VC Dave McClure Resigns After Women Complain About His Behavior
- 500 Startups partner Yin quits over lack of transparency
- VC firm backer Kapor says tech sector has gone ’deeply awry’
Dave McClure.
Photographer: Justin Chin/BloombergThis article is for subscribers only.
Dave McClure, co-founder of early-stage venture capital fund 500 Startups, resigned as general partner after several women said he harassed them.
His departure reflects the widening fallout from revelations of sexual misconduct by Silicon Valley investors toward founders. A growing litany of accounts of unwelcome advances is laying bare the power imbalance between mostly male venture capitalists and the entrepreneurs who rely on them to get new businesses off the ground.