Andrea Barrica500 Startups

What I’ve Learned As A Venture Partner at 500

Startups

@abarrica

3 batches (125+ startups)$60M+ in funding1000+ of pitches

Lesson #1

Great entrepreneurs are everywhere.

West Africa

“All happy families are alike. Every unhappy family is unhappy in its own

way.”

-Tolstoy

Infrastructure problemsLack of mentors/operators

Lack of experienced investorsFear of risk & failure

Lesson #2 Team and Growth,

NOTFunding, PR, or biz plans

Define targets. Hit them, or pivot.

(Hint: this is the only right answer to why you need to raise money)

Lesson #3

Be brutally honest with yourselfand each other.

Lesson #4 Global thinking is a

mindset and a necessity.

Lesson #5 The next generation

of startups won’t look like the last.

@abarrica

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