Following a surge in allegations of sexual misconduct by tech VC Dave McClure, both McClure and business partner Elizabeth Yin have announced they're parting ways with the firm, if on somewhat different terms. Power dynamics are the key to sexual harassment / sexual assault, and removing Dave from a position of power seemed like the right course of action ... However, as time progressed, it became clear that he was still involved with 500 Startups on a day­-to­-day basis. He continued to be vocal and active in all 500 Startups Slack channels, influencing key business decisions. 500 Startups was reached out to for comment.

Source: Forbes July 04, 2017 03:04 UTC