500 Startups LPs Mitch Kapor and Freada Kapor Klein react to Dave McClure’s resignation


Earlier today, TechCrunch broke the news that 500 Startups co-founder Dave McClure, who had already stepped down as CEO, has resigned from his general partner role. Now, Mitch Kapor and Freada Kapor Klein, who are limited partners in 500 Startups, have spoken out about his resignation in light of allegations of sexual misconduct.

“The events of 2017 in the tech ecosystem depict a sector gone deeply awry,” they wrote in a statement. “This is not just a case of a few bad actors. This is not something that is fixable with a pledge or a new policy. This is a culture that has been allowed to fester and to rot by enablers who refused to intervene when they witnessed inexcusable behavior or went to great lengths to avoid seeing it.”

We’ve pasted their entire statement below, but…

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