Given 500’s mission to back entrepreneurs globally, we strive to go where other investors rarely venture. Several years ago, Vietnam was not an obvious tech investment destination: the country was poor (GDP per capita was barely over US$2k, according to the World Bank), fraught with bureaucracy, and struggling to create an ecosystem for the few, disconnected founders and even fewer active angels and VCs. But entrepreneurial folks did see elements of something special: a fast-growing economy; a substantial supply of low-cost, high-tech talent; and a broad & experienced Vietnamese diaspora increasingly interested to reconnect with and contribute to the country. A new wave of tech founders decided to take the plunge. Despite — or because of — the lack of … Read More The post 500 Startups Vietnam Holds Oversubscribed Final Close (Pho Real!) appeared first on 500 Startups.
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In our pre-revenue series, we take a look at the businesses with minimal sales histories that nevertheless have the potential to fly. E-learning, classes and lectures could be vastly improved. That’s the view of Rhizome Live – a new online learning site. CEO Nic Pillow wants to upgrade face-to-face and online training so that students The post Pre-revenue business: Nic Pillow, CEO of Rhizome Live appeared first on Small Business.
In Borderless Blockchain, We Trust. We are excited to partner with OK Blockchain Capital who shares 500 Startups’ vision in discovering and backing the world’s most talented blockchain entrepreneurs from all over the world. As the strategic partner of OKCoin and OKEX a top global digital asset exchange with over $1 billion in daily trading volume, OK Blockchain Capital is focused on helping blockchain innovators through both direct funding and ecosystem support. Launched in 2017, OK Blockchain Capital’s current investments include Perlin, Ankr, Merculet, and Vite. Building on OK Group’s experience in blockchain research, vast network, and expertise in building successful blockchain companies, OK Blockchain Capital is devoted to fueling the next generation of innovators. We understand the challenges entrepreneurs … Read More The post Meet OK Blockchain Capital – 500 Startups’ Newest Corporate Partner in the Blockchain World appeared first on 500 Startups.
Rina co-founded and exited from Peak Games (a leading mobile social gaming company) and Hemenkiralik.com (first vacation rental network of Turkey). She is the General Partner of 500 Istanbul, 500’s thematic fund focused on backing exciting startups from Turkey/Turkic region and the diaspora. Starting out as a PE investor, then turned entrepreneur, she has made it full-circle back to the “dark side.” Why did you join 500? I started two companies in Turkey before I became an early stage investor and joined 500. I built my first company when I was 24 years old. Along the way, I met incredible people including a couple of investors who took a huge bet on a young, first-time female entrepreneur from an emerging … Read More The post Investor Spotlight: Rina Onur appeared first on 500 Startups.
Turkey, once the leading startup ecosystem in the region with its vibrant local market, now seems to lag behind newcomers like Slovenia, Greece, Romania and the UAE. Overlooked and buried under the macro trends, the Turkish ecosystem is in the midst of a transition and about to make a tremendous leap forward. Political challenges and a turbulent local market pushed a new generation of entrepreneurs to pursue their passions globally and create market-independent businesses following a model similar to Israel, Estonia or Sweden. These third wave entrepreneurs are now re-building the ecosystem from the ground up. Early signs of entrepreneurial success and market readiness The first wave of internet entrepreneurs in Turkey started at the end of the 1990s and … Read More The post Turkish Ecosystem: The Rise of Third Wave Entrepreneurs appeared first on 500 Startups.
Finding ways to make money online can be challenging especially if you’re looking for international work at home. You have to determine what’s legit or not. Furthermore you have to see if the opportunities are worth your time. It’s like a full time job. But this situation is even worst if you live outside the […]
Photo of Carousell’s founders giving Khailee Ng, Managing Partner of 500 Startups, a T-shirt as VC initiation back in 2013 when 500 Startups invested in Carousell’s first round of financing. 500 has ambitions to be the most global Silicon Valley VC firm and invest in companies at the early stages. However, I wanted to take time to explain the larger-than-usual follow-on checks that we have been cutting. Recently, 500 wrote a $20 million follow-on check into Singapore-based Carousell’s recent $85M Series C. Earlier in the year, we led and filled an entire Series B of $13.3M for one of Japan’s hottest startups, SmartHR. We have historically doubled down on many of our top investments, but not at these check sizes. … Read More The post Why we’ve been cutting really large follow-on checks appeared first on 500 Startups.
Successful online ecommerce startups almost always can attribute their success to an ability to find and target new markets and audiences for their products. They are able to do this because they have the ability to differentiate themselves from competitors and more importantly they are able to successfully establish themselves in the new markets they […] The post How US Ecommerce Startups Can Easily Expand International Markets appeared first on SmallBizClub.