Dave McClure was born and brought up in West Virginia. He founded Aslan Computing, a technology consultancy in 1994 and sold the company to Servinet/Panurgy in 1998. Thereafter he worked as a tech consultant to Microsoft, Intel and other companies. When he was in PayPal, he worked in the capacity of director of marketing from 2001 to 2004. Subsequently, he launched and ran marketing for Simply Hired in 2005 and 2006. Along with David Sacks, Elon Musk, Reid Hoffman, Peter Thiel, Steve Chen, Chad Hurley, Russel Simmons, Max Levchin, Premal Shah and others, he was a member of the ‘PayPal Mafia‘.
Once Dave left PayPal, he became an investor in several consumer Internet startup companies. During the summer of 2009, Dave was acting investment director for Facebook fbFund. fbFund was a joint venture incubator/accelerator with major venture capital firms Founders Fund and Accel Partners which provided early-stage capital to startups using Facebook Platform & Facebook Connect.
In 2010, Dave McClure founded 500 Startups. 500 Startups is an venture fund and seed accelerator founded which he founded along with Christine Tsai.