By guest authors Irina Patterson and Candice Arnold This is the thirtieth interview in our series on financing for entrepreneurs. I am talking to Dave McClure, an angel investor and the founder of 500 Startups, which is a seed fund and startup accelerator based in Mountain View, California. Irina: Hi Dave, Let’s start briefly with
By guest authors Irina Patterson and Candice Arnold Irina: What are your other notable investments? Ira: I recently invested in a company called SURGiVIEW, which has an inexpensive way for surgeons to archive the videos of their surgeries and also to remotely broadcast the surgeries to other parts of the world. I invested in a
By Sramana Mitra and guest author Shaloo Shalini SM: Next in our discussion, I would like to explore entrepreneurial opportunities from your point of view in the supply chain domain. I am talking about the supply chain in general, and it sounds like you are reasonable experts in this domain. Where do you see entrepreneurial
By guest author Nalini Kumar Muppala NFC: We Need Innovative Use Cases People need an incentive to embrace a new technology. By far, the biggest hurdle to NFC adoption is the absence of a compelling service. NFC should be used to make interacting with technology intuitive and natural.
By guest authors Irina Patterson and Candice Arnold Irina: What do you do with the companies you don’t invest in? Ira: We try to refer them to somebody else who may have an interest for one reason or another. Sometimes a company’s too late stage for us and we’ll refer it. Often times we’ll put
By Sramana Mitra and guest author Shaloo Shalini SM: Can you talk to me about the supply chain operations reference (SCOR) models? SS: The SCOR people have a relationship with the Automotive Aftermarket Industry Association (AAIA), and we are close to AMR, which is now part of Gartner. The AMR people think we can help
By guest authors Irina Patterson and Candice Arnold Irina: How much do you usually invest in a company? Ira: I typically invest $25,000. Sometimes it’s as low as $10,000. A few times it’s been $50,000 to $100,000, but it’s usually $25,000. Our group tends to invest somewhere between $300,000 and $750,000, as a group. Irina:
By guest author Irina Patterson Irina: How many investments do you have in your portfolio right now? Liz: We have nine. Irina: What stage of business development you usually invest in? Liz: Early. But they have to have a customer and the product. We do not do R&D. And frankly, the customer doesn’t necessarily have