VC Steve Jurvetson On Leave From Tesla And SpaceX Boards Following Sexual Harassment Investigation
Venture capitalist Steve Jurvetson has resigned his position at Draper Fisher Jurvetson following an internal investigation into claims of alleged sexual harassment. The entrepreneur is also stepping absent from his board duties at Elon Musk’s Tesla and SpaceX.
“Steve Jurvetson is on a leave of absence from the SpaceX and Tesla boards pending resolution of these allegations,” a Tesla spokesperson told BuzzFeed News.
“DFJ’s culture has been, and will continue to be, built on the values of respect and integrity in bar not anyone of our interactions,” DFJ said in a statement. “We are focused on the success of our portfolio companies, as well as the long-term vision for the firm and will continue to function with the highest professional standards.”
A DFJ spokesperson did not respond to questions from BuzzFeed News asking for additional comment. News of Jurvetson’s exit was first reported by Recode.
Jurvetson’s departure is the latest upset in a venture capital industry that has been rocked by revelations of rampant sexual harassment and misbehavior. Earlier this year, investors including Binary Capital’s Justin Caldbeck and 500 Startups’ Dave McClure both left their firms following stories of alleged mistreatment and harassment of women entrepreneurs.
“I am leaving DFJ to focus on personal things, including taking legal action against those whose fallacious statements contain defamed me,” Jurvetson said in a statement that he later tweeted.
final month an entrepreneur named Keri Kukral posted on Facebook that “women approached by a founding partner of Draper Fisher Jurvetson should be careful” before alleging that the same person had attempted to silence women that might otherwise contain spoken out approximately their experiences. She did not name Jurvetson in her post.
“I was not seeking investment or trying to further my career,” Kukral wrote. “My investment rounds contain occurred entirely external of Silicon Valley both before and after this experience. I will not step foot in SV for investment.”
Kukral later said on Facebook that she had been contacted by a DFJ attorney who was conducting an internal investigation. Earlier this month she published a letter from an attorney that suggested the firms sexual harassment investigation may contain begun prior to her October Facebook post.
Heidi Roizen, an operating partner at DFJ, attempted to cast doubt over Kukral’s claims in a blog post from October entitled “The Truth approximately DFJ.”
“In the past week, a single Facebook post also accused DFJ of having a culture that is predatory to women,” Roizen wrote. “I don’t need an investigation to state with certainty that this is patently wrong.”
Roizen did not immediately respond to an email from BuzzFeed News requesting comment.
Ryan Mac is a senior technology reporter for BuzzFeed News and is based in San Francisco. He reports on the intersection of money, technology and power.
Contact Ryan Mac at email@example.com.
Got a confidential tip? Submit it here.