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

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

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. Read More

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. Read More

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… Read More

Binary Capital’s investors just accepted Jonathan Teo’s resignation

 Earlier this week, following the resignations of Binary Capital co-founder Justin Caldbeck and a more recent addition to the team, Matt Mazzeo, Binary co-founder Jonathan Teo offered to resign his position, as well. Late yesterday, the firm’s limited partners — including WeatherGage, Legacy Venture, UNC and UCLA — accepted Teo’s resignation. Read More

Manufacturing civility

 Facebook’s task is unenviable. Two billion people, all yammering on about everything in the world — and hidden in that unending torrent are hidden an unknown number of abhorrent, hateful utterances better off unuttered. But the method Facebook has applied to this problem, a tangled system of ethical arithmetic revealed in a report from ProPublica, seems unsuited to the task… Read More

Harver raises $8.1M to replace the tedious trawl through résumés with an AI

 The problem of dealing with CVs during the hiring process is a perennial one. There are a number of approaches and there are various assessment companies and recruitment companies providing human services to do so. But it’s tough to get around the fact that having to read a lot of CVs is often just pure grunt work. Imagine instead if you could apply machine-learning and a platform… Read More

Facebook News Feed change demotes sketchy links overshared by spammers

 Technically, Facebook can’t suspend people’s accounts just for sharing 50-plus false, sensational or clickbaity news articles per day. It doesn’t want to trample anyone’s right to share. But there’s nothing stopping it from burying those links low in the News Feed so few people ever see them. Today Facebook announced an algorithm change that does just that. Read More

Roku sales blocked in Mexico following piracy ruling

 Streaming media player maker Roku has lost a legal battle in Mexico which has resulted in a ban on sales of its devices in the country. Cablevision, the cable TV operator owned by Mexican media giant Televisa, had taken Roku to court alleging that Roku’s gadgets are being hacked to allow users to watch pirated channels. Last week, a judge issued a court order to stop the importation of… Read More

Today is the last day to get extra early-bird Disrupt SF tickets

 Okay Disrupt fans, you’ve procrastinated long enough. Today is the last day to get extra early-bird tickets to Disrupt SF 2017 — so if you want to go to the best startup show in San Francisco for the cheapest possible price, now is the time to act. Seriously, you need to go and get your tickets now. Like, now now. Read More