Homepage / Technology / Here's how one Silicon Valley start-up factory is dealing with a sexual harassment scandal
Bonver Casino Cz Hrací Automaty S Bonusem Zdarm Magazyn Żużel Speedway W Polsce I Na Świeci Zakłady Sportowe Online Autógrafo Bukmacherska 1xbe “Pin-up O Melhor Cassino Do Brasil Web Site Oficial ᐈ Jogar Caça-níquei Zakłady Sportowe Online Obstawiaj U Bukmachera Gg Be What Industries Use Virtual Data Room? Advantages of a Data Room What Does a Board Room Provider Do? Data Room Analysis for Venture Capital Funding The Importance of Board Reporting Software Safe Uploading and Downloading Business Files How to Select the Best Board Management Software How to Organize the Work of a Company “gerçek Parayla En Iyi Slot Makineleri Ve Spor Bahisler Which is the Best Podcast For Stock Market Beginners? Virtual Data Room Facts How to Protect Confidential Documents for Boards Advantages of Online Meetings Business Issues to Consider When Choosing a Data Room Provider What Is a Data Room? Virtual Board Room Software Due Diligence Risk Factors How to Choose a Reliable Tool for Data Exchange test Users535352253 Board Software and VDR Programs Business Operations Management Software Keep Data Safe and Protect Your Business Data How to Conduct a Board Self-Assessment Uncomplicated Ways to Simplify Daily Business Transactions Due Diligence Blog Digital Data Rooms for the Netherlands The New Era of Business Software and Reporting What Types of Businesses Use VDR Software? Ma Analysis Mistakes The Corporate Governance Role Board Room Apps Secure Board Management With Secure Board Portals What Happens at Board of Directors Meetings? Board Room Software Review How to Prepare Board Rooms for Effective Board Meetings Board Room Software Boosts Performance and Communication Selecting a Secure Data Room Review Local Data Room Service Review How to Find the Best Virtual Data Room Review What to Look for in a Data Room uk Provider Document Storage and Distribution Software Everything About VDRs Corporate Software Advantages How to Choose a Virtual Data Room Provider The Most Secure Way to Transfer Files How to Manage Online Board Meetings Benefits Virtual Data Room Solutions – Must-Haves for M&A and Due Diligence Best Data Room Functions for the Different Types of Industries How to Choose a VDR Software Provider How to Choose an Online Board Portal The Benefits of a Boardroom Review Board Room Online Solutions – How to Get the Most Out of Your Board Meetings Why You Need a Board Room How a Board Room Blog Can Transform Your Business Choosing the Best Board Room Format How to Have Productive and Engaging Board Directors Meetings Choosing the Right Virtual Data Room How to Keep Safe Documents Storage Teaching Kids About Online Safety Avoid Costly Mistakes With Free Data Room Services Corporate Virtual Data Unlimited Data Room Software For Due Diligence Leading Business Software Features to Look For Secure Online Data Rooms Solutions How to Keep Share, Edit and Delete Your Data Safe Virtual Data Room Software Secrets for M&A Due Diligence What to Look For in Boardroom Providers Board of Directors Blog Posts How to Deliver Value at Your Board Meetings How to Have Effective Board Meetings Responsibilities of Board Members Deal Management – How to Effectively Manage a Complex Sales Pipeline Data Rooms For Mergers And Acquisitions How to Have a Successful Board Room Meeting Choosing a Board Room Service Provider What is a Board Room Service? Board Room Software Review – Choosing the Best Portal for Mother Board Meetings Why a Board Room Providers Review Is Important What Is a Board Room Review? Venture Software for VC Firms What Is an Assessment Report? The Importance of a Tech Audit Popular Business Applications What to Look For in a Data Room App What Are Business Applications? How to Choose a Virtual Data Room How to Plan a Data Room Review Coronavirus Guide What is a Virtual Data Room? What Is Data Science? What Is an Operating System? Turbotax Small Business Review How Online VDRs Are Used in M&A Deals Why Choose VDR Software?


Here's how one Silicon Valley start-up factory is dealing with a sexual harassment scandal

If you squinted just hard enough, it looked like the sexual harassment scandal had battered someone else, not them.

Tuesday appeared to be another routine Demo Day for 500 Startups, where a batch of its 31 new chosen companies worked a spartan room, wooing bankers with friendly eyes and over-eagerly digging for business cards. Over cabernets and bourbon-glazed meatballs, investors gossiped about which of the accelerator program’s chosen startups was the surest winner or the most certain dud.

“There are three that I really liked,” one possible funder told another, offering a report card much like she might at any other Demo Day.

But on the other side of the room at the Computer History Museum, a unique conversation unfolded: “It’s so weird when change happens in an organization,” one 500 Startups employee was overheard saying.

It has been less than a month since Dave McClure, a well-known venture capitalist and 500 Startups co-founder, had resigned from his firm in disgrace after admitting he sexually harassed several female entrepreneurs. And so this celebration of its hand-plucked startups on Tuesday served as something of an early test in Silicon Valley for just how deep the scars run for venture capital firms rocked by the explosive allegations that are still landing weekly.

Some startups were apprehensive.

“Maybe people want to stay away from 500 because the brand is so toxic?” Nihal Advani, the CEO of one of the firm’s supported startups, Georama, said about what he was thinking as Tuesday approached. “We were concerned Demo Day was going to be quite flat.”

An early verdict? Investors and founders like Advani are describing the wreckage at 500 Startups as isolated to McClure — arguing that high interest in one of their landmark events means that the tech industry isn’t going to brand a whole network of startups with a scarlet letter.

Indeed, a steady rush of investors paced from table to table on Tuesday with little concern (though few were from what would be considered top-of-the-class firms).

“What [McClure] and the rest of the people did shouldn’t really have any negative consequences,” said angel investor Amos Ben-Meir as he shopped for companies on the floor. “Most investors I talk to say the same thing.”

But in a candid admission Tuesday, McClure’s successor as CEO, Christine Tsai, recognized her company’s reputation as damaged after his conduct became public — behavior that 500 Startups said it knew about but nevertheless did not disclose until reporters came calling.

“For many of you, this was a confusing, emotional time where you probably questioned the 500 that you knew,” Tsai told a quiet ballroom that some of the 400 in attendance later recounted as surprisingly bare. “This mission is much bigger than just one person. And it’s way too important to be taken down by one person’s mistakes.”

Those comments, delivered unprompted at the outset of Tuesday afternoon’s demos, were the sole recognition of the drama that both funders and entrepreneurs say they are trying to tune out.

“I appreciate it when people confront things and are direct about it,” said one attendee, who confided the fallout had caused her to second-guess whether she wanted to be associated with Tuesday’s event. Tsai’s remarks reassured her.

As allegations pile up across the industry, venture capital firms in the crosshairs are struggling to salvage their reputations, which almost always have historically been driven by their bottom lines, not out-of-office conduct. Already one firm, Binary Capital, has essentially imploded amid harassment allegations.

One investor noted it was hard for McClure’s negative publicity not to splatter on the companies 500 has supported. Others also warned that in-demand startups could flee from 500 Startups’ tarnished brand in the future.

“You’re going to see the real answer in the next couple of months — the next batch,” said Carlos Montenegro, a Brazilian investor at Startup Farm, who speculated the quality of those in the accelerator program could decline thanks to the scandal. “It was a big hit.”

Even though Tsai, who declined a Recode interview request, has not mounted an aggressive public defense of 500 Startups, the founders of its supported startups say that she has briefed them more thoroughly on McClure’s ouster.

One recent graduate of the accelerator program said Tsai was interviewing former graduates about their experiences and appeared receptive to new women-specific programming.

But the cascading scandal had also led frustrated 500 Startups graduates to chat about the scandal via an internal communication system, the graduate said.

In the meantime, the venture capital firm is keeping on its happy face. Founders were proud that 500 Startups had packed the Computer History Museum with attendees. And for the first time in the event’s history, none of them was Dave McClure.

By Theodore Schleifer, Re/code.net.

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

Source: Tech CNBC
Here's how one Silicon Valley start-up factory is dealing with a sexual harassment scandal

Comments are closed.