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July 2, 2017, 6:00 PM
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memeorandum
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| Dave McClure / 500 Hats: |
Dave McClure apologizes for inappropriate advances towards multiple women, says Christine Tsai and 500 Startups senior management were unaware until recently — By now you may have heard I f**ked up, and people are calling me a creep. — While I'd like to believe that I'm not a bad or evil person …
More:
CSO, ABC News, Rashmi Sinha, TechCrunch, Recode, Fortune, Silicon Valley Business …, and PE Hub Blog
Tweets: @tconrad, @anthemos, @laureningram, @notdetails, @arlanwashere, @theshirin, @eileenmcarey, @msuster, @ethank, @shaherose, @aerin_lim, @msuster, @ericajoy, @horridhenryviii, and @davemcclure
| Katie Benner / New York Times: |
More female entrepreneurs describe sexual harassment by investors on the record; Dave McClure is no longer running 500 Startups after an internal investigation — Their stories came out slowly, even hesitantly, at first. Then in a rush. — One female entrepreneur recounted …
More:
Pando, BBC, CNBC, TechCrunch, @jspepper, Business Insider, Forbes, Susan Wu - Medium, GeekWire, Tracy Lawrence, USA Today, Silicon Valley Business …, Axios, Recode, Chris Sacca, Adventures in Capitalism, VentureBeat, SiliconBeat, Boing Boing, CNNMoney, Tech in Asia, Business Insider, CNET, Business Insider, Gizmodo, The Information, Tech in Asia, and Fortune
Tweets: @leahbannon, @aprilwensel, @carnage4life, @sacca, @ktbenner, @susanthesquark, @davepell, @philipdalidakis, @crystale, @sacca, @sarahkunst, @sarahkunst, @rmac18, @aminatou, @msuster, @karaswisher, @jennschiffer, @lpolgreen, @sarahlerner, @alexia, @tsgiles, @cindygallop, @nytimesbusiness, @aileenlee, @pandodaily, @susanthesquark, @marccanter4real, @cindygallop, @gabiviolin14, @mathewi, @melissatsang, @bizcarson, @rmac18, @noahpinion, and @jedmiller
| Christine Tsai / 500 Startups: |
Christine Tsai says she is now CEO of 500 Startups after Dave McClure was found to have behaved inappropriately with women — “Be the change you wish to see in the world.” — This is the advice I give to people whenever they ask for it. It's aspirational, which means it is a lot easier said than done.
More:
Business Insider, TechCrunch, SiliconBeat, USA Today, Reuters, and PE Hub Blog
Tweets: @scottmaustin, @pandodaily, @mkapor, @eileenmcarey, @anapauglez, @tolles, @sdkstl, and @scottmaustin
| HBR.org: |
Study: TechCrunch Disrupt videos show VCs focus more on potential gains when interviewing male founders, more on losses in interviews with female entrepreneurs — There is an enormous gender gap in venture capital funding in the United States. Female entrepreneurs receive only about 2% …
Tweets: @carnage4life, @wondermerchant, @adammgrant, and @wrowro
| Politico: |
Trump voter-fraud panel's data request made to all states is a gold mine for hackers, say infosec experts; 20+ states refuse, including Mississippi and Virginia — Cybersecurity specialists are warning that President Donald Trump's voter-fraud commission may unintentionally expose voter data …
More:
Washington Post, CBS Boston, and New York Times
Tweets: @realdonaldtrump, @politico, @52fairway, @jasonkander, @alisonforky, @ericgeller, and @emzorbit
| Wall Street Journal: |
Source: Alibaba will introduce an Amazon Echo-like device for Chinese consumers as soon as next week — Chinese e-commerce major Alibaba plans to introduce a digital personal assistant similar to Amazon.com's Echo device in coming days.
More:
The Information, Reuters, VentureBeat, Neowin, Fortune, CNBC, and Tech in Asia
| Brian Feldman / New York Magazine: |
Tumblr's uncertain future demonstrates the difficulty of monetizing internet culture, as do the fortunes of Twitter, Reddit, 4chan, and even YouTube — Earlier this month, Verizon completed its acquisition of Yahoo, incorporating the internet-portal pioneer's slate of brands under a new umbrella corporation named, ominously, Oath.| Mo Marshall / VentureBeat: |
Block.one sets record with $185M ICO over a 5 day period for its EOS token, says its blockchain platform can process millions of transactions/second fee-free — Blockchain startup Block.one announced this morning that it has raised $185 million in just five days of selling its EOS cryptocurrency token.| Conor Dougherty / New York Times: |
Inside Yelp's six-year campaign to get antitrust regulators to sanction Google for displaying info from its own properties above competitors in search results — Jeremy Stoppelman, chief executive of Yelp, the local search and reviewing site, would like this article to be focused on his company's growth …
Tweets: @lutherlowe, @randfish, and @caseynewton
| Wall Street Journal: |
Nike-Amazon deal shows how even the major brands now must sell on Amazon, or risk losing the grip on pricing and distribution to third party resellers — Big brands want control of their image and marketing, which is hard to do through the giant online retailer.
More:
Reuters, Engadget, Forbes, CNBC, Investor's Business Daily, Fortune, International Business Times, and Ubergizmo. Tweets: @yegg
| Jon Gambrell / Skift: |
US lifts laptop ban at Abu Dhabi International Airport, one of the 10 Middle East airports where DHS banned laptops in cabins of US-bound planes in March — It didn't hurt that there was already a U.S. Customs pre-clearance facility at Abu Dhabi Airport. This could be the first step …
More:
International Business Times and Reuters
| Patrick Klepek / Waypoint: |
Palmer Luckey pledges $2,000 per month to a crowdfunding campaign for software that makes Oculus exclusives playable on HTC Vive — The co-founder, who left Facebook a few months after a political controversy, hasn't fully left VR behind. — Oculus co-founder Palmer Luckey may not longer …
More:
Patreon, The Verge, International Business Times, Mashable, Engadget, Silicon Valley Business …, New York Magazine, and bit-tech.net
Tweets: @patrickklepek and @waypwnt
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