Dave McClure

Dave McClure is a highly influential figure in the venture capital ecosystem, best known as the founder of 500 Startups, now rebranded as 500 Global. Launched in 2010, 500 Startups quickly emerged as one of the most prolific seed-stage venture funds and accelerators worldwide, fundamentally shaping how early-stage companies are funded and supported. McClure's entrepreneurial journey in Silicon Valley spans over two decades, encompassing roles as an entrepreneur, angel investor, and venture capitalist, with a particular focus on internet and software companies. His approach emphasized a high-volume, data-driven investment strategy, aiming to identify and scale promising startups globally.

Under McClure's leadership, 500 Startups became renowned for its global footprint and commitment to diversity, investing in a vast array of companies across numerous countries. The firm's model combined a startup accelerator program with a venture fund, providing capital, mentorship, and a strong community to nascent businesses. By 2020, 500 Startups had invested in over 2,500 companies in more than 75 countries, demonstrating an unparalleled reach in the seed investment landscape. This expansive portfolio included startups in diverse sectors such as SaaS, fintech, e-commerce, and mobile applications, often with a focus on underserved markets and founders.

Dave McClure's investment philosophy centered on providing relatively small initial checks to a large number of companies, often around $50,000 to $250,000 for accelerator participants, with the potential for follow-on investments. This strategy allowed 500 Startups to build a highly diversified portfolio, mitigating risk while maximizing exposure to potential breakout successes. While his primary investment vehicle was 500 Startups, his later work with Practical Venture Capital continues his mission of fostering innovation, albeit with a focus on educating and supporting emerging fund managers. His legacy is marked by his pioneering efforts in democratizing access to venture capital and fostering a global startup ecosystem.