McClure raises $30m for new fund called ‘500 Startups’

SEC filings show McClure has raised $30m for his new fund, which will be called “500 Startups”. McCLURE: 500 Startups is a new, edgy, risk taking seed fund which invests in early stage consumer internet companies. Incubator/seed investment funds are popping up left and right and we’re looking to differentiate ourself through edgier design. Our […]

Asks users for donations to fix site

Recent site slowdowns—and, in some cases, outright outages—have prompted programmer Mike Schiraldi to issue a call for help: He’s asked users to become Reddit subscribers for a donation of “whatever you want” in an effort to raise money to hire more resources to fix the site’s issues. when asked why Reddit just turn to parent […]