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August 7, 2012 08:00 pm GMT
Dave McClure's 500 Startups has pretty much always been interested in world domination. Now it's taking one step closer, by teaming up with the Latin America startup accelerator Mexican.VC. By doing so, 500 Startups will gain an even stronger foothold in the LatAm market, as it brings Mexican.VC partners Csar Salazar and Santiago Zavala onto the team, making them its venture partners in Mexico.The move comes as 500 Startups is looking to accelerate its international investments. Already, a significant portion of its portfolio companies came from outside the U.S.: According to McClure, about 10 percent of the investments in its first fund were international companies. But with its new, $50 million second fund, 500 Startups wants to increase that even further, with about 25 percent of the fund going to companies overseas.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/hlcsxZP0lzY/
Seeking World Domination, 500 Startups Snaps Up LatAm Startup Accelerator Mexican.VC
Dave McClure's 500 Startups has pretty much always been interested in world domination. Now it's taking one step closer, by teaming up with the Latin America startup accelerator Mexican.VC. By doing so, 500 Startups will gain an even stronger foothold in the LatAm market, as it brings Mexican.VC partners Csar Salazar and Santiago Zavala onto the team, making them its venture partners in Mexico.The move comes as 500 Startups is looking to accelerate its international investments. Already, a significant portion of its portfolio companies came from outside the U.S.: According to McClure, about 10 percent of the investments in its first fund were international companies. But with its new, $50 million second fund, 500 Startups wants to increase that even further, with about 25 percent of the fund going to companies overseas.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/hlcsxZP0lzY/
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