Monday, July 31, 2017

500 Startups shuts down its Canada fund

 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

Snap down just 1% after first wave of lockup expirations

 Snap, the Snapchat parent, closed the day down just 1% 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 venture… Read More

This is (probably) the Samsung Galaxy Note 8 - CNET

Noted leaker Evan Blass tweeted a picture of the phone weeks ahead of its official reveal.
By: CNET

Singaporeans can’t last a day without mobile data, survey says - CNET

The average Singaporean gets about half of the mobile data they say they need, according to a study done by one of the country's carriers.
By: CNET

Google has a plan to store renewable energy -- with salt - CNET

Google's system has the potential to last longer than lithium-ion batteries, Bloomberg reports.
By: CNET

Crunch Report | Reddit Now Valued at $1.8 Billion

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

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

 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

A look back in IPO: Google, the profit machine

 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

Facebook buys Ozlo to boost its conversational AI efforts

 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. Ozlo launched with a consumer facing app back in October 2016. Jolley told me at the time that the… Read More

Reddit's value hits $1.8b, plans redesign to be more appealing - CNET

The CEO for "the front page of the internet" says its $200 million in funding is company's largest ever as it is also hiring more workers.
By: CNET

Lyft says Valerie Jarrett is a 'natural fit' for its board - CNET

The ride-hailing company brings a former Obama advisor onto its board of directors.
By: CNET

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

 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. 19 projects in a variety of fields are being awarded a total of $14.3 million. Read More