Uber board moves draw CEO’s ire
Former Uber chief Travis Kalanick appointed two more people to the company’s board. They are Ursula Burns, former CEO of Xerox, and John Thain, former CEO of Merrill Lynch. The decision apparently didn’t go over well with Uber’s new chief, Dara Khosrowshai, and the company issued a statement calling the appointments “a complete surprise to Uber and its board.”
KSQ Therapeutics raises $76M
KSQ Therapeutics, a drug development company that uses genomic screening tools, has raised $76 million in a financing round led by Flagship Pioneering and joined by Polaris Partners, ARCH Venture Partners, and Alexandria Equities. The Cambridge, Mass.-based company also announced that it hired a new CEO, former Genzyme chief David Meeker.
Toronto dominates Canada startup scene
Canada’s three big entrepreneurial ecosystems are in Toronto, Montreal, and Vancouver. But it’s Toronto that is far and away the biggest startup hub, home to nearly half of the venture capital dollars invested in Canada since 2012, Crunchbase News reports… In other news we recap the first season of our Proust Goes Tech series.
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