Homepage / Technology / Stitch Fix’s CEO complained about the behavior of embattled investor Justin Caldbeck years ago
Best Alternatives of VPN Software New Step by Step Roadmap for Marijuana News Privately owned Internet Access Avast Review Powerful Deal Achievement Top Rated Free VPN Services Adaware Review – Is Adaware Review Right For You? Ideal Legit Snail mail Order Bride-to-be Sites To Decide On In 2023 & Feedback Thailänder Brides Pleasant Thai Mailbox Order Wedding brides To Marry Tes Powerful Interracial Marriages Exquisite Interracial Lovers How to begin a Successful Wife Search Getting married to a Russian Child The right way to Meet Delightful Ladies Around the World To recognize Know About Ukrainian Single Girls Dating The Different Types of Sugar Daddies The key benefits of Dating a Latina Top 5 International Dating Sites Russian Women Seeking Men Overseas Cookware Interracial Lovers and the Backlash Against All of them Getting the Marriage License and Wedding ceremony Done Correct How to pick the Best Web based Marriage Company Delightful Interracial Lovers Crucial Russian Females Dating Suggestions for Men Top five Romantic Honeymoon Destinations Just what Soulmate? Web based Relationships Suggestions Setting Expectations just for Online Sugar Daddy Arrangements Marital relationship License and Ceremony Why Are Latinas Heated? Getting Foreign Bride-to-be Tips on how to Propose — What’s the Best Way to Say “I Do”? Dating Etiquette — The Modern Rules of Seeing A Quick Guide to the Use of NLP in Chatbots How you can Have a cheerful Marriage The right way to Fix a Relationship With out Hurting Your companion How to Spice Up a lengthy Distance Relationship The main advantages of Online Dating What is the Best Female Race to Marry? Western european Women Stereotypes Why Asian Girls Like Bright white Guys How to Succeed in On the web Relationships Top 5 Online Connections Tips Top 5 Online Connections Tips Leading Countries With Best Foreign Brides Powerful Interracial Relationships Asian Wedding Icon Meanings Where to Find a Deliver Order Star of the wedding For what reason Asian Girls Like Light Guys Asian Brides Via the internet 5 Latina Wedding party Traditions Will possibly not Have Dreamed about When should you Stop Online dating Other People in Online Dating Latina Relationship Interaction Styles How to Find a Bride On line Good Interracial Relationships Oriental Wedding Practices Top five Online Relationships Tips The right way to Meet Overseas Woman and Create a Longer Distance Romantic relationship Where to Meet Latina Mail Buy Brides Where to get a Hot Asian Star of the event Precisely what is the Best Female Race to Marry? Mixte Marriage and Asian Ladies Mixte Marriage and Asian Ladies Mixte Marriage and Asian Ladies Handling Modern and Traditional Principles in Oriental Relationships Cookware Woman That Want to Marry Browse Online Dating Websites Reviews Ahead of You Subscribe What Country Offers the Best Wives? Singaporean Wedding Customs – Blending Tradition and Modernity Effective Interracial Partnerships Ways to Express Take pleasure in in a Long Distance Romantic relationship Marriage ceremony Tradition in Thailand Damaging Communication in Relationships The Best Place to Meet a very good Woman Amazon says this Prime Day was its biggest shopping event ever Kudlow says President Trump is 'so dissatisfied' with China trade talks that he is keeping the pressure on As stocks regain their footing, an ominous warning looms Goldman Sachs downgrades Clorox to sell, says valuation is 'unsustainably high' How Satya Nadella has spurred a tripling of Microsoft's stock price in just over four years Kudlow says economic growth could top 4% for 'a quarter or two,' more tax cuts could be coming The one chart that explains Netflix’s stunning comeback US housing starts plunge 12% in June to a nine-month low Aerospace titans Boeing and Airbus top $110 billion in orders at Farnborough Target uses Prime Day to its advantage, logging its 'biggest online shopping day' so far this year Billionaire Marc Lasry sees bitcoin reaching up to $40,000 as it becomes more mainstream and easier to trade These are the 10 US airports where you're most likely to be hacked Amazon shares slightly higher as investors await Prime Day results Wreck of Russian warship found, believed to hold gold worth $130 billion A bullish ‘phenomenon’ in bond market is weeks away from fading, top credit strategist says Stocks making the biggest moves premarket: MS, GOOGL, TXN, UAL, NFLX & more Twitter shares up 50% since late April means most upside priced in, analyst says in downgrade EU fines Google $5 billion over Android antitrust abuse Mortgage applications fall 2.5% as buyers struggle to find affordable homes America may not have the tools to counter the next financial crisis, warn Bernanke, Geithner and Paulson Investors are getting spooked as the risk of a no-deal Brexit rises EU expected to fine Google $5 billion over Android antitrust abuse Ex-FBI chief James Comey urges Americans to vote for Democrats in midterm elections Elon Musk apologizes to British cave diver following baseless 'pedo guy' claim Disney, Comcast and Fox: All you need to know about one of the biggest media battles ever Xiaomi shares notch new high after Hong Kong, mainland China stock exchanges reach agreement

Technology

Stitch Fix’s CEO complained about the behavior of embattled investor Justin Caldbeck years ago

Years before the venture investor Justin Caldbeck made unwanted advances toward the female founders who just came forward about the behavior, he made the CEO of Stitch Fix feel uncomfortable enough that she requested his removal as his firm’s observer to her board of directors, according to multiple sources.

The CEO, Katrina Lake — who is now one of the most prominent female entrepreneurs in the tech industry as head of the popular e-commerce platform Stitch Fix — complained to Caldbeck’s then-employer, Lightspeed Venture Partners. The venture firm then removed Caldbeck from his role, said sources.

More from Recode:
David Trujillo will replace David Bonderman on Uber’s board
A former Binary Capital employee is suing Justin Caldbeck and the VC firm
Venmo is testing its own physical debit card

Caldbeck had led an investment in Stitch Fix on behalf of Lightspeed in early 2013, according to reports. He left Lightspeed in 2014 to co-found Binary Capital.

He has since resigned from that firm after the news broke of the allegations of sexual harassment. Caldbeck said, “to say I am sorry about my behavior is a categorical understatement,” and apologized to the women he made feel uncomfortable. That was a turnabout, since he initially denied that he had behaved unprofessionally.

On Tuesday, Lightspeed issued a statement referencing the controversy involving Stitch Fix, and said the firm “should have done more.” But it did not identify Lake or the company by name. The Information and Axios previously reported that a woman leading a Lightspeed portfolio company had also complained about Caldbeck.

While multiple sources confirmed that Lake made that complaint to Lightspeed about Caldbeck, Recode does not have more details. Stitch Fix and Lake, as well as Lightspeed, declined to comment.

Update: Stitch Fix’s Lake released the following statement after publication:

“Female entrepreneurs are a critical part of the fabric of Silicon Valley. It’s important to expose the type of behavior that’s been reported in the last few weeks, so the community can recognize and address these problems. I’m encouraged by the discussions that have been taking place and I intend to play a part in making positive changes in our industry.”

After he left Lightspeed and the board of Stitch Fix, according to reports, Caldbeck continued his inappropriate behavior toward women entrepreneurs.

That includes an incident in 2015, reported by The Information, in which Caldbeck sent unwelcome text messages to another female entrepreneur to meet up late at night. He later allegedly physically grabbed yet another woman seeking an investment during a meeting.

Unfortunately, the alleged treatment of these women and also Lake by Caldbeck is not uncommon, as evidenced by the recent investigations at Uber over similar issues.

Lake has certainly proven her mettle as an entrepreneur, regardless of gender. She has built Stitch Fix into a giant online retailer with sales of $730 million, as of last year. The startup is a candidate to go public as soon as this year, according to many familiar with its business.

It’s certainly one of the more exciting startups out there in retail. Stitch Fix is a personalized styling service that sends its customers — it sells to both men and women — a regular box of clothing and accessories that can be returned. It uses an algorithm, along with stylists, to determine what to provide shoppers.

What is clear is that Lake is one of the highest-profile women in the tech industry to date to have made a complaint about Caldbeck’s behavior.

In the original Information story, six women told their stories of unwanted advances and, in one instance, of groping involving Caldbeck. Three of them — Niniane Wang, who has served as CTO of Minted and is the founder of Evertoon, as well as Susan Ho and Leiti Hsu, co-founders of the startup Journy — went on the record with their stories.

We also reached out to Caldbeck for comment, but have not heard back.

This article originally appeared on Recode.

Like this story? Like CNBC Make It on Facebook.

Don’t miss: 3 actions this felon-turned-CEO took to turn his life around

CNBC’s parent NBCUniversal is an investor in Recode’s parent Vox, and the companies have a content-sharing arrangement.

Source: Tech CNBC
Stitch Fix’s CEO complained about the behavior of embattled investor Justin Caldbeck years ago

Comments are closed.