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Venture capitalists have long had godlike status in the tech industry. But now, after allegations of sexual harassment and misconduct have led to the resignations of Justin Caldbeck of Binary Capital and Dave McClure of 500 Startups, the industry's once-celebrated kingmakers are facing pressure from founders and limited partners to clean up their act.
Badly shaken over a flood of female founders accusing investors of sexual harassment, Silicon Valley's venture capital community is searching for a new kind of pitch – one that will end unwanted workplace come-ons, groping and off-colour jokes.
Even as Silicon Valley applauds the bravery of more than a dozen women who have come forward to report sexual harassment in recent weeks, some tech companies and venture capital firms muzzle their own employees with policies that prevent them from speaking out.
It started with a few women speaking up, reporting a suggestive text message, an invitation to a hotel room, an unwanted touch under a table.
PETALING JAYA: Tech entrepreneur Cheryl Yeoh says she will not be pressing charges against a prominent American venture capitalist whom she alleged had sexually assaulted her three years ago.
TOKYO: A senior executive at the Cool Japan Fund, a government-backed investor in businesses that promote Japanese culture, has been accused of seeking dates and trips with women working there.
A growing chorus of voices denouncing sexist culture is echoing through male-dominated Silicon Valley, knocking a number of Internet industry executives from their perches.
THIS has been the year of “brave” women. And I’m getting sick and tired of women having to be so brave.
SAN FRANCISCO: A growing chorus of voices denouncing sexist culture is echoing through male-dominated Silicon Valley, knocking a number of Internet industry executives from their perches.