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McClure steps back at 500 Startups after internal sexual misconduct investigation

By |June 30th, 2017|

 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 --> READ MORE

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

By |June 30th, 2017|

 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 Source: News

Real estate site Redfin files for IPO

By |June 30th, 2017|

 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 implies that Redfin is likely to debut in late July or early August. Read More Source: News

Snapchat bought the AR location intellectual property of startup Drop

By |June 30th, 2017|

 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 Source: News

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

By |June 30th, 2017|

 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 --> READ MORE

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

By |June 30th, 2017|

 Earlier this week, following the resignations of Binary Capital co-founder Justin Caldbeck and a more recent addition to the team, Matt Mazzeo, Binary co-founder Jonathan Teo offered to resign his position, as well. Late yesterday, the firm’s limited partners — including WeatherGage, Legacy Venture, UNC and UCLA — accepted Teo’s resignation. Read More Source: News

Manufacturing civility

By |June 30th, 2017|

 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, --> READ MORE

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

By |June 30th, 2017|

 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 --> READ MORE

Tintri up slightly after lowering IPO price

By |June 30th, 2017|

 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 Source: News

Facebook News Feed change demotes sketchy links overshared by spammers

By |June 30th, 2017|

 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 --> READ MORE