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Recode Daily: 500 Startups co-founder Dave McClure is replaced as CEO because of his inappropriate behavior toward women

Plus, Reid Hoffman on why Silicon Valley is still so successful at incubating startups, despite the latest turmoil.

500 Startups founder Dave McClure and Jalak Jobanputra, founding partner of FuturePerfect Ventures, on the Centre Stage of the 2015 Web Summit in the RDS, Dublin, Ireland.
Stephen McCarthy / Sportsfile / Getty Images)

Dave McClure is no longer running tech incubator 500 Startups after an internal investigation revealed he had behaved inappropriately toward women; co-founder Christine Tsai is now CEO. McClure apologized and said in a blog post that he deserves to be called a “creep” because of his actions.
[Kara Swisher / Recode]

Tumblr’s uncertain future demonstrates the difficulty of monetizing internet culture. Acquired by then-Yahoo CEO Marissa Mayer for $1 billion in 2013, Tumblr hasn’t quite figured out how to grow a sustainable business at a Facebook level.
[Brian Feldman / New York Magazine]

Alibaba will introduce an Amazon Echo-like device for Chinese consumers as soon as this week. The voice-enabled speaker will likely heighten the competition for Amazon, Google and Apple when they look to market their own digital assistants in China.
[Liza Lin / The Wall Street Journal]

LinkedIn founder Reid Hoffman explains Silicon Valley’s staying power as the center of tech on the latest episode of Recode Decode, hosted by Kara Swisher. Hoffman, also a partner at Greylock Partners, says the Valley excels in what other areas can’t do: Scaling up very quickly.
[Eric Johnson / Recode]

Bonobos CEO Andy Dunn and Williams-Sonoma CEO Laura Alber will speak at September’s Code Commerce event in New York City, where retail and commerce industry leaders will explore the convergence of digital and physical.
[Jason Del Rey / Recode]

Top stories from Recode

SpaceX delays the launch of its Falcon 9 rocket less than 10 seconds before liftoff.
The launch was automatically aborted by a computer.

CNN says President Trump’s tweet encourages violence against reporters.
The network responded to a tweet of a video clip of President Trump beating up a wrestler with the CNN logo on his face.

Elon Musk’s car tunnel gets an elevator next week.
He started digging in the SpaceX parking lot.

Drones may soon have to identify themselves electronically while in flight.
The FAA wants to create a remote drone identification system.

Facebook found a new way to identify spam and false news articles in your News Feed.
People who post 50-plus times per day are likely sharing spam or false news, Facebook says.

Watch Toyota’s new robot assistant help a disabled American veteran.
The robot was able to fetch water and open doors for a quadriplegic.

This is cool

Boom times
Fireworks are dangerous and loud and can only be used once — they’ll probably be replaced by drones someday soon. But until then, people are using drones — remote-controlled airborne cameras — to get a previously unimaginable view of the light show in the sky. And here’s how to prepare and comfort your pets during tomorrow’s noisy night.
[Thomas Germain / Consumer Reports]

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