Pishevar Steps Down From His VC Firm After Misconduct Claims

Shervin PishevarPhotographer: Anindito Mukherjee/Bloomberg
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Shervin Pishevar stepped down from the venture capital firm he co-founded after multiple women accused him of sexual misconduct.

The move follows his decision last week to take a leave of absence from his duties at the venture firm, Sherpa Capital; transportation startup Virgin Hyperloop One, which he cofounded and where he served as co-executive chairman; and other corporate boards. Pishevar, known for his early investment in Uber Technologies Inc. and political connections, denied all allegations of inappropriate conduct.