Startups' Dave McClure resigns after harassment claims

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Asked for comment on Hoy's blogpost, 500 Startups said in a statement: "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". Along with the above, I also started regular counseling sessions about a month ago to address my shitty behavior and poor judgement.

McClure's co-founder at 500 Startups Christine Tsai has taken over the CEO role in recent months. His behavior was unacceptable and not reflective of 500's culture and values.

This came less than two weeks since the Silicon Valley's local program 500 Melbourne was launched with fanfare by Victorian Small Business and Innovation Minister Philip Dalidakis, with Dave McClure coming to town for the event, meeting with local entrepreneurs, investors and media.

What is Dave's current role in the company? .

Asian interactive media solutions firm Cinemacraft, founded by Indian-origin entrepreneur Sandeep Casi, has secured series A round of funding from 500 Startups, a global business. Despite Tsai's assertion that McClure had stepped away from running the firm - and a note sent out to the firm's staff on May 25 announcing unspecified management changes - McClure remained highly involved at the accelerator, Yin said. "He recognises he has made mistakes and has been going through counselling to work on addressing changes in his previous unacceptable behaviour".

"While we faltered in this instance, we do not intend to fail".

The New York Times article detailed a number of sexual harassment claims made against prominent members of the Silicon Valley tech community. After reaching out to her mentor who then alerted one of the firms run by Caldbeck, "little" about the situation changed. According to the Times, McClure, 51, sent Kunst a Facebook message that read, "I was getting confused figuring out whether to hire you or hit on you". For all the other men in these articles, and the many, many men not mentioned here but very much guilty of the same behavior, McClure lays out a pretty simple four-step plan for how to proceed in this all too common situation. In the meantime, here's the full statement from Kapor and Kapor Klein.

"I made advances towards multiple women in work-related situations, where it was clearly inappropriate".

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"I'm now ready to tell my account of what Dave McClure inflicted on me 3 years ago, in my own apartment". I put people in compromising and inappropriate situations, and I selfishly took advantage of those situations where I should have known better. "My behavior was inexcusable and wrong", McClure wrote.

Victorian innovation minister Philip Dalidakis quickly slammed the tech figurehead and moved to distance the government from him.

He said the Victorian Government's deal with 500 is not with one man, and that McClure has betrayed all that he stood for - and now shares more in common with Donald Trump than anyone would want.

This "casting couch" behaviour needs to stop....

"I am sorry. In my mind, because I hadn't acted in a way that exploited an imbalance of power or vulnerability in a VC-founder relationship, I've generally considered myself one of the "good guys", Sacca wrote.

Blackbird founder Niki Scevak has also slammed Mr McClure following the revelations.

I've reached out to 500 Startups and will update this story if I hear back.

"Thanks Chris for taking responsibility where you feel like you've been at fault. We will continue to do this and redouble our efforts". She called for his resignation in a tweet the following day, saying she's learned of "many more" women who have been harassed by McClure.

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