500 Startups shuts down its Canada fund

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 Following sexual harassment allegations that led to the resignation of 500 Startups co-founder Dave McClure, it’s now emerged that the troubled VC firm has abandoned its Canada fund. According to reports in The Globe and Mail and BetaKit, the saga made it difficult to move forward with the next phase of 500 Canada, where it had a profit-sharing relationship. The firm was in the process… Read More

August 1st 2017 Uncategorized

Snap down just 1% after first wave of lockup expirations

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 Snap, the Snapchat parent, closed the day down just 1% Monday after the first phase of the dreaded lockup expiration, which meant that some insiders are now eligible to sell shares. The anticipation of a big selloff had been putting downward pressure on the stock for weeks, but it appears that enough of that fear was already built into the stock price to withstand day one. But while… Read More

August 1st 2017 Uncategorized

Crunch Report | Reddit Now Valued at $1.8 Billion

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Niantic postpones its European Pokémon GO Event, Discovery Communications acquires Scripps Networks for $14.6 billion, Game of Thrones materials getting released in HBO hack and Reddit is now valued at $1.8 billion. All this on Crunch Report. Read More

August 1st 2017 News, Technology

All You Need to Explain the Trump Administration Departures Is This New Yorker Cartoon

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When it is all over, the story of the Trump administration, while inspiring enough text to likely fill the Library of Alexandria, if it still existed, could probably be best told with a few key cartoons. There is of course the This Is Fine meme, based off of KC Green’s comic, that is an apt…

August 1st 2017 Uncategorized

New border wall bill draws on Palmer Luckey’s new defense company

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 After being ousted from the VR empire he built, Oculus founder Palmer Luckey is wasting no time on his next project: building the wall. As CNN reports, Luckey’s newfound interest in defense is evident in the Secure Miles with All Resources and Technology (SMART) Act, proposed by Texas Representative Will Hurd. Hurd partnered with other Republican representatives from border states… Read More

August 1st 2017 Uncategorized

A look back in IPO: Google, the profit machine

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 We’re taking a look at the IPOs of tech’s biggest players. Next up is Google, which went public in 2004. At the time, the firm frankly told investors that it was “not a conventional company,” and it did “not intend to become one.” For Google, the unconventional attitude worked. But before its IPO more than 10 years ago, the company’s future was… Read More

August 1st 2017 Google

Facebook buys Ozlo to boost its conversational AI efforts

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 Facebook has gone ahead and purchased Charles Jolley’s conversational AI startup Ozlo. Jolley, formerly Head of Platform for Android at Facebook, will not be returning to the company. The Ozlo team is expected to join Facebook to work on natural language processing challenges. Read More

August 1st 2017 Android, Facebook

NASA puts $14M in funding towards soft robots, flash lidar and other research projects

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 NASA has announced the latest beneficiaries of its Small Business Technology Transfer program, which solicits and funds small-scale research projects outside the agency but relevant to its interests. Nineteen projects in a variety of fields are being awarded a total of $14.3 million. Read More

August 1st 2017 Uncategorized

NPR Shares Tips on How to Make an Audio Story People Want to Keep Listening To

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The public face of the NPR One app opens listeners up to a world of news and stories from NPR and local radio stations. Behind the scenes, all those local stories amount to a lot of data points that NPR has been using over the past two years to statistically parse the relationship between listener…

August 1st 2017 Uncategorized

Several departures at venture firm Kleiner Perkins

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 Noted venture firm Kleiner Perkins is getting a little leaner. General partner Mike Abbott announced Monday that he’s leaving the team for an undetermined startup role. Separately, its early-stage “Edge” team is folding. Read More

August 1st 2017 Uncategorized