Venture capitalist Steve Jurvetson has resigned his position at Draper Fisher Jurvetson following an internal investigation into claims of alleged sexual harassment. The entrepreneur is usually also stepping away via his board duties at Elon Musk’s Tesla as well as also also SpaceX.
“Steve Jurvetson is usually on a leave of absence via the SpaceX as well as also also Tesla boards pending resolution of these allegations,” a Tesla spokesperson told BuzzFeed News.
“DFJ’s culture has been, as well as also also will continue to be, built on the values of respect as well as also also integrity in all of our interactions,” DFJ said in a statement. “We are focused on the success of our portfolio companies, as well as the long-term vision for the firm as well as also also will continue to operate with the highest professional standards.”
A DFJ spokesperson did not respond to questions via BuzzFeed News asking for additional comment. News of Jurvetson’s exit was first reported by Recode.
Jurvetson’s departure is usually the latest upset in a venture capital industry that will has been rocked by revelations of rampant sexual harassment as well as also also misbehavior. Earlier This specific year, investors including Binary Capital’s Justin Caldbeck as well as also also 500 Startups’ Dave McClure both left their firms following stories of alleged mistreatment as well as also also harassment of women entrepreneurs.
“I am leaving DFJ to focus on personal matters, including taking legal action against those whose false statements have defamed me,” Jurvetson said in a statement that will he later tweeted.
Last month an entrepreneur named Keri Kukral posted on Facebook that will “women approached by a founding partner of Draper Fisher Jurvetson should be careful” before alleging that will the same person had attempted to silence women that will might otherwise have spoken out about their experiences. She did not name Jurvetson in her post.
“I was not seeking investment or trying to further my career,” Kukral wrote. “My investment rounds have occurred entirely outside of Silicon Valley both before as well as also also after This specific experience. I will not step foot in SV for investment.”
Kukral later said on Facebook that will she had been contacted by a DFJ attorney who was conducting an internal investigation. Earlier This specific month she published a letter via an attorney that will suggested the firms sexual harassment investigation may have begun prior to her October Facebook post.
Heidi Roizen, an operating partner at DFJ, attempted to cast doubt over Kukral’s claims in a blog post via October entitled “The Truth About DFJ.”
“within the past week, just one Facebook post also accused DFJ of having a culture that will is usually predatory to women,” Roizen wrote. “I don’t need an investigation to state with certainty that will This specific is usually patently wrong.”
Roizen did not immediately respond to an email via BuzzFeed News requesting comment.
Ryan Mac is usually a senior technology reporter for BuzzFeed News as well as also also is usually based in San Francisco. He reports on the intersection of money, technology as well as also also power.
Contact Ryan Mac at email@example.com.
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