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Persistence is Key: Advice from a Former 500 Founder

Hey there, My name is Aaron and I’m a Venture Partner here at 500 Startups. I also run the batch application squad, which is why I’m here to tell you… Applications for Batch 24 in San Francisco are now open! I know what you’re thinking: “we’ve been through this.” You’ve applied before, waited patiently, and you were told something along the lines of “Maybe-next-time.” Maybe this made you upset, or sad, or maybe you swore an oath to do whatever it takes to avenge our response. Look, I get it—putting yourself (and your startup) out there over and over again is friggin’ hard and, as always, there are no guarantees. But before you close this page, let me tell you three … Read More The post Persistence is Key: Advice from a Former 500 Founder appeared first on 500 Startups.

Investor Spotlight: Rebecca Woodcock

Rebecca is an Entrepreneur-in-Residence and Venture Partner at 500 Startups. In 2011, she launched a health tech startup called CakeHealth as a TechCrunch DISRUPT finalist to help individuals track their healthcare expenses without the paperwork. After exiting CakeHealth in 2015, she joined 500 Startups to lead health tech investments for the accelerator program in San Francisco.  Rebecca was an advisor to the Obama administration for health data standards and was also recognized as one of 70 Digital Leaders by the United Nations in 2015. She has been featured in publications like Forbes and Inc. Magazine. Why did you join 500? I first joined the 500 family as a founder in 2011, when 500 Startups invested in my company, CakeHealth. I immediately saw how … Read More The post Investor Spotlight: Rebecca Woodcock appeared first on 500 Startups.

Arrogance is Killing Blockchain Companies

The deadliest sin for startups is arrogance. Founders often approach us convinced that they have product market fit, sales forecasts for millions in revenue, “hack proof” systems, and simple plans for hiring hundreds of “top 1%” employees, sometimes without any evidence to back it up. A startup’s survival depends on a founder’s ability to stay humble. That means keeping an open mind, asking the right questions, and verifying the answers until the data — not just blind faith — proves out your hypothesis. Don’t be afraid to seek out help, and even to use creative methods to get what you need. Everyone needs help (including us), and the winners in this game have the courage to ask. Over the last seven … Read More The post Arrogance is Killing Blockchain Companies appeared first on 500 Startups.

The New Batch On The Block: 500 Startups Batch 23 Companies

500 Startups is excited to announce our latest batch from our flagship Seed Accelerator, this time welcoming not only a new cohort of 17 companies, but also a Blockchain track! Based out of our San Francisco HQ, Batch 23 will feature three tracks: Digital Health (22%), Blockchain (17%) and FinTech (17%). Accompanying these tracks are B2B, B2C, SaaS, and e-commerce companies, ranging from AI-driven legal services to biodegradable pour-over coffee technology. Our global outlook when discovering and backing talented entrepreneurs has again, helped form a diverse cohort. 50% of the companies are based outside of the United States include founders from countries such as the United Arab Emirates, Turkey, China, Canada, Egypt, South Korea, and Lebanon. 33% are of Asian … Read More The post The New Batch On The Block: 500 Startups Batch 23 Companies appeared first on 500 Startups.

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