After Uber CEO Travis Kalanick resigned from his post following strong allegations of sexual harassment and toxic corporate culture at the company, 24 female entrepreneurs have come out with startling revelations of the regular sexual harassment they face while working in the Silicon Valley.
Speaking to The New York Times, the entrepreneurs revealed that they faced regular sexual harassment when dealing with venture capitalists with some even asking for sexual favours in exchange for funding. One of the venture capitalists named is Justin Caldbeck, co-founder of Binary Capital and the women have emphasized that all complaints against the VC were not acted upon.
However, in the wake of the Uber case, Caldbeck resigned from his post along with Binary Capital’s two other co-founders, Matt Mazzeo and Jonathan Teo also resigning. The resignations of three VCs from their own company has placed a spotlight on the sexual harassment propagated by the male-dominated tech industry in Silicon Valley and the world. Earlier, Dave McClure, founder VC 500 Startups, issued an apology for his behaviour and was removed from his functions at the company after allegations of sexual harassment against McClure emerged.
Women working in tech companies have in the past remained silent about the sexual harassment they have faced but with major CEOs resigning over sexual harassment allegations, women are now speaking up against sexist behaviour in the tech industry.