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Dave McClure Wants to Buy Back Stake in 500 Startups

Dave McClure, co-founder of 500 Startups, is raising $10 million for a special purpose vehicle to purchase a stake from limited partners in the venture firm and startup accelerator’s debut fund, according to an Axios report. The firm raised its first fund, a $29.6 million vehicle, in 2011, according to PitchBook. McClure resigned as a general partner at 500 Startups in 2017 following...

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The Investors Who Face Big Losses From the Quibi Collapse
The Investors Who Face Big Losses From the Quibi Collapse

On Wednesday, video startup Quibi told its investors that it will shut down, a dramatic collapse of a digital media startup that launched just six months ago. Now those investors—from Quibi CEO Meg Whitman to Google, Facebook and J.P. Morgan—are facing losses and figuring out what they may recoup from the flop.

Quibi revealed to investors Wednesday afternoon that, after paying ...

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