Showing posts with label 500 Startups. Show all posts
Showing posts with label 500 Startups. Show all posts

Sunday, April 10, 2011

Dave McClure's Incubator



Dave McClure is a dude to watch, sure. The guy is a major mover and shaker in the early stage game. You might not do business with him, you might not agree with him, but his insights are hard to ignore.

FoodSpotting's Dish As Starting Point

Image representing Foodspotting as depicted in...Image via CrunchBaseOkay, so I am breaking my April Fool promise of restraining from blogging about FoodSpotting.

Yesterday, or the day before, I read that both inDinero and FoodSpotting are Dave McClure companies. I kind of, sort of knew that. But it was one of those flash moments. I also have known FoodSpotting is an Angel List company.

But then I expect FoodSpotting's next round of funding to come from one of the major VC firms in the range of 10 to 20 million dollars, whenever that might be. In a year or less perhaps?

This reinforces my point that it is not either or. Old school VCs still matter, actually they matter big. But The Angel List, Y Combinator, TechStars, 500 Startups, they have changed the early stage game fundamentally, irrevocably. In short, they have innovated.

And FoodSpotting is proof. (Twitter ---> Instagram ---> FoodSpotting)