Month: June 2017

McClure steps back at 500 Startups after internal sexual misconduct investigation

 Dave McClure, the founder and public face of 500 Startups — one of the most prolific and best-known accelerator programs for early stage companies — has stepped away from managing the firm he set up (and largely built in his own image). McClure is the latest venture capitalist to be ensnared in the industry’s investigations into alleged sexual misconduct by investors with… Read More

Game publisher GameMine inks a $20 million partnership with South Africa’s Vodacom

 On the heels of a $20 million funding round last month, the new game publishing company GameMine has inked its first big deal with a global carrier. The company has partnered with the South Africa mobile carrier Vodacom Group to bring GameMine’s subscription-based mobile games to the South African market. Read More

Real estate site Redfin files for IPO

 Redfin, the popular real estate listings site, has filed for IPO. The Seattle-based company unveiled its filing, suggesting that it will raise $100 million, a placeholder that is subject to change. The timing of the filing suggests that Redfin is likely to debut in late July or early August. Because of the JOBS Act, most companies can wait until 15 days before their investor roadshow to… Read More

Snapchat bought the AR location intellectual property of startup Drop

 Snap Map is Snapchat’s plan to tie together its online content with ways to augment your offline reality, and it’s got the patent to back it up. Augmented reality location startup Drop tells TechCrunch that Snap Inc. acquired its intellectual property in 2015, including its “Location-based messaging” patent. Read More

Google.org, BlackRock and others commit $2.2 million to Fast Forward’s nonprofit tech accelerator

 As impact investing gains traction in the market, a new accelerator for tech nonprofits called Fast Forward has raised $2.2 million in philanthropic funding from the nonprofit arms of some of the world’s largest companies and financial services firms. BlackRock, Google.org, Comcast NBCUniversal, and AT&T joined Zendesk, Twilio.org, Hewlett Packard Enterprise, the Nasiri and Rita… Read More

Binary Capital’s investors just accepted Jonathan Teo’s resignation

 Earlier this week, following the resignations of Binary Capital cofounder Justin Caldbeck and a more recent addition to the team, Matt Mazzeo, Binary cofounder Jonathan Teo offered to resign his position as well.
Late yesterday, the firm’s limited partners —  include WeatherGage, Legacy Venture, UNC, and UCLA — accepted Teo’s resignation.
According to sources, the… Read More

Manufacturing civility

 Facebook’s task is unenviable. Two billion people, all yammering on about everything in the world — and hidden in that unending torrent are hidden an unknown number of abhorrent, hateful utterances better off unuttered. But the method Facebook has applied to this problem, a tangled system of ethical arithmetic revealed in a report from ProPublica, seems unsuited to the task… Read More

Harver raises $8.1M to replace the tedious trawl through résumés with an AI

 The problem of dealing with CVs during the hiring process is a perennial one. There are a number of approaches and there are various assessment companies and recruitment companies providing human services to do so. But it’s tough to get around the fact that having to read a lot of CVs is often just pure grunt work. Imagine instead if you could apply machine-learning and a platform… Read More

Tintri up slightly after lowering IPO price

 Enterprise cloud company Tintri was supposed to debut on the public markets yesterday with an IPO price between $10.50 to $12.50, but then pushed things back a day and lowered its price to $7. Shares were up about 3.5 percent midday Friday, trading at roughly $7.25 per share. Read More

Facebook News Feed change demotes sketchy links overshared by spammers

 Technically, Facebook can’t suspend people’s accounts just for sharing 50-plus false, sensational, or clickbaity news articles per day. It doesn’t want to trample anyone’s right to share. But there’s nothing stopping it from burying those links low in the News Feed so few people ever see them.
Today Facebook announced an algorithm change that does just that. It… Read More

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