Investor resigns as sexual harassment scandals sweep Silicon Valley
San Francisco — A sexual harassment scandal sweeping the Silicon Valley startup world intensified on Monday as high-profile investor Dave McClure resigned from his firm, 500 Startups, while another partner quit in protest and a second female entrepreneur came forward with allegations of misconduct. McClure’s resignation came after entrepreneur Sarah Kunst accused the investor of sexual harassment in a New York Times story published on Friday. 500 Startups initially responded by saying it had previously demoted McClure after an investigation. "In best interest of @500Startups & at request co-founder @christine–tsai, I am resigning effective immediately," McClure wrote on Twitter. The firm confirmed the resignation. Also on Monday, Elizabeth Yin, who has been a partner with 500 Startups since October 2014, said in a note to colleagues that she had resigned from the firm on Saturday after members of the management team continued to deny misconduct on McClure’s behalf. The turmoil at 50...
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