Dave McClure, one of the most active early stage investors in Silicon Valley, is trying to add to his arsenal.
McClure's incubator and seed fund, 500 Startups, revealed today in an SEC filing that it's raising a new fund. The target size for the new fund: $50 million fund. That's not a lot for a VC fund, but for a fund like McClure's it represents a lot of investments. He plows an average of $50,000 into about two startups a week. To date, 500 Startups has made about 260 investments, including Twillio, Hipster and Udemy.… Read more