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500 Startups

McClure raises $30m for new fund called ‘500 Startups’

30 Jul, 2010

SEC filings show McClure has raised $30m for his new fund, which will be called “500 Startups”.

McCLURE: 500 Startups is a new, edgy, risk taking seed fund which invests in early stage consumer internet companies. Incubator/seed investment funds are popping up left and right and we’re looking to differentiate ourself through edgier design. Our founder likes to swear. In public. A lot. Think Ari Gold, but for tech companies and without a suit.

We are not — *not* — your typical fund composed of a bunch of stiff white guys sitting around a board table. We’re young. We’re diverse (Women! People of color!). Our investments are blustering balls of sleepless eagerness, And the markets we’re looking to dominate are murky and emergent.