Ex-500 Startups partners seek $50 mln for Hustle Fund

Elizabeth Yin and Eric Bahn, former partners with 500 Startups, are seeking to raise $50 million for Hustle Fund I, according to a regulatory filing. The fund has not yet raised any commitments. Information about the Hustle Fund, which lists an address in San Carlos, California, is not available. But in a blog post earlier this, Yin described how today’s crop of new VCs work hard to find deals and “They have to hustle for every deal. ¬†They have to hustle to fundraise for their current or next fund.”

Yin, who previous co-founded adtech company LaunchBit (acquired by BuySellAds in 2014), joined the 500 investment team in 2015 to run the program’s Mountain View, California-based accelerator. She resigned in the summer over the way the organization handled the sexual misconduct allegations toward co-founder Dave McClure, who has since resigned.

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