Dave McClure: hottest investments, favorite start-ups, biggest screwups, and clueless founders

Dave McClure is one of the most prominent angel investors in Silicon Valley — and possibly the world. His accelerator, 500 Startups, will fund its 500th company sometime this year. And no, in answer to “all the stupid questions,” 500 Startups will not shut its doors after reaching that number.
He may also take the prize for most F-bombs per sentence of any investor.

PayPal wants to be here, there and everywhere

PayPal is the granddaddy of the online payments space. It was the remora of eBay until the auction giant bought it in 2002. Last year, PayPal processed $119 billion in transactions and accounted for 38% of eBay’s revenue. In the past year, eBay’s stock (+52%) has well outperformed Google (+11%), Amazon (+16%), Facebook (-45%) and Groupon (-75%) as of Friday’s close. (Disclosure: I have options against Facebook and Groupon. Facebook’s and Groupon’s numbers are based on their respective IPOs.)

Lemon backs up your entire wallet on your smartphone

In the past, losing your wallet was a nightmare. The fear that someone would go on a spending spree with your money often caused frantic calls to banks and credit card companies to cancel the cards in your lost wallet. Digital receipt startup Lemon seeks to do away with the drama with its mobile app that backs up everything in your wallet, receipts and all. The company announced Tuesday it raised a $8 million funding round.