Early Life and Education

Dave McClure was born on January 3, 1966, in West Virginia, USA. He grew up with a passion for technology and entrepreneurship, which led him to pursue a degree in Computer Science from Johns Hopkins University.

Career in Silicon Valley

After graduating from college, McClure moved to Silicon Valley to pursue a career in the tech industry. He worked at several startups before co-founding his own company, 500 Startups, in 2010.

500 Startups

500 Startups is a venture capital firm and startup accelerator that invests in early-stage companies. Under McClure's leadership, the firm has invested in over 2,000 companies across more than 60 countries.

Investment Philosophy

McClure is known for his hands-on approach to investing, often providing mentorship and guidance to the startups in his portfolio. He focuses on investing in companies that have the potential for rapid growth and scalability.

Controversies

In 2017, McClure stepped down from his role at 500 Startups after allegations of sexual harassment surfaced. He later issued a public apology and has since focused on diversity and inclusion initiatives in the tech industry.

Personal Life

McClure is married with two children and currently resides in San Francisco, California. In his free time, he enjoys hiking, playing guitar, and mentoring aspiring entrepreneurs.

Net Worth

As of 2024, Dave McClure's net worth is estimated to be around $10 million. Much of his wealth comes from his investments in successful startups and his stake in 500 Startups.

Future Plans

McClure continues to be actively involved in the tech industry, advising startups and serving as a mentor to young entrepreneurs. He also plans to launch a new venture capital fund focused on supporting underrepresented founders.

Legacy

Despite the controversies surrounding his career, Dave McClure remains a respected figure in the tech industry for his contributions to entrepreneurship and innovation. His work with 500 Startups has helped launch the careers of countless founders and has left a lasting impact on the startup ecosystem.

Conclusion

In conclusion, Dave McClure's journey from a young entrepreneur to a successful venture capitalist is a testament to his passion for technology and innovation. Despite facing setbacks along the way, he has continued to make a positive impact on the startup community and remains dedicated to supporting the next generation of founders.