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500 Startups' Dave McClure apologizes for 'multiple' advances toward women and being a 'creep'
Jul 02, 12:34AM
Taking an alternative approach to Chris Sacca’s pre-publication statement on the New York Times’ story of his alleged misconduct, Dave McClure waited a day to respond to the allegations made in yesterday’s article. In a Medium post published Saturday evening, McClure neither denies nor defends the actions that he says have cost him the executive position at the firm he founded. Read MoreSomeone just bought R2-D2 for over $2 million
Jul 01, 11:40PM
Sorry, Luke — but it looks like both your lightsaber and R2-D2 have new owners. In an auction that I’d like to pretend took place in front of a Sandcrawler in the middle of a desert, someone reportedly just dropped over $2 million dollars on R2-D2. Read MoreInvisible unicorns: 35 big companies that started with little or no money
Jul 01, 7:00PM
There’s a widespread belief among founders that venture capital is a precursor to success. VC is a common denominator of the most successful tech startups, but it isn’t a prerequisite. To help illustrate this, here are 35 companies that started with a few thousand dollars, or even just sweat equity, and went on to become exemplars of what I call “efficient… Read MoreGaming firm Razer seeks to raise over $600M in Hong Kong IPO
Jul 01, 6:39PM
Gaming firm Razer has filed to go public through an IPO in Hong Kong as it looks to raise more than $600 million to go after growth opportunities. The U.S.-based company, which traces its origins back to Singapore, filed initial paperwork on Friday. Certain details — such as how much Razer is looking to raise, its valuation and the timing of the IPO — are not disclosed in the… Read MoreMendel.ai nabs $2 million to match cancer patients with the latest clinical trials
Jul 01, 5:30PM
Dr. Karim Galil was tired of losing patients to cancer. He was tired of messy medical records. And he was tired of trying to stay on top of all the clinical trials touting one solution or another. Losing patience and patients, Galil decided to create an organized and artificially intelligent system to match those under his care with the best diagnostic and treatment methods available. Read MoreThese cities in California's East Bay are raking in venture capital
Jul 01, 4:00PM
San Francisco Bay Area companies raise so much venture capital relative to other places that a lot of little-known cities in the region outrank major metropolises in total funding. In this two-part series, we’ll look at nine under-the-radar places in the Bay Area that punch above their weight class when it comes to attracting startup funding. For today, we’ll focus on the East Bay. Read MoreA walk around Station F with Emmanuel Macron
Jul 01, 9:47AM
“We called this building Station F, like Station France, Station Femmes [ed. note: women in French], Station Founders or Station Freyssinet because Freyssinet was a great architect and a great entrepreneur,” French billionaire and Iliad founder Xavier Niel told Macron. While Station F was originally built in the 1920s by Eugène Freyssinet, it was supposed to be destroyed in 2011.… Read MoreCrunch Report | Facebook Helps You Find Wi-Fi
Jul 01, 12:00AM
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 MoreMcClure 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 MoreGame 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 MoreReal 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 MoreSnapchat 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 MoreGoogle.org, 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, Google.org, Comcast NBCUniversal, and AT&T joined Zendesk, Twilio.org, Hewlett Packard Enterprise, the Nasiri and Rita… Read MoreBinary 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 MoreManufacturing 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 MoreHarver 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 MoreTintri 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 MoreFacebook 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 MoreRoku 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 MoreBlue 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 MoreIf at any time you'd like to stop receiving these messages, just send an email to feeds_feedburner_com_techcrunch+unsubscribe-hmdtechnology=gmail.com@mail.feed2email.net.
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