“For many of you, this was a confusing, emotional time where you probably questioned the 500 that you knew,” Tsai told a quiet ballroom that some of the 400 in attendance later recounted as surprisingly bare. And it’s way too important to be taken down by one person’s mistakes.” Those comments, delivered unprompted at the outset of Tuesday afternoon’s demos, were the sole recognition of the drama that both funders and entrepreneurs say they are trying to tune out.
“I appreciate it when people confront things and are direct about it,” said one attendee, who confided the fallout had caused her to second-guess whether she wanted to be associated with Tuesday’s event. As allegations pile up across the industry, venture capital firms in the crosshairs are struggling to salvage their reputations, which almost always have historically been driven by their bottom lines, not out-of-office conduct.
Already one firm, Binary Capital, has essentially imploded amid harassment allegations.
One investor noted it was hard for Mc Clure’s negative publicity not to splatter on the companies 500 has supported.
“What [Mc Clure] and the rest of the people did shouldn't really have any negative consequences,” said angel investor Amos Ben-Meir as he shopped for companies on the floor.
But on the other side of the room at the Computer History Museum, a unique conversation unfolded: “It’s so weird when change happens in an organization,” one 500 Startups employee was overheard saying.Using Phone Gap you can convert it to native i OS app.If you squinted just hard enough, it looked like the sexual harassment scandal had battered someone else, not them.Quick and easy-to-use web design generator for Windows with hundreds of design options and export to Word Press, Joomla, Drupal, Dot Net Nuke and Blogger.Instantly become a Web Design expert, editing graphics, coding, and creating joomla templates, drupal themes, wordpress themes, DNN skins, and blogger templates all in minutes, without Photoshop or Dreamweaver, and no technical skills.
” Nihal Advani, the CEO of one of the firm's supported startups, Georama, said about what he was thinking as Tuesday approached.