In January, we broke the news that prolific Silicon Valley angel investor Dave McClure was to set up its own venture capital fund.
Yesterday, the man filed for the fund with the SEC, providing us with more details (hat tip to FormDs.com). The name will be 500 Startups – McClure has long called himself the master of 500 hats – and the initial fund will amount to max. $30 million according to the filing.
McClure has turned to 99 Designs to come up with a logo for the fund (my favorite so far).
Here’s part of the brief for the logo design:
500 Startups is a new, edgy, risk taking seed fund which invests in early stage consumer internet companies.
Incubator/seed investment funds are popping up left and right and we’re looking to differentiate ourself through edgier design. Our founder likes to swear. In public. A lot. Think Ari Gold, but for tech companies and without a suit.
To read the full, original article click on this link: Dave McClure Files For $30 Million Venture Fund: 500 Startups
Author: Robin Wauters
