With more than 2,700 startups funded, 500 Startups is another major player in the accelerator world. Their portfolio includes well-known companies like Udemy, Talkdesk, and Canva.
Every accepted startup receives a $150,000 investment in exchange for 6% equity.
500 Startups runs several accelerator programs across the U.S. You can apply directly through their website or via AngelList.
Once you submit your application, you may be invited to an interview day, which includes three back-to-back interviews with members of the investment team. They recommend reserving about three hours, although the process can be quicker.
Common interview themes include:
How does your startup work?
What evidence shows it’s working?
Why do you want to join 500 Startups?
If accepted, you’ll join a four-month, in-person program at your chosen location. Their mentors include operators and experts from companies like PayPal, Google, YouTube, Apple, Twitter, and others.
Alongside hands-on mentorship, the program offers talks and office hours on distribution, customer acquisition, UX, design, fundraising, and more.
A typical week at 500 Startups includes:
Weekly all-hands roundup
Regular touchpoints with mentors and advisors
Fireside sessions and brainstorming breakouts
Weekly talks from successful tech founders
The program wraps up with a Demo Day, where you present your company to investors and industry leaders.
Palo Alto, California, United States