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PE HUB First ReadTo start your Monday, Dave McClure has apologized after making inappropriate advances to multiple women and he is no longer CEO of 500 Startups; Danone sells Stonyfield yogurt; and, no, NASA is not hiding kidnapped kids on Mars.
500 Startups co-founder Dave McClure posts apology for making advances to multiple womenDave McClure, who on Friday stepped away from the day-to-day operations at 500 Startups over inappropriate behavior, issued an apology for being a creep.
- Dave McClure steps away from 500 Startups over inappropriate behavior
Dave McClure has stepped away from 500 Startups, the venture firm he co-founded in 2010, because of “inappropriate interactions with women in the tech community."
500 Startups Canada tops up Fluent.ai's seed round to $2 mln500 Startups Canada has invested in the seed-stage financing of Fluent.ai Inc, a Montréal-based artificial intelligence startup focused on developing speech recognition technology. The round, announced in May /canada/2017/5/3452490/ was increased to $2 million as a result. Its other investors include BDC Capital, Danhua Capital, Creative Destruction Lab and Maple Leaf Angels. Fluent.ai also announced that British AI entrepreneur William Tunstall-Pedoe has joined its advisory board. Tunstall-Pedoe founded Evi Technologies, acquired by Amazon in 2012. He also contributed to Fluent.ai's seed round.
- Silvernest raises $1.3 mln
Silvernest said June 22 that it raised $1.3 million in seed funding. Investors include venture capital and angel investors, such as Halogen Ventures, 1843 Capital, Rockies Venture Club, Investor’s Circle and 500 Startups. Silvernest, of Denver, provides an online roommate-matching service that pairs boomers, retirees, empty nesters and other aging adults with compatible long-term housemates.
- Baby boomer roommate service Silvernest collects $1.3 mln seed
Denver-based Silvernest, a roommate-matching service for baby boomers and empty nesters, has secured $1.3 million in seed funding. The investors included Halogen Ventures, 1843 Capital, Rockies Venture Club, Investor’s Circle and 500 Startups.