We are fortunate to have Dave coming to Arizona for AZEC10 on Nov.17.
How does he know when he sees a good idea? Well, it’s his history and experience that give him the edge. He’s been in Silicon Valley for twenty years. He was director of Marketing for Paypal in 2004 when it was acquired by EBay. He has taught a class on Facebook at Stanford. He managed the fund Accel Partners, Facebook, and Founders Fund set up to incubate Facebook applications. For the past half dozen years, he’s been an active angel investor.
Dave sees the entire geek world, no matter what continent it is on. And I mean up close and in person. A few years ago, he organized a series of trips called Geeks on a Plane, through which American geeks visit other cities and countries and Dave gets to meet not only them, but the geeks at the destinations. He does this by volunteering to speak at tech conferences. I went with him to China, Korea, and Singapore this past spring, and in two weeks we went to four cities in three countries, attending six conferences for startups and Web technology. He has also taken trips to Washington DC to lobby for better immigration policies and to Hawaii to “Re-Think Hawaii.” Next year, he plans some new continents:-)
In Silicon Valley, he organized Startup2Startup, a monthly dinner where entrepreneurs hear from one of their own. And he’s active in a program that’s trying to get the visa rules changed for non-natives who come to the U.S. for an education and would like to stay here to start companies.
As a champion of the “Lean Startup,” a concept that involves getting the product out to the market as quickly as possible to get feedback, iterate, optimize, and get more feedback, McClure is trying to convince engineers to design products quickly, and move on from their failures. It’s a loop, Dave says. He’s all for killing features that “suck,” and keeping what works.
To that end, he’s now going around the world looking for his 500 Startups, to each of whom he gives a small amount of funding to get the loop going.
This goes against traditional venture capital models, which typically make larger investments in fewer companies later in their development cycles. But it appears that, in the current age of apps, the ordinary VCs can’t find the right deals for their huge funds. McClure, flying to Asia, holding his dinners, speaking at entrepreneurship conferences in Arizona, talking about Startup Metrics for Pirates, is sneaking in right between the legs of the most towering VC names.