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 women that they were supposed to be mentoring or backing financially or simply professionally. News of McClure’s departure was first reported by The New York Times. Since revelations…

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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. More than 175 GameMine titles will be distributed to Vodacom subscribers ad-free and free of charge during a promotional trial period. “GameMine recognizes the distinct value and importance of South Africa’s thriving mobile carrier market as an appropriate demographic region for…

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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 implies 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 reveal their filing. Almost all of them take advantage of this. This was a long time coming for Redfin, which got its start in…

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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 implies 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 reveal their filing. Almost all of them take advantage of this. This was a long time coming for Redfin, which got its start in…

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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. In 2013, Drop developed an app that would let you post photos or text to a certain location, like a landmark or business, and your followers would get an alert to check it out when they came nearby. By utilizing Drop’s intellectual property, Snapchat…

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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 Allen Foundations and the Omidyar Network in the financing. The not-for-profit accelerator said that the funds would be used to continue to build products that apply technology to the nonprofit world. While industry has the benefit of…

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