500 Canada folding in wake of recent sexual misconduct allegations involving Dave McClure
500 Canada, the Canadian fund operation of 500 Startups, is folding and will not make any new investments as a result of recent sexual misconduct allegations involving co-founder Dave McClure, according to reports, including from the Canadian tech news site BetaKit. 500 Canada launched in March 2016 and was reportedly halfway to raising its $30 million targeted fund when news of McClure's conduct became public.
1 August 2017•1 min read
