It operated through an events company called Wrong Agency, started by Yiannopoulos and David Rosenberg, a friend from Cambridge University.The company was dissolved shortly after the ceremony that awarded the top start-up.
He also claimed the video has been edited to give a misleading impression.
Yiannopoulos stated that: "I will not apologize for dealing with my life experiences in the best way that I can, which is humour.
No one can tell me or anyone else who has lived through sexual abuse how to deal with those emotions.
But I am sorry to other abuse victims if my own personal way of dealing with what happened to me has hurt you." In the press conference, Yiannopoulos declined to identify his abusers or describe the incidents in any detail.
BERLIN42 founding partner Aydogan Ali Schosswald would join its newly formed publishing company, Kernel Media, as chief executive.