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500 Startups

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Last Updated: 02 July 2021

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500 Startups

TypeVenture capital firm
HeadquartersSan Francisco, California
Number of locationsGlobal
Key peopleChristine Tsai, Bedy Yang
Website500 .co
Twitter@500startups
Facebook500startups

Its that time of year again. When Startup founders fret for weeks on end as the long-awaited Demo Day approaches. Investors pore through lists of startups participating in various accelerator programs and have their associates ping dozens of founders for coffee meetings. Demo Day season is upon us. Soon Y Combinators, the latest cohort of Startups, will pitch to investors for two days, beginning August 19, and 500 Startups, another San Francisco-base accelerator program for early-stage companies, will host its own Demo Day on August 22. Well report Live from YCs Demo Day next month. For now, heres closer look at all the Startups finishing out 500 Startups ' latest program. As reminder, through its four-month seed program, 500 Startups seed fund invests 150 000 in participating companies in exchange for 6 % equity. Companies below include a mix of fintech, digital Health, edtech and e-commerce businesses, 33 % of which 500 Startups say are women-lead and 40 % have Black or Latinx founders. Alluva: Rewards individual users for their blockchain and crypto price predictions. AMPAworks: inventory management tool focuses on hospitals. Startup uses computer vision AI to track and manage inventory in real time. BeatDapp: Helps music labels and artists track their songs to collect royalties by providing real-time audit reports of streaming-play counts. BlackCart: try-before-you-buy app for fashion e-commerce stores. Blue Studios: Peloton of STEM education focuses on teaching 1 billion kids STEM skills. Blue Wire: sports podcasting network. Bytez: Helps developers and data scientists work faster. Chemtech: AI-product for manufacturing plant automatization. Crash: tool to help people launch their career. Curie: camera-base AI shopping assistant. Dispatchr: help electric utilities prevent wildfires, catastrophes and crippling outages. Docket: system of record and workflow management SaaS for legal teams. EINO: AI platform that produces predictive and historical insights on localized population movement and their intention in urban areas for enterprise business users. EZFarming: marketplace that helps farmers finance their business and sell their produce. FitzyTV: internet TV platform designed to help consumers watch and record all their streaming TV channels across multiple services. Gentem: tool that provides I nstant claims reimbursements for physicians. Glyph: digitally knit shoe company. Hearo Live: Turns passive media into a powerful, live social experience for games, sports, streaming and more. Heartex: Helps companies quickly build AI products and features. HYVE: helps users navigate their social media universe by allowing them to follow more people. InnerTrends: data science service for SaaS that uncovers insights into customer onboarding, retention and engagement without the need for data scientists. KIKI: first app that pays you for having fun. Social marketplace where you can meet people, and buy and share experiences with them. Lucidact Health: AI assistant for nurses and case managers to help them know what to do faster and eliminate errors. Nanno: first on-demand childcare app that lets parents book vet sitters nationwide.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

History

500 Startups last class will be presenting next week, which means the firm is already underway getting another new class up and running. The majority of startups in 20 Batch consist of digital Health, financial Technology and companies that supply Technology and address inefficiency within government. Its natural particularly timely. More than a third of companies in this Batch come from outside the US heres quick rundown of companies in Batch: AllVirtuous On-demand investigation platform to fight counterfeit products through crowdsourcing. Alta5 event-driven automation platform for trading financial markets. BenRevo Digitally connects insurance carriers, brokers, and employers. Bloom Credit takes a data driven approach to improving the financial health and eligibility of loan applicants. Boon AI-powered referral recruiting network that helps companies hire talent in their employees ' social networks. Cadence API for connecting language interpreters with businesses. Clanbeat ongoing feedback tool for monthly performance reviews target managers. Court Buddy tech platform that matches users with solo attorneys based on their budget. Cybewrite machine learning solution for cyber insurance underwriting and pricing. Digital Mortar Full customer path tracking for brick and Mortar retailers. EquitySim trains students to trade in financial markets, and uses machine learning to connect them with employers. FinCheck conversational finance bot. FriendlyData natural language interface for databases. Funderful Online fundraising software for universities. Govlist Optimizes government purchasing through document automation and analytics. Halo Home Smart Home security hyphen real-time, anonymous employee listening platform leveraging machine learning to provide timely recommendations to Management and HR. Littlefund Smart savings and gift tool for teaching children financial skills. Biomarker. Io monitoring and tracking platform that optimizes your wellness and supplements your routine. Mycroft is an open source alternative to Siri and Alexa. Nazar Agent-less database performance monitoring. Numina sensing platform that uses Computer vision to deliver real-time insights from streets and make cities more responsive. Obie Slackbot for accessing team data. Optimity reduces preventable drug claims costs for employers through digital Health coaching program. Orderly Health AI-power concierge to helps employees navigate their healthcare. Preteckt hardware and software solutions that use machine learning to predict vehicle breakdowns before they cost you money. Printivo One-stop Online print shop for African designers and businesses to order quality prints and marketing collateral. Raxar Technology Corporation is an intelligent data management platform that enables enterprise and government agencies to reduce costs, track critical assets, and optimize complex workflows. Regard offers income insurance online, enabling individuals to get cash benefits when theyre too sick or injured to work. SentiSum AI analytics solution helps enterprises leverage all their customer opinion data. Shoelace AI assistant that helps e-commerce merchants launch retargeting campaigns on social media. Skeyecode Authentication software is based on a new cryptography scheme. Text To Ticket Pays for user-submit videos that catch texting and driving in act. TopDocs software platform for hospitals to boost revenue from medical tourism. TrueCare24 One stop shop for complete medical care delivered to home for loved ones.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

OUR SPEAKERS

Speakers are the foundation of how we experience sound in today's world. From concerts and home music theaters to cellphones and over-ear headphones, sound from speakers come to surround the US in every sphere of life. However, core technology behind speakers has not changed for decades now, leaving the possibility open for newer designs to have their acoustic breakthrough. Brian Cho, 26, Christian Femrite, 22, Erikc Perez-Perez, 23, and Peter Moeckel, 21, recognize the stagnation of Speaker technology, creating Resonado to bring paradigm-shifting speakers to market. Resonado is an audio hardware startup that is attempting to disrupt the B2B Speaker market space with Flat Core Speaker technology. South Bend, Indiana-base Startup has raise 1. 14M to date from 500 Startups, Catapult Ventures, Connetic Ventures, Dorm Room Fund, OWL Investment, and Queen City Angels.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

Setting up a tech business

Marvin talked about challenges he thinks Ukraine faces regarding startups and innovation. In Ukraine, like many other countries in Central and Eastern Europe, there is a lot of technical talent, and many great engineers. This is a huge advantage and also necessary for the development of a startup-ecosystem, and this wealth of technical talent is the reason why there are so many outsourcing companies in Ukraine, but very few product companies. Marvin also notes that there is not enough expertise in disciplines like product, sales, marketing, and business development. This is what we should be learning more about in Ukraine to be able to build more successful businesses.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

Startup Incentives

Table

LOCATIONADDRESSCONTACT DETAILS
San Francisco814 Mission Street, 6th Floor San Francisco, CA 94103Melinda Wong Programme Manager (San Francisco) E sg.sv.launch@500startups.com

Obtaining initial financing can be a major issue for early stage and startup-companies. One increasingly popular investing tool is note-alternative, investment instrument that is used as an alternative to convertible debt. YCombinator, prominent West Coast incubator, unveiled its note-alternative document in late 2013, which it calls Simple Agreement for Future Equity. As YCombinator explain, it develops SAFEs to address many problems with convertible notes while preserving their flexibility. Not long after, another accelerator, 500 Startups, introduced a competing document called Keep It Simple Security. These note-alternatives have been embraced on the West Coast-where innovation in seed-stage finance is often adopted first-and appear to be gaining traction on the East Coast. To understand why the note-alternative is appealing to many in the startup community, it is important to first understand convertible notes and some of their purport problems. A convertible note is a hybrid between debt and equity, functioning as debt until some point in the future, when it can convert to equity once a specified event occurs. Before that conversion happen, debt typically accrues interest and it has a maturity date for repayment. These are two main issues that folks at YCombinator were trying to solve with SAFEs, which were designed to be simple to understand and are faster to generate than convertible notes, typically with lower costs. Unlike convertible note, SAFE is not a debt instrument. It does not have an expiration or maturity date, but rather is a contractual right to receive company equity at a later date. Consider three standard trigger events: subsequent Equity Financing-When company decides to sell shares of stock in price round, outstanding SAFE will convert into shares of the same type as being sold in the new round-most commonly, preferred stock. There is no threshold amount company must raise to trigger conversion. Liquidity Event-In liquidity event, SAFE holders will receive its initial investment or amount of common stock that is determined by dividing amount by cap per share price. SAFE holders will decide which of these two options is more advantageous. Dissolution-If company fail, SAFE holders are entitled to recoup their investment, provided funds are available. Any money that company has to distribute would be distributed to SAFE holders before it is allocated to common stock. The SAFE structure allows emerging companies to receive much needed funding, without risk that it might reach maturity date before concluding Equity Financing. And because SAFE is not a loan, it will not accrue interest. Another advantage for startups is that SAFEs, by not being debt, are not reflected on companies ' balance sheet. SAFEs also require less negotiation between Startups and investors. This frees up time and money for a company to invest in its growing business. But SAFEs do have some drawbacks, particularly from the view of investors, who sometimes feel they are too issuer-friendly and lack investment protection.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

Sources

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

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