Investors Who Back VC Funds Are Worried About Valley Culture (axios.com)

An anonymous reader shares a report: Limited partners in venture capital funds are having conversations about how to prevent themselves from investing in the next Binary Capital, the Silicon Valley firm that has collapsed over allegations that one of its co-founders sexually harassed female entrepreneurs. This includes the largest LP trade group -- the Institutional Limited Partners Association -- which tells Axios that it is planning to address these issues this summer, as part of the development of its new ILPA Principles 3.0 document. Silicon Valley, and venture capital in particular, has swept sexual harassment under the rug for decades. Binary Capital, coming on top of the situation at Uber, has grabbed that rug and begun to shake it vigorously.

Comments

Tech Culture Does Protect Some Harassers

[Kunedog]

This is more like the baizuo want to push for cultural takeover of SV because they consider it a strategic asset.

Yup, and they'll defend bullies to do it, as long as those bullies express the right politics. A good example happened just this weekend:

https://www.youtube.com/watch?...

TL;DW - A feminist panelist at a conference recognizes a critic in the audience and uses her position behind the mic to berate and insult him. The conference acknowledges this as violation of their rules, yet apologizes to her (without ever even contacting the attendee she abused) and still allows her to sit on a second panel about (no bullshit) dealing with harassment and bullying. One of her fellow panelists (IMO one of the kindest and most innocuous humans on the internet) has been anxious for months just knowing he'd be in same room with her and walks on eggshells around her, terrified of what might set her off. Sure enough, after the panel she immediately accosts him and cusses him out.

The conference eventually releases a public statement making excuse after excuse for her behavior. That's what it means to reach Cruise/Travolta status in your cult, I suppose.

Re: Tech Culture Does Protect Some Harassers

[geoskd]

he's a harasser that deliberately took up the front rows with a gang of his cronies in a transparent play to intimidate her, and she wasn't having his shit.

People are not allowed to have it both ways. You can't play the victim and then undertake the same behaviors you are complaining about in others. It makes you a hypocrite. People will put up with a lot, but will not tolerate a hypocrite.

What she should have done is simply ignore them, and if they start to make a scene, let the crowd take care of them. If the crowd wont do anything about it, then surely the local and possibly national news media will.

If your boss behaved the way she did, you would make damn sure to watch your back, and a large percentage of your co-workers would be actively looking for a way to get rid of him/her. She may have started out as the victim, but now shes just another part of the problem.