Khosla sues entrepreneur for fraudVinod Khosla's venture capital firm has sued the former CEO of a failed portfolio company, accusing him of fraud and extortion. But it's not really about recovering the $60 million that Khosla Ventures invested, since that money is long gone. Instead, it's about getting back at what Khosla believes is a duplicitous executive by exposing his alleged misdeeds. [ Axios ] A self-driving-car startup filled with ex-Apple engineers is talking to Softbank about a funding round that could value it at $3 billionZoox, a stealthy self-driving-car startup, is in talks with Japan's Softbank about raising a big round of funding, Axios' Kia Kokalitcheva reported on Monday. The new round could value the three-year old Silicon Valley startup at a hefty $3 billion to $4 billion, according to the report. [ Business Insider ] The cofounders of Google DeepMind have backed Entrepreneur First in a $12.4 million roundEntrepreneur First has raised $12.4 million (£9.4 million) from a host of big name investors that includes the cofounders of DeepMind as it looks to become the number one company builder in the world. The funding round was led by Silicon Valley venture capital firm Greylock Partners, which backed Airbnb and Facebook in their early days. Reid Hoffman, a partner at Greylock and the cofounder of LinkedIn, has joined the board at Entrepreneur First. Entrepreneur First was founded by Matt Clifford and Alice Bentinck in 2011. The company aims to attract highly technical individuals and partner them with like-minded people who have the potential to build successful technology startups. [ Business Insider ] This walkie talkie app got six million new users in one week as Florida prepared for Hurricane Irma People in Florida are using the app to get real-time updates on the hurricane.Naval Ravikant: "There's no doubt you're better off after selling your company for a zillion dollars"The response to our “Beyond The Series B” podcast series - curating the best advice from the Pando monthly archive - has been incredible. In fact the only (not really) complaints we’ve received are from listeners who want more. There are so many hours of interviews, packed with so much invaluable advice, that we’ve inevitably had to leave out some great stuff. Which brings me to a new series-within-a-series, starting today. You could call it “Beyond Beyond The Series B”: Over the next few weeks, we’re going to publish longer transcripts from Pando Monthly, Pandoland and our various other events and podcasts - giving you even more context, and even more wisdom from our dozens of guests. Today’s complete transcript comes from our PandoMonthly interview with Naval Ravikant, co-founder of AngelList. [ Pando ] Ellen Pao On Sexism In Silicon Valley: Uber Isn't The Only Bad AppleAbout halfway through her gripping new book, in a chapter called 'The Last Straw,' Ellen Pao details the research she did before suing her former employer, venture capital giant Kleiner Perkins Caulfield & Byers, in 2012. Pao, then a junior partner at the firm, was preparing to sue the company for sexual harassment, discrimination and retaliation in what was to become the most prominent suit of its kind in Silicon Valley history. [ Forbes ] The CEO of Social Finance will step downOne month after reports of a sexual harassment and wrongful termination lawsuit against the online lending startup Social Finance came to light, the company has announced that its hard-charging chief executive Michael Cagney will be stepping down at the end of the year. The company said that it has already begun a search for Cagney’s successor and that he will remain in the executive role until a replacement is found. [ TechCrunch ] Silicon Valley's blind spots are costing venture capitalists huge opportunitiesIn 1991, ten-year-old Jerry Nemorin and his family escaped civil war in Haiti and resettled in Florida. Jerry’s first experience with the US financial system was when his mom tried to buy a car. Twenty-five years later, Jerry still remembers the sign above the auto lot: “BUY HERE, PAY HERE.” Jerry’s mom was an immigrant and didn’t have any credit, so she took out a loan directly from the shop. “I was only twelve,” remembers Jerry, “but looking through the loan documents, I saw that the interest on the loan would cost more than the car itself.” But Jerry’s mom didn’t have a choice. [ Business Insider ] LinkedIn Co-Founder Hoffman to Invest in U.K. Startup HubThe venture capital firm led by LinkedIn Corp. co-founder Reid Hoffman has invested in Entrepreneur First, a London-based hub for startups, alongside Mosaic Ventures and Founders Fund. Greylock Partners led the $12.4 million funding, which also included Lakestar Capital, and Demis Hassabis and Mustafa Suleyman, the founders of DeepMind, according to a statement from Entrepreneur First. Hoffman’s involvement was first reported by Bloomberg. [ Bloomberg ] Fashion marketplace Zilingo nets $17m round led by Sequoia and BurdaIndia's Biggest Online Matchmaker Opens Its IPOWeWork raised $4.4 billion in 3 months — here's how the co-working giant became the most valuable startup in New York CityThe Challenges a Repeat Founder Faces - Tikhon BernstamAs Global Startup Exits Grow, Europe Sees Its Profile RiseSilicon Valley Education Foundation chief steps down |