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Crunch Report | Facebook Helps You Find Wi-Fi

Jul 01, 12:00AM

Crunch Report June 30 Today’s Stories Facebook is rolling out its ‘Find Wi-Fi’ feature worldwide Delivery Hero’s valuation surpasses $5B following successful IPO Chat app Kakao raises $437M for its Korean ride-hailing service Cabin secures $3.3M for its ‘moving hotel’ Credits Written and Hosted by: Anthony Ha Filmed by: Matthew Mauro Edited by: Chris Gates Notes: Tito… Read More

McClure steps back at 500 Startups after internal sexual misconduct investigation

Jun 30, 11:44PM

 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

Jun 30, 10:54PM

 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

Jun 30, 10:24PM

 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

Snapchat bought the AR location intellectual property of startup Drop

Jun 30, 9:36PM

 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, BlackRock and others commit $2.2 million to Fast Forward's nonprofit tech accelerator

Jun 30, 8:49PM

 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,, Comcast NBCUniversal, and AT&T joined Zendesk,, Hewlett Packard Enterprise, the Nasiri and Rita… Read More

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

Jun 30, 8:07PM

 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

Manufacturing civility

Jun 30, 7:10PM

 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

Jun 30, 6:39PM

 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

Jun 30, 6:30PM

 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

Jun 30, 6:00PM

 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. Read More

Roku sales blocked in Mexico following piracy ruling

Jun 30, 5:44PM

 Streaming media player maker Roku has lost a legal battle in Mexico which has resulted in a ban on sales of its devices in the country. Cablevision, the cable TV operator owned by Mexican media giant Televisa, had taken Roku to court alleging that Roku’s gadgets are being hacked to allow users to watch pirated channels. Last week, a judge issued a court order to stop the importation of… Read More

Blue Apron tumbles again in its second day as its IPO settles for a down round

Jun 30, 5:24PM

 Blue Apron is now down from its IPO price during trading today, falling around 4 percent to around $9.60 — a bit south of its original price. Read More

Today is the last day to get extra early-bird Disrupt SF tickets

Jun 30, 4:48PM

 Okay Disrupt fans, you’ve procrastinated long enough. Today is the last day to get extra early-bird tickets to Disrupt SF 2017 — so if you want to go to the best startup show in San Francisco for the cheapest possible price, now is the time to act. Seriously, you need to go and get your tickets now. Like, now now. Read More

MIT CSAIL research offers a fully automated way to peer inside neural nets

Jun 30, 4:43PM

 MIT’s Computer Science and Artificial Intelligence Lab has devised a way to look inside neural networks and shed some light on how they’re actually making decisions. The new process is a fully automated version of the system the research team behind it presented two years ago, which employed human reviewers to achieve the same ends. Coming up with a method that can provide… Read More

Facebook is rolling out its 'Find Wi-Fi' feature worldwide

Jun 30, 4:31PM

 Facebook is expanding one of its newer features designed to help mobile users find accessible Wi-Fi networks. The company had begun testing a “Find Wi-Fi” option last year on mobile, which highlighted free, public Wi-Fi networks nearby. At the time, the option was only available on iOS in select countries, as something of a test. Today, Facebook announced users worldwide on both… Read More

Deal-finding browser tool Honey now tracks Amazon price drops, offers hotel savings

Jun 30, 3:59PM

 Since its launch several years ago, the deal-finding browser add-on Honey has grown its install base to 4.4 million users on Chrome, in addition to its smaller presence on Firefox and Safari. Initially conceived as an easier way to find savings by tracking sales and retailers’ promo codes, the company is now expanding its selection of online shopping tools to include an Amazon price… Read More

Cabin secures $3.3M for its 'moving hotel'

Jun 30, 3:22PM

Cabin sleeping bus Cabin recently announced it had secured $3.3 million in seed financing for its sleeper-car buses. That’s right, a full-size travel bus has been outfitted with sleeping berths lining a narrow walkway, like trains used to have. There are attendants on hand and a bathroom on board, and each rider can bring two pieces of luggage for free. Read More

Twitter inks live stream deals for Wimbledon, Comic-Con coverage, and more

Jun 30, 2:53PM

 Twitter is continuing to grow its live streaming business, with a series of new deals announced over the past week or so, including a partnership that will bring live streams from the floor of the San Diego Comic-Con in July, as well as behind-the-scenes action and news from Wimbledon, among several other efforts. You may recall that Wimbledon was the first live-streamed sport to pop up on… Read More

Andy Rubin's Playground Ventures is raising another $15M

Jun 30, 2:32PM

 Playground Ventures — the VC fund co-founded by Android inventor and former Google exec Andy Rubin that sits alongside an eponymous incubator/startup studio and is making some big bets in areas like artificial intelligence and new generations of hardware– is raising more money. A Form D filed with the SEC notes that Playground Ventures is in the process of adding another $15… Read More

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