Silicon Valley Venture Capital 500 Startups, has announced the launch of a startup studio that creates awesome companies from scratch – 500 LABS. (see infographic).
According to 500 Startups, 500 Labs will bring together founders and teams from all over the world to make startups go harder, faster, better, stronger.
500 LABS will lean on several unique strengths of 500 Startups to execute this model:
- Growth Marketing: 500 Startups specializes in training and educating companies on how to grow and acquire customers via search, social, and mobile strategies. 500 LABS will leverage its extensive growth expertise to help new companies grow faster.
- 500 Founders: Since 2010, 500 Startups has invested in over 3,000 founders and entrepreneurs around the world, in over 60 countries. 500 LABS can recruit experienced operators from the 500 community and network to help build new companies.
- Global Talent: Some of the best engineers, designers, and marketers don’t live in Silicon Valley. 500 Startups’ global reach will help 500 LABS find and recruit them.
Headquartered in Silicon Valley, 500 LABS will partner with teams all around the world to build products. It is setting up engineering operations in Toronto and Waterloo and expects to expand into many other regions around the world in the future.
500 LABS will initially focus on building mobile products for consumers and businesses. In the future, 500 LABS expects to launch new tracks in areas like marketplaces and SaaS.
500 LABS is led by experienced entrepreneurs and hyperloop enthusiasts Selcuk Atli and Dominic Coryell.
