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April 11, 2011 07:37 am GMT
After 500 Startups Demo Day on Thursday, I sat down to talk to investor Dave McClure about the strategy and vision behind the early stage seed fund and accelerator program, which he hopes will eventually encompass 500 actual startups (currently the portfolio is at around 210).In the interview McClure talks about the perfect formula for a startup (hacker + hustler + designer) and why the three Ds -- Design, Data and Distribution -- are important for young companies. He says that the fund basically makes its $25K to $250K bets on companies with simple revenue models, "Things that are easily understood and make money."
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/n9QS8Cy_LSA/
Dave McClure On 500 Startups: "If Sequoia Is The Yankees, We're The Oakland A's"
After 500 Startups Demo Day on Thursday, I sat down to talk to investor Dave McClure about the strategy and vision behind the early stage seed fund and accelerator program, which he hopes will eventually encompass 500 actual startups (currently the portfolio is at around 210).In the interview McClure talks about the perfect formula for a startup (hacker + hustler + designer) and why the three Ds -- Design, Data and Distribution -- are important for young companies. He says that the fund basically makes its $25K to $250K bets on companies with simple revenue models, "Things that are easily understood and make money."Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/n9QS8Cy_LSA/
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