500 Startups’ Dave McClure has resigned as general partner
Kurt Wagner and Johana Bhuiyan, writing for Recode:
Dave McClure, the founding partner of tech incubator 500 Startups, has resigned just days after the New York Times reported he had sent inappropriate messages to a female entrepreneur seeking a job at the fund, Recode has confirmed.
In the hours after the report went live, 500 Startups co-founder Christine Tsai announced McClure would be stepping back from his role as executive partner because of his “inappropriate interactions with women in the tech community.”
As of a few days ago, McClure was simply moving away from managing the day-to-day operations of the incubator. But now, McClure is leaving 500 Startups completely. According to the email sent to the fund’s LPs, McClure had to agree to resign, which he did. Axios first reported his resignation.
There are some cleanups happening in Silicon Valley this week.