The backlash now suggests that those successes are no longer enough to excuse the anything-goes conduct of some investors and entrepreneurs. The sexual assault claim moved 500 Startups’ management to remove Mr. McClure from day-to-day operations of the firm in May, according to Ms. Yin’s letter. Mr. McClure did not immediately respond to a request for comment. Cheryl Yeoh, an entrepreneur in Malaysia, posted online about being propositioned by Mr. McClure in 2011 and assaulted in 2014. In response, 500 Startups said, “We appreciate Cheryl speaking up and realize how upsetting and painful it is for her to have gone through that experience and have the courage to speak up.”

Source: New York Times July 04, 2017 00:56 UTC