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500 Startups Fall 2012 Batch: WalletKit, TradeBriefs, Instamojo & gazeMetrix

Dave McClure’s 500 Startups has inducted 33 startups to the Fall 2012 batch of its accelerator program. The accelerator mentioned that this is the fifth batch overall, however it was the first batch where startups were also inducted through an open application process, rather than solely depending on the referrals it received. The three month program started off on October 4, 2012, and will end with Demo Days scheduled to take place in Mountain View, San Francisco and NYC (New York City) in February 2013. What does it offer? As per the company website, 500 Startups will offer up to $250,000 seed funding, a company workplace and access to more than 100 startup mentors and designers in residence. It will also offer distribution strategies for customer acquisition and access to Internet platform companies. AngelList Partnership: The incubator mentioned that it had partnered with…

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