Dave McClure’s 500 Startups has just announced the newest batch of companies to be accepted for its fifth accelerator class. This group is the first through which 500 Startups used an open application process, rather than rely solely on referrals when evaluating participants.
Initially, the startup incubator used AngelList’s platform to fill a few remaining spots, announcing just three weeks before the program started. But the application process worked out pretty well: It received hundreds of applications, from which 500 Startups selected eight companies. It went so well, in fact, that 500 Startups plans to use AngelList again, and might ask all interested companies to apply through the platform in the future, partner Christine Tsai told me.
To read the full, original article click on this link: Dave McClure’s 500 Startups Chooses 33 Companies For Its Fifth Accelerator Batch, Bets Big On International | TechCrunch
