While 500 Startups keeps posting rapid growth in its headcount and company portfolio, it also has two new partners. These venture partners aside, the company has a list of 28 entities to participate in the 8th 500 Startups Accelerator class.
Marvin Liao and Sean Percival are the new venture partners at 500 Startups. The company has been hiring aggressively to grow its investor network throughout particular global markets. Both of them will have Silicon Valley as their base, helping out companies in terms of distribution and growth alike. Percival is one of the people behind Wittlebee and lalawag.
He was also the Vice President of Online Marketing at Myspace earlier. He is an adviser at Blockchain and the founder of BubbleCoin, a news portal for Bitcoin. Naturally, he will emphasize investments in the cryptocurrency space. He will also lead the Bitcoinference (half-day) at 500 Startups.
Liao is a Yahoo veteran, working in divisions like marketing, advertising operations, sales, and business development. He has experience in global or regional leadership positions across Europe, Latin America, and Asia. He also holds vast experience in the U.S. market. He will work to discover great startups while enabling the San Francisco and Mountain View Accelerator programs.
The 500 Startups Accelerator class will be the first one at the new SOMA District office in San Francisco. The participants will have an opportunity to use office space while accessing mentors and programs that help them refine their core products/businesses.
28 companies are on the list of eligible startups, chosen from thousands of applicants. They come from cities beyond Silicon Valley, including Austin, Las Vegas, Detroit, and New York City. They also come from Israel, Spain, France, Jordan, India, Canada, Brazil, Hong Kong, Egypt, and Taiwan.
The new batch indicates a yearly plan for the program. Two classes will take place each year at Mountain View. San Francisco is likely to follow the same schedule. Founding Partner, 500 Startups, Christine Tsai, states that the accelerator program may have around 120 businesses every year. Every class will contain 30 startups in total.
The earlier class at Mountain View is already lining up demo day, while applications for the upcoming class are underway. Some participating companies include CultureAlley, BidAway, Doorman, Guidekick, Equipboard, Enchanted Diamonds, Friend Trusted, i3zif.com, Remark, Quest, SoundBetter, Whale Path, and Unwind Me, to name a few.