The 500 Startups Accelerator is currently accepting applications for its 4-month accelerator programme in San Francisco, California.
20 Jun 2016
$100,000 net investment in return for 5% of your company.
The investment is structured as a convertible security (which is like a convertible note, but doesn’t accrue interest and doesn’t require payback in the future).
This convertible security has certain special rights for 500 Startups, including a $500k follow-on right (or 20% of your next priced round, whichever is lower) which expires after the closing of your next priced round.
They also provide Seed/Series funding for startups with traction through investments that range from $50,000-$500,000.
Mentorship: Access to the 500 Partners, seasoned entrepreneurs, experienced investors, or individuals with considerable expertise in their field to give feedback and offer you guidance. There will also be numerous talks and fireside chats by speakers including top domain experts on important topics such as distribution, design, data, fundraising, and more.
Access to the 500 Family - the 500 Startups network which consists of over 1000 company founders and over 200 mentors who come from diverse backgrounds, areas of expertise, and locations.
Help with Distribution and growth tactics such as trigger emails, event-based analytics, SEO and paid ads.
Brand and PR: 500 Startups is ranked as one of the top 5 accelerator programs worldwide and organises events and conferences throughout the year that are consistently sold out, which can provide exposure and visibility for your company.
Co-working Spaces: A 10,000 sq ft office in the heart of downtown Mountain View, California. During the 500 Accelerator, you’ll work in either the Mountain View or San Francisco office, along with your batchmates.
Note that while some organisers may accept applications from all around the world, you may still be required to travel to the host country in order to take part in the later stages of a competition for instance, or you may be required to live there for a period of time to take part in a funded programme (e.g. scholarship, incubator, accelerator).