Angel investor Dave McClure said to be "actively investing all over the world"
Dave McClure, founder of business incubator 500 Startups is said to be "actively investing all over the world, with a few venture partners investing in Brazil, Mexico and India."
According to a recent interview with McClure, 500 Startups spreads its influence around the world working with local venture partners in each new region. For example for Mexico, 500 Startups acquired Mexican VC last August to help them keep an eye on investments in Mexico. Then in October, 500 Startups welcomed New York based Shai Goldman as well as India based Pankaj Jain to the 500 Startups family. Both Shai and Pankaj are now helping 500 Startups to invest in companies based in New York and India.
“We have, as of this week, probably ten people doing investing literally all over the world, and most of the folks are here in Silicon Valley, a few of them are in Brazil, Mexico and India, and actually probably very soon now, in China and maybe Southeast Asia.”
So does this mean that 500 Startups will announce their venture partner in China and Southeast Asia soon? Which countries would they be based in? For Southeast Asia, we wouldn’t be surprised if they set up a local presence in Singapore, particularly because Singapore is the hub for Southeast Asia. This will make it easier for 500 Startups to gain access to startups in the region, especially in key countries such as Thailand, Vietnam as well as Indonesia.
Dave McClure is an entrepreneur and prominent angel investor based in the San Francisco Bay Area, who founded and runs the business incubator 500 Startups. He is often described as one of the super angel investors. Wikipedia
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