Cybersecurity firm Trend Micro announces $100M startup fund

 Security firm Trend Micro is the latest corporate to jump into the startup investment world after it unveiled a $100 million corporate fund today. It is predominantly looking at opportunities in the internet-of-things (IoT) space, but the exact scope of how it will operate is not clear. The company is headquartered in Japan and listed on the Tokyo Stock Exchange, where its current value… Read More

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Binary Capital co-founder Justin Caldbeck quits as Matt Mazzeo steps away from the firm

 Justin Caldbeck, the co-founder of Binary Capital, and Matt Mazzeo, the firm’s newest partner, have both resigned from the venture firm, according to a statement from the firm’s remaining co-founder Jonathan Teo. The statement confirms reporting earlier in the evening on Sunday from Axios and comes as the investment firm struggles to remove the stain of allegations of sexual… Read More

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Tantan, China’s top dating app, raises $70M for monetization and overseas expansion push

 Chinese startup Tantan, which is probably most comparable to Tinder, has raised $70 million in new capital as it looks to monetize its business for the first time and explore overseas expansion options. Three-year-old Tantan claims 60 million ‘validated’ users — i.e. not fake accounts — of which six million are active on a daily basis. Of those active users, 75 percent… Read More

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Founder’s Corner: Wealthfront’s Andy Rachleff on growing a business

 Omidyar Network’s Emerging Tech team has launched the second season of its podcast, Founder’s Corner, with lessons from today’s premier founders and CEOs. We will be speaking with some of the top executives in tech. Read More

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The Baggizmo Wiseward is more than a wallet

 In a hole in your pants there lived a wallet. Not a nasty, dirty, wet wallet, filled with the receipts and cigarette papers and an oozy smell, nor yet a dry, bare, boring wallet that fit nothing and there nothing in it to sit down on or to eat: it was a Baggizmo wallet, and that meant lots of gadgetry. It had a perfectly flat folder design, with a programmable NFC chip installed. The wallet… Read More

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Pebble founder Eric Migicovsky and Airbnb growth lead Gustaf Alstromer join Y Combinator

 Y Combinator is officially adding three new team members to its roster this morning. Gustaf Alstromer, formerly product leader of Airbnb’s growth team, is joining YC as a partner. Meanwhile Pebble founder Eric Migicovsky is taking a visiting partner role and Jocelyn Robancho is coming on board to assist with organizing YC’s startup batches. Though Alstromer and Migicovsky… Read More

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