The 23-year old head of the US-based social loyalty marketing company 500Friends is reportedly the youngest entrepreneur Intel Capital has ever backed.
US-based chipmaker Intel’s corporate venturing unit has reportedly backed the youngest entrepreneur in its history, investing in the $4.5m round raised by US-based social loyalty marketing company 500Friends.
Justin Yoshimura, 500Friends’ founder, is the youngest chief executive ever backed by Intel Capital and venture firm Crosslink Capital, which also took part in the series A round, news provider TechCrunch said. His business helps e-commerce retailers market on social networks.
Yoshimura grew a lemonade business to 25 locations and he dropped…
