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April 7, 2012 06:17 am GMT

Dave McClure On Whats Next For 500 Startups [TCTV]

15721v4-max-250x250Today was a pretty big day for 500 Startups, the Silicon Valley seed venture capital firm and startup accelerator founded by outspoken tech investment extraordinaire Dave McClure. The firm disclosed in a regulatory filing that it's halfway finished raising a brand new $50 million round of funding, the second in its two-year history and a significant step up from the $29 million investment that it raised in its first round. 500 Startups also named four new partners -- Paul Singh, Christen O'Brien, Bedy Yang, and George Kellerman -- who will help select and manage the more than 100 investments that the firm makes each year.So we were very happy to have McClure as a guest today on TechCrunch TV. Because of regulatory limitations on what companies can say while they're in the process of raising funding, his hands were tied on lots of topics on the details of the new fund -- but we were still able to get some great details from him on the future direction of 500 Startups and the venture funding world in general.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Q4GAGmHZ7X0/

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