Accelerator and seed investor 500 Startups is expanding its investment team and raising a $50 million second venture fund.
Founded in 2010, 500 Startups was initially best known for Dave McClure, the angel investor and former PayPal executive who lives on social sites like Twitter and has an affinity for cursing and opinionated blog post rants. But the firm now has nine people (see the infographic below) and now is announcing the promotion of Paul Singh and Christen O’Brien to partners, in addition to partners McClure and Christine Tsai. Singh manages the accelerator and makes investments with a focus on data and metrics. O’Brien is a non-investing partner who heads business development and the firm’s conferences, events and its “Geeks on a Plane” trips.
To read the full, original article click on this link: After 250 Investments, 500 Startups Builds Out Team, Raises New Fund - Forbes
