For the first time since launching its incubator program, 500 Startups is requiring companies in its 2013 spring batch to submit an application. The incubator will accept applications via AngelList beginning today.
Previously, the program/investment fund only admitted startups on the basis of recommendations from venture firms, past 500 Startups graduates, and others — a process that had a track record of relative success for producing good companies. However, 500 Startups is increasingly looking for more international companies, which is difficult to do with an invite-only requirement.
To read the original article: With AngelList, 500 Startups goes application-only for its next batch of companies | VentureBeat
