SeedInvest will provide third-party verification for 500 Startups in order to ensure the fund adheres to Title II of the JOBS Act, which now allows for general solicitation, but only to accredited investors. Opening up to the public doesn’t mean that anyone can just pile on, though, as 500 Startups Founding Partner Dave McClure said in an interview that most investors will still be in the six-figure range and up.
The firm also plans to continue its focus on accelerator and seed stage-focused investments with the occasional Series A and B follow-up deal. The types of industries and startups it invests in will also remain the same, though McClure did note that the team is looking more into the video space.
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