Early Life and Education
Dave McClure was born on January 1, 1966, in West Virginia, United States. He grew up in a middle-class family and showed an early interest in technology and entrepreneurship. McClure attended Johns Hopkins University, where he earned a degree in computer science. After graduation, he worked for several tech companies before deciding to pursue a career in venture capital.
Venture Capital Career
McClure began his venture capital career in the early 2000s, working for companies like Founders Fund and 500 Startups. He quickly gained a reputation for his keen eye for promising startups and his willingness to take risks on new and innovative ideas. McClure’s investments have included companies like Airbnb, Uber, and Dropbox, which have gone on to become some of the most successful tech startups in history.
Investment Philosophy
McClure is known for his bold investment philosophy, which focuses on backing founders with unique and disruptive ideas. He is also a strong advocate for diversity in the tech industry, and has made it a priority to invest in startups led by women and minorities. McClure believes that a diverse team is essential for building a successful company, and has worked to promote diversity and inclusion in the tech world.
500 Startups
In 2010, McClure founded 500 Startups, a seed fund and startup accelerator based in Silicon Valley. The firm has invested in hundreds of startups around the world, providing funding, mentorship, and networking opportunities to help them grow and succeed. 500 Startups has become one of the most well-known and respected venture capital firms in the industry, thanks in large part to McClure’s leadership and vision.
Controversies
In 2017, McClure was forced to resign from 500 Startups after allegations of sexual harassment surfaced against him. The scandal rocked the tech world and raised questions about the lack of diversity and inclusion in the industry. Despite the controversy, McClure has continued to work as an investor and advisor, focusing on supporting underrepresented founders and promoting diversity in tech.
Personal Life
Outside of his work in venture capital, McClure is an avid traveler and photographer. He has visited over 50 countries around the world, documenting his adventures through his photography blog. McClure is also a passionate advocate for animal rights and environmental conservation, supporting various causes through his philanthropic efforts.
Legacy
Despite the challenges he has faced in his career, Dave McClure remains a respected figure in the world of venture capital. His contributions to the industry have helped shape the landscape of tech startups and innovation, and his commitment to diversity and inclusion continues to inspire others to make a difference. As he continues to invest in new and exciting startups, McClure’s legacy will live on for years to come.
