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Venture firm co-founder demoted over unacceptable behavior with...

2017-07-05T13:39:47Z

PiperEllsworth4:

By Heather Somerville SAN FRANCISCO, June 30 (Reuters) - A well-known Silicon Valley investor, Dave McClure, has been demoted within the firm he co-founded, 500 Startups, the latest fallout from revelations of mistreatment of women in the technology industry. An internal investigation found McClure "had inappropriate interactions with women in the tech community," according to a blog post published Friday by Christine Tsai, 500 Startups co-founder, who said the decision to demote him was made a few months ago. "His behavior was unacceptable and not reflective of 500�s culture and values," she said. "I sincerely apologize for the choices he made and the pain and stress they�ve caused people." McClure will assume a limited role at the firm and is attending counseling, Tsai said. McClure on Friday said in a text message to Reuters that he and Tsai "are still on good terms" and "she has my full support." The firm made the change public on Friday following a report by the New York Times that named McClure, along with well-known investor Chris Sacca, as perpetrators of sexual harassment toward women who were applying for jobs or seeking fundraising. The report said McClure was no longer in charge of day-to-day operations. Sarah Kunst, founder and chief executive of fitness startup Proday, told the New York Times that McClure had sent her an inappropriate Facebook message after she discussed a potential job at 500 Startups. "Before the New York Times article, Dave had already been demoted because of his harassment of women, however no one outside of 500 Startups had been made aware of this fact," Kunst told Reuters on Friday. "Women did not know to avoid him. The lack of disclosure is part of the problem. Women don't know who is a bad actor when the funds cover it up." McClure referred a request for comment on Kunst's statement and other questions to a spokeswoman, who declined to comment beyond the blog post. 500 Startups invests in [http://86133182.dk/wiki/index.php?title=Bruger:DennisShirk7 ruột chăn everon] early-stage startups around the world and offers an accelerator program for entrepreneurs. Its investments include the ride-hailing company Grab and personal finance company Credit Karma. McClure is well known throughout the tech industry because of his contrarian attitudes, which include criticizing venture capitalists, his political statements and his frequent public appearances. He is known to make many investments around the world and far beyond Silicon Valley, in places like Turkey and sub-Saharan Africa. Sacca, who gained prominence with early investments in Twitter and Uber, on Thursday published a blog post apologizing for his behavior. "I now understand I personally contributed to the problem," Sacca said. He had announced in April that he was retiring from his VC firm, [http://Www.Examandinterviewtips.com/search?q=Lowercase%20Capital Lowercase Capital]. Several women spoke to the New York Times after news site The Information published a report last week detailing inappropriate behavior toward women by investor Justin Caldbeck of Binary Capital. He has since resigned and dem lo xo [https://everon.asia/san-pham/dem-bong-ep-everon.html đệm bông ép everon giá rẻ] gia re ([https://everon.asia/san-pham/dem-lo-xo-everon.html everon.asia]) apologized publicly. In February, former Uber engineer Susan Fowler wrote a blog post detailing the company's culture of sexual harassment, which prompted a months-long investigation that [https://www.Jamendo.com/en/search?qs=fq=license_cc:(-nc%20AND%20-nd)&q=culminated culminated] with the resignation of chief executive Travis Kalanick. The events have brought new focus to what many in the industry say is a long-standing culture of entrenched sexual harassment and discrimination that has made it difficult for women and racial minorities to raise funds and assume leadership positions. (Additional reporting by Salvador [https://everon.asia/san-pham/ruot-chan-everon.html ruột chăn everon] Rodriguez; Editing by Jonathan Weber and Mary Milliken)

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2017-07-05T13:39:38Z

PiperEllsworth4:

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NBA: Curry inks 200 million deal with Warriors - report

2017-07-04T20:46:12Z

PiperEllsworth4:

Golden State Warriors superstar Stephen Curry has clinched a new five-year deal worth $201 million, the richest contract in NBA history Golden State Warriors superstar Stephen Curry has clinched a new five-year deal worth $201 million, the richest contract in NBA history, ESPN reported on Friday. Curry, who recently helped the Warriors to their second NBA Finals crown in three years, is the first player to break the $200 million barrier, ESPN said, citing the player's agent Jeff Austin. News of the agreement wipes away any uncertainty concerning the future of Curry, who had been on a four-year contract worth [https://everon.asia/san-pham/dem-lo-xo-everon.html mua dem lo xo everon] a relatively modest $44 million until his new deal. Despite being one of the league's highest profile stars, Curry had languished way down the pecking order of the NBA's [https://everon.asia/san-pham/ruot-goi-everon.html mua ruot goi everon ha noi] best-paid players. According to the basketball-reference.com website, Curry had been the 82nd best-paid player in the league, earning just over $12.1 million last season. That figure is dwarfed by the [https://Www.biggerpockets.com/search?utf8=%E2%9C%93&term=league%27s league's] highest-earner, LeBron James, who stands to earn $33.3 million next season and $35.6 million in 2018-2019. According to a survey of the world's best paid athletes released earlier this month by Forbes, Curry had earned an additional $35 million in endorsements to go alongside his $12 million salary. However, his new deal would make him the world's fourth highest paid athlete -- in terms of annual salary and winnings -- placing him behind Real Madrid star Cristiano Ronaldo ($58 million), Barcelona's Lionel Messi ($53 million) and the NFL's Andrew Luck ($47 million) on Forbes' 2017 list. - 'Never count another man's money' - Curry's existing contract had been agreed when there were still doubts about his long-term fitness, with the player thought to have issues concerning the durability of his ankles. However, those doubts have been obliterated during a series of dazzling seasons for the Warriors that have helped him become a four-time All-Star. He was named NBA Most Valuable Player during the Warriors' championship winning run in 2014-2015 and the following season became the first player in history to win the award in a unanimous vote. He averaged 25.3 points per game this regular season and has led the league in three-point field goals for five straight seasons. That remarkable run of scoring included 402 three-pointers in 2015-2016 -- a single-season record. No other player had passed 300 threes in a season before Curry. In an interview earlier this year, Curry had shrugged off his disparity in earnings with the NBA's best-paid players. "One thing my pops always told me is you never count another man's money," Curry told The San Jose Mercury News. "It's what you've got and how you take care of it. And if I'm complaining about $44 million over four years, then I've got other issues in my life," he said, referring to his current deal. Curry also revealed he had been aware he was way down the list of NBA high-earners when he signed the deal ruộ[http://search.Ft.com/search?queryText=t%20ch%C4%83n t chăn] [https://everon.asia/san-pham/dem-lo-xo-everon.html mua dem lo xo everon] in 2012, but was happy simply to have the security of a long-term contract. "My perspective was, 'Man, I'll be able to take care of my family with this. Blessed to be able to know I'll be playing at least in the NBA for four years and see where it goes from there," he said.

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2017-07-04T20:46:04Z

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