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The Les Roches Silicon Valley Trip is off to a great start. On Tuesday, 25 October, BBA students from Les Roches Chicago, Les Roches Switzerland and Les Roches Marbella had the privilege of visiting two game-changing businesses: 500 Startups and Lyft.
What better place to begin our journey into startup culture than at 500 Startups? This venture capital seed fund and startup accelerator may be based in Silicon Valley, but its reach is global. 500 Startups has already invested in over 1,500 companies across more than 50 countries.
It has funded successful businesses such as Credit Karma, Grab (formerly GrabTaxi) and Twilio, and receives over 10,000 applications a year from hopeful startups. Out of those applications, 500 Startups provides funding, support and mentoring to around 160 projects around the globe each year. So how does it work?
After our visit with 500 Startups, we headed over to the San Francisco headquarters of Lyft, whose peer-to-peer ridesharing app is revolutionizing urban transportation. We were welcomed with a panel discussion featuring Lyft employees Max Giella, Tarig Meyers, Maria de Lera, Tommy Hayes and Sid Dey, followed by a tour. Some interesting facts we learned:
Our trip into the cradle of innovation and entrepreneurship continues. Follow us on Twitter and Instagram for more updates!
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