McClure steps back at 500 Startups after internal sexual misconduct investigation


Dave McClure, the founder and public face of 500 Startups — one of the most prolific and best-known accelerator programs for early stage companies — has stepped away from managing the firm he set up (and largely built in his own image).

McClure is the latest venture capitalist to be ensnared in the industry’s investigations into alleged sexual misconduct by investors with women that they were supposed to be mentoring or backing financially or simply professionally.

News of McClure’s departure was first reported by The New York Times.

Since revelations of sexual misconduct at the venture capital firm Binary Capital (by its co-founder Justin Caldbeck) first appeared at the Information, basically unraveling the firm, other women entrepreneurs have come forward to share their…

Read Story