Recent numbers show it is becoming tougher for startups to raise money. Someone forgot to send that memo to Silicon Valley accelerators like 500 Startups and Y Combinator.
I spent Tuesday attending standing-room-only events at both seed-stage startup accelerators, and while the current downturn in funding and valuations was brought up, the energetic mood was clearly not impacted. Dave McClure, founding partner of 500 Startups, kicked off his fund’s 17th “Demo Day” donning a sparkly, rainbow-colored wig and unicorn horn.
