HQ Trivia was getting ready to raise money at a $100 million valuation, but some investors are reportedly backing off after learning about a founder's 'creepy' behavior
- The company that makes the HQ trivia app has been taking meetings with investors, hoping to raise money at a $100 million valuation.
- But some investors are concerned about the startup's management, including one cofounder's behavior at a previous job, and they decided not to participate in the funding round, Recode reported on Monday.
Intermedia Labs, the maker of the hot trivia app HQ, was seemingly on track to raise money at a $100 million valuation, but Recode's Kurt Wagner reports that some investors decided they weren't interested after hearing about what sources described as a cofounder's "creepy" behavior toward women during his previous job at Twitter.
From the Recode report, published Monday:
"At least three prominent investors have decided against funding the startup after finding troubling conduct on the part of the founders they uncovered during due diligence, multiple sources say."
The Recode report says that investors were worried about Colin Kroll's behavior while he was working on the Vine team at Twitter but that there were no specific details.
Kroll founded Vine along with HQ's other founder, Rus Yusupov. Both men started Intermedia Labs, HQ's parent company, of which Yusupov is also CEO.
Recode reports that investors also pointed to Yusupov's recent tirade against a Daily Beast reporter as concerning.
Yusupov did not immediately respond to a request for comment on the report and the allegations of inappropriate behavior against Kroll.
Jeremy Liew, a venture capitalist who sits on Intermedia Labs' board, told Recode in a statement that he investigated Kroll's past behavior and "did not find evidence that warrants his removal from the company."
Read more details at Recode »
Curious about how the HQ trivia app works? Read our walkthrough »
SEE ALSO: The FCC repealed net neutrality — here's what that means for you
Join the conversation about this story »
NOW WATCH: Meet Scott Rogowsky — the host of the hot new mobile game show HQ Trivia
Contributer : Tech Insider http://ift.tt/2kfwebA
No comments:
Post a Comment