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500 Startups

The Ultimate Guidelist for Startups applying to 500 Startups Accelerator

Recently I wrote a guidelist for startups applying to Y Combinator. As a 500 Startups founder I felt obliged to create a guidelist for 500 Startups.

500 Startups is a Silicon Valley venture capital seed fund & startup accelerator. Has invested in over 800 companies in 40+ countries, and receives thousands of applications from startups who compete for 30 spots in their accelerator every quarter.500 Startups run an incubation and accelerator program emphasizing design & user experience, distribution & customer acquisition, and lean startup practices & metrics. Investment team and mentor network has operational experience at companies including PayPal, Google, YouTube, Yahoo, AOL, Zynga, LinkedIn, Twitter, Apple & Facebook. 

500 Startups seed fund usually invests between $25K-$100K on the 1st check, and between $100K-$500K on following checks.

500 Startups accelerator is a fast-paced program hosted in San Francisco, Mountain View and Mexico city for 4 months. The standard terms for San Francisco & Mountain View accelerator are $100k in exchange for 7%, and charges a $25k program fee for a net $75k investment. Standard terms for the Mexico city accelerator are $50k in exchange for 10%, and charges a $15k program fee for a net $35k investment.

One of the biggest benefits of going through the 500 Startups Accelerator program is having access to knowledgeable mentors. As founders going through the program, you will have access to the 500 Partners, seasoned entrepreneurs, experienced investors, or individuals with considerable expertise in their field to give feedback and offer you guidance. These mentors include top domain experts on important topics such as distribution, design, data, fundraising, and more.

From week to week, you’ll be exposed to a number of awesome talks, office hours, events, and hands-on mentorship in distribution, customer acquisition, metrics, design and UX, fundraising, PR, business development, and more. Here is a glimpse of what usually happens every week , but not limited to

  •   Weekly roundup meetings with all hands to report wins and losses.
  •   Direct points of contact with appointed 500 Startups partners or EIRs for advice and mentorship.
  •   Weekly fireside breakouts, collaborative lunches, and brainstorming sessions.
  •   Weekly inspiration talks with founders and CEO’s of successful tech companies (Box and Mailchimp to name a few).

500 Startups accepts application through AngelList.

 

FAQ & APPLICATION PROCESS

 

INTERVIEW

 

MENTORS

 

GENERAL ADVICE AND EXPERIENCE

 

HOW WE GOT INTO 500 STARTUPS – HUSTLE STORIES

 

DEMO DAY/PREVIEW DAY

 

EVENTS

500 Startups organizes a ton of events every year, which is a great way to meet 500 Startups Partners, founders and mentors.

 

OTHER RESOURCES

 

Hope it helps and Good Luck if you are applying to 500 Startups. If you have written any blog post talking about your 500 Startups experience, advice for the application or about the interview process please let me know in the comments below.

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