June 2017

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Someone just bought R2-D2 for over $2 million

 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 More

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Invisible unicorns: 35 big companies that started with little or no money

Jar of loose change by Tom Small 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 More

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Gaming firm Razer seeks to raise over $600M in Hong Kong IPO

 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 More

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Mendel.ai nabs $2 million to match cancer patients with the latest clinical trials

 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 More

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These cities in California’s East Bay are raking in venture capital

 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 More

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Fyre Festival founder arrested, charged with wire fraud

There has been one arrest following April’s disastrous Fyre Festival event, as the Southern District of New York US Attorney’s office announced the arrest of Fyre Media founder William McFarland. He’s charged with wire fraud over allegedly lying to i…


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Crunch Report | Facebook Helps You Find Wi-Fi

Crunch Report June 30 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 More


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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… Read More