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500 Startups is an early-stage venture fund and seed accelerator founded by Dave McClure and Christine Tsai in 2010. The fund admitted a first “class” of twelve startups to its incubator office in Mountain View, California in February, 2011.

A ‘startup’ is a company that is confused about

A ‘startup’ is a company that is confused about: 1. What its product is. 2. Who its customers are. 3. How to make money. —Dave McClure, 500Startups co-founder