500 Startups first Demo Day sprint is over and people are trickling out their rankings lists of the 23 startups, or "little monsters" as co-founder Dave McClure calls them. McClure, with a background in marketing, has a unique curator's eye, and his first batch of companies are an interesting brood, to say the least. Companies that are part of the 500 Startups accelerator program get a 50K investment from the fund at a $1 million valuation and can stay in the 500 Startups offices for 3-6 months. Companies that are part of McClure's seed program receive up to $250K in seed funding, and McClure has the option of following on in later rounds. All in all the 500 Startups investment stable includes 110 startups, including Twilio, inDinero and Foodspotting.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/diFS8GNwn8I/
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