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500 Startups (Seed, South Korea) |

Event Topic: Investment Deal Sourcing
Main Language: English
Organized by: 500 Startups |

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500 Startups Korea (and our VC fund, 500 Kimchi) was founded in 2015 by Tim Chae, a Partner at 500 Startups (and former Entrepreneur-in-Residence in ’13-’14). We actively invest $100-250K in 15-20 new Korean startups a year. We invest in both global and domestic market focused startups. Along with our investment, we bring Silicon Valley best practices to the local ecosystem – simple concepts like Silicon Valley standard financing documents (START Docs), to more sophisticated areas like growth marketing, fundraising, and getting to an exit. We believe Seoul can become the global technology hub of Asia, and are working hard – like the talented entrepreneurs we invest in – to help make that happen.

We typically invest $100-250K per investment into 15-20 new companies a year in Korea. We typically make our investment decisions within 2 weeks. We invest in founders who would rather fail than aim for something small.** We have 3 kinds of programs as following

Seed Program in Silicon Valley - Execution is everything. With our 4-month seed program you’ll get access to awesome mentorship, hands-on sessions with startup experts, and a great office space where you’ll work with other smart, talented founders from around the world. We invest $150k in exchange for 6%. We charge a $37.5k fee for participation in the 500 Seed Program. We run our seed program in Mountain View, San Francisco and Mexico City. Think you’re ready?

Series A Program in Seoul - For a bit later stage companies with established early user bases who have already raised $500K-$1.5M and looking to ramp up to raise their first true Series A rounds, this hands-on 3-month program was built for your startup. You’ll get all the perks of being in 500 too – like access to our vast network of investors, partners and founders.

Seed & Pre-Series A Investments - If you’ve already launched and have a handful of customers or users who enjoy using your product, you’re probably at the right stage for us to help to implement great strong fundamentals to prepare you for growth. You’ll get all the perks of being in 500 too – like access to our vast network of global and domestic mentors, investors, partners, and founders

About Partner Tim Chae (http://timchae.com/about/) - I’m a Partner at 500 Startups and also the General Partner for our Korea fund, 500 Kimchi, making investments at the seed stage. Though I continue to make a handful of investments in the US every year (through 500S), I mainly focus on investing in promising tech startups in Korea (through 500 Kimchi). I’m trying to do what I can in helping the Korean startup ecosystem get to the next level for Seoul to become recognized as a major global tech powerhouse.