Ep 99: 500 Startups with Dave McClure
March 17, 2015•50 min
Note: I want to apologize up front for the sound quality on this episode. We tried everything we could to get it as clear as possible but we thought this interview was so good we didn’t want to discard it.
Thanks in advance for struggling though – I promise it will be worth it.
Dave McClure has taken a slightly different path towards the funding of startups. He gets in early in a lot of company’s and expects about a third to fail.
He didn’t start investing as a venture capitalist until a little later in life and wasn’t sure if he was already too old.
Dave’s story runs through some of Silicon Valley’s best companies Facebook, PayPal, Mint.com, Simply Hired and others. So how did he deal with the fact that many of the people he worked side by side with wound up becoming billionaires?
By being so well connected and knowing so many people opens the door to a lot of opportunities but that doesn’t always mean your smart enough to pick the right ones.
Dave tells James the story of how he passed on being one of the first investors in Uber. He passed on the investment and that decision has probably cost him millions.
He tells James why he’s taking his company 500 Startups global. Valuations around the world are often cheaper outside the US but the real benefit may be to find companies that no one else is looking at.
Listen today to a great story of someone who may have started a little later in life but has built an amazing company
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