500 Startups

500 Startups is a new kind of seed fund and startup accelerator. They believe successful Internet startups are born from usable design, customer-focused metrics, and online distribution. 500 provides funding ranging from $25K to $250K to early stage startups and also aims to be innovative in their investment model. They are based in Mountain View, California but their companies, mentors, and advisers come from all around the world.