Costolo Says the Reality of Tech’s Gender Problem Is ‘Probably Way Worse Than We've Seen’
The former Twitter CEO comments on the recent allegations of sexual harassment in Silicon Valley.
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After Silicon Valley was rocked by several recent allegations of sexual harassment, former Twitter Inc. Chief Executive Officer Dick Costolo said that the reality of the gender dynamics in the industry is "probably way worse than we've seen so far."
"The investors in some of these venture firms are simply ignoring it, or paying lip service to it and ignoring it, and funding some of these enterprises anyway," Costolo said in an interview with Bloomberg TV. "It’s widely understood that some of these issues were things that had been said in the background and yet new funds were raised."