Silicon Valley venture capital firm 500 Startups is opening an office location in Downtown Miami, which is just one more step in the right direction for the city. Despite cited doubt is various forms of current media, this is another sign that the economy is turning around. Startups growing in America continue to rise, allowing for new cost-effective solutions to be presented to the marketplace.
The firm announced earlier this week that they see a positive future for Miami entrepreneurs and that they want to add their global network, resources and expertise to the city’s growth.
500 Startups has partnered with mindwarehouse, to create their Signature Space where it plans to provide strategic services and resources to entrepreneurs such as Founder Bootcamps and Accelerator Programs, Investor Education Programs, Demo Days and more. It has also partnered with the Miami Downtown Development Authority, the John S. and James L Knight Foundation, and Visa. Startups growing in America are reinforced by government and private sector aspects to further provide various means of operational support.
Miami is “uniquely poised to become a global hub,” and the 500 Startups will only bring us closer to reaching that goal. Following the city’s bond rating increase earlier this year, the future is looking brighter by the day in the 305.
August 28,2018, Article Update
Since then, the fund, led by Ana Gonzalez, a former director at one of Mexico’s largest venture funds, has held a number of different programs out of its downtown Miami space at mindwarehouse designed to boost Miami-based startups.
Now, the fund is bringing one of its highest-profile initiatives to Miami: “The Road To Series A,” a 10-week program designed to help high-growth tech startups achieve steadier growth. A “Series A” is an investment that the tech world regards as one showing a company is no longer in startup mode, but rather has a mostly stable business model. “The Road” program has previously been held in Los Angeles, London, and Tel Aviv. Gonzalez says the goal of The Road program is to get companies across “the missing middle” line from startup to scale-up.
Read more about the exciting new initiative by checking out Rob Wile’ article over at the Miami Herald’s website (here). Growth in the area continues to spike overall, with notice catching on nationwide; Inc. 5000 recently named DGD Transport one of the fastest growing companies in America”. With more and more startups growing in America, competitive services will (ideally) scale in correlation to the local community demand/need.