The Global 500’s take on the growing competition among startup accelerators • TechCrunch

it’s been a bit More than a year since the 500 Startups accelerator changed its name to 500 Global in an attempt to reposition itself as a venture company. It also launched a $140 million fund to invest in later-stage companies totaling $2.8 billion in assets under management, according to its website.

The new 500 fund has a similar strategy to Y Combinator’s continuity fund, which exists for growth-stage investments and contrasts Techstars, which recently closed an $8 million pre-seed fund for startups too soon even for its own accelerator.

This repositioning of the Global 500 brand and priorities sets a new and broader tone for the participants of its new accelerator. This week, more than a dozen startups in the company’s accelerator show showed up at a virtual live demo day, which featured several moonshots, debuting weeks after Y Combinator’s demo day.

Demo day seemed like the perfect time to speak with Clayton Bryan, partner and director of the 500 Global accelerator fund, to hear how the accelerator program has evolved (and if this demo day madness still makes sense).

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