Those are the words of veteran Silicon Valley investors Mitch and Freada Kapor, in a statement issued shortly after the resignation of Dave McClure from 500 Startups. Elizabeth Yin, a partner at 500 Startups, resigned on Monday as well, she confirmed to CNN Tech. The Kapors were early investors in 500 Startups, an accelerator and investment firm that McClure cofounded in 2010. This is not just a case of a few bad actors," the Kapors wrote in the statement, sent to CNN Tech. After McClure's resignation, the Kapors said they'd be "engaged" with 500 Startups' founders, partners and employees as Limited Partners in the company.

Source: CNN July 03, 2017 23:37 UTC