Year People Locations AUM $ Companies 2010 5 MV 10 75 2011 10 BRZ 30 250 2012 15 MX, IND 50 450 2013 30 CHN, SEA 75 650 2014 50 SF, MENA 125 900 2015 100 Korea, UK, Thailand, Vietnam, Germany, Israel, MENA, Japan, Turkey, E. EU 200 1400 2016 150+ +10-20 More ??? 2000+ 500 Startups History: What a Long Strange Trip It’s Been
  • 16. 500 Startups: a Platform made of People #500STRONG #500LOVE #HFGSD
  • 17. 100 People, 20 Countries, 25 Languages
  • 22. Q: Chances of spotting unicorn?/ a) 1% b) 2% c) 5% d) 10% e) ZERO
  • 24. If portfolio size = 15 companies/
  • 25. / If portfolio size = 30 companies
  • 26. / If portfolio size = 100 companies
  • 27. 500 Strategy: MoneyBall for Startups “Lots of Little Bets”
  • 28. 500 Strategy: Lots of Little Bets* 1) make lots (>100) of investments in early- stage startups 3) wait 3-10 years for returns: -10-20% small exits @1-5X (<25M+) -5-10% larger exits @5-20X ($25-250M+) -1-2% unicorns @20-50X+ (>$250M-1B+) *See Peter Sims book: “Little Bets” 2) over next 2 years, double- down on top 20%
  • 29. Building Tech Startups Make lots of little bets: • Start with many small “experiments” • Filter out failures + small wins • Double-down on stuff that looks like it’s working • Incubation: $0-100K (“Build & Validate Product”) • Seed: $100K-$1M (“Test & Grow Marketing Channels””) • Venture: $1M-$10M (“Maximize Growth & Revenue”)
  • 30. Startup Risk Reduction Concept Early Customer Usage Scalable Customer Acquisition [about to be] Profitable Unit Economics Scalable Profitable Business Functional Prototype PRODUCT MARKET REVENUE Exit? When 500 Likes to Invest
  • 31. Investment Stage #1: 
 Product Validation + Customer Usage • Structure – 1-3 founders – $25-$100K investment – Incubator environment: multiple peers, mentors/advisors • Test Functional Prototype / “Minimum Viable Product” (MVP): – Prototype->Alpha, ~3-6 months – Develop Minimal Critical Feature Set => Get to “It Works! Someone Uses It.” – Improve Design & Usability, Setup Conversion Metrics – Test Small-Scale Customer Adoption (10-1000 users) • Demonstrate Concept, Reduce Product Risk, Test Functional Use • Develop Metrics & Filter for Possible Future Investment
  • 32. Investment Stage #2: 
 Market Validation + Revenue Testing • Structure – 2-10 person team – $100K-$1M investment – Syndicate of Angel Investors / Small VC Funds • Improve Product, Expand Customers, Test Revenue: – Alpha->Beta, ~6-12 months – Scale Customer Adoption => “Many People Use It, & They Pay.” – Test Marketing Campaigns, Customer Acquisition Channels + Cost – Test Revenue / Unit Economics, Find Profitable Customer Segments • Prove Solution/Benefit, Assess Market Size • Test Channel Cost, Unit Economics, Revenue Opportunity • Determine Org Structure, Key Hires
  • 33. Investment Stage #3: 
 Revenue Validation + Growth • Structure – 5-25 person team – $1M-$10M investment – Seed & Venture Investors • Make Money (or Go Big), Get to Sustainability: – Beta->Production, 12-24 months – Revenue / Growth => “We Can Make (a lot of) Money!” – Mktg Plan => Predictable Channels / Campaigns + Budget – Scalability & Infrastructure, Customer Service & Operations – Connect with Distribution Partners, Expand Growth • Prove/Expand Market, Operationalize Business • Future Milestones: Profitable/Sustainable, Exit Options
  • 34. Legal review Partner approval Angel Pre-Seed Seed Post-Seed Series A/B Growth Accelerator Seed “Distro" Follow-On Selection Criteria – Data-Driven Process Based on Pre-defined Metrics • Product or service solves a problem for a specific target customer • Capital-efficient business; operational at less than $1M in external financing • Scalable internet-based distribution (search, social, mobile) or proven ability to scale sales • Functional prototype required before investing (or previous product success) • Measurable traction: engaged users, some revenue, and attractive unit economics • Cross-functional team with design, engineering and marketing expertise How 500 Invests: Accelerator, Seed, Distro
  • 36. We live in a World of ABUNDANCE • There are LOTS of talented people in the world • There are LOTS of entrepreneurs everywhere • There is a LOT of capital sitting around, BUT…. • Not much is available for un-tested entrepreneurs :( • 500 Startups plans to change that.
  • 37. Who, What is an Entrepreneur?
  • 38. Who/What is an Entrepreneur? • someone who WANTS to start a business • someone who can RUN a business • someone who can run a SUSTAINABLE business • someone who can run a PROFITABLE business that creates VALUE & employs LARGE # people • someone who can run a $10M/yr business that employs 100+people
  • 39. How Big Is The Market? Q: How Many Entrepreneurs? • How Many People = 7,000,000,000 on earth • 1% of Humanity is Entrepreneurial = 70,000,000 founders • Live 70 years, try at least once = 1,000,000 founders / year • How Much Do They Need? Zero? $100K? $1M? $10M? • How Big is the Market = 1M founders x $10M = $10 TRILLION / year • Come on, REALLY? (ok Divide by 100) • 100,000 founders / year * $1M each = $100 BILLION / year
  • 40. How Many VCs? • How Many Founders? 1,000,000 founders / year • (ok, divide by 100, let’s say 10,000 founders / year) • 1 VC can make 20 investments / year • 10,000 founders / 20 deals per VC = 500 VCs
  • 41. How to Become a VC • Option 1: Go to Harvard/Stanford/Wharton, Get MBA, Become VC Associate, Work at McKinsey / Google / Facebook, Re-Join VC as Junior Partner or Partner • Option 2: Start a Startup, Grow Really Big, Sell for $1B+, Join VC as Partner • Option 3: Wander around lost in the forest, Work Your Ass Off for 25 yrs, do some angel investing, Start your own Firm
  • 42. 500 Startups + Stanford University Investor Education Program #Venture Capital Unlocked: Learn best practices of Silicon Valley Investing #Startup Accelerator: Build your own accelerator with 500 Startups #VC/Angel 101: How to build an early-stage investment thesis #500VCs
  • 43. How to build investment thesis Meet REAL startup founders and conduct selection Connection with Silicon Valley investors and mentors Legal docs: cap table and standard terms How to generate deal flow Trends and relevant area of investments 500 Startups + Stanford University Investor Education Program #500VCs
  • 44. Feb 8th-19th 2016 @ Stanford+500 signup NOW: 
 http://500.vc 500 Startups + Stanford University Investor Education Program #500VCs
  • 45. Questions? Comments? Heckles? • More? – http://500.co (our company) – http://500hats.com (my blog) – https://angel.co/500startups (our fund) – Dave McClure, @DaveMcClure