The Ledger
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500 Startups has invested in over 100 Y Combinator companies
“We've been investors through our seed investment program in a bunch of YC companies, over a hundred. I think we're actually one of the top three or four investors in YC companies over the years.”
McClure passed on investing in Uber multiple times, starting at seed
“Clearly Uber was the deal that I totally fucked up. Travis gave me the opportunity to invest in June of... The reality is I didn't invest multiple times, not just in the seed realm, so it's probably my mistake multiple times over.”
McClure's angel portfolio returned 3x without any unicorn exits
“So in my angel investment portfolio, I made about 13 investments. I did some advisory work for a few other companies, but let's say it's maybe 15 companies. There were no unicorns in that group of companies, but I had three What we would call centaurs or a hun…”
500 Startups targets 1% to 5% ownership in seed rounds
“The typical ownership that we hold in most of our seed round investments is probably between one to five percent. Maybe a little bit higher in some of the international geographies where valuations are lower. For Accelerator, it might start at around five to s…”
McClure turned $300K across 13 angel deals into three $100M+ exits
“Started doing angel investing as I was leaving PayPal in 2004, kind of doing that part-time recreationally, I guess, but invested in about, I guess, about 13 companies over the next four years, put about 300,000, maybe total, and got a few wins out of that, I …”
McClure invested $25,000 into Mint.com's Series A round
“Mint.com, I guess, was probably a little bit competitive Certainly by the time the A round happened, I put about 25 K into the A round, but I'd already been, you know, helping the company here and there a little bit.”