Greetings from San Francisco, where this afternoon I’ll interview Goldman Sachs’ Internet banking chief, Kim Posnett, at the Virtuous Circle Summit. Then it’s a red-eye back to Boston, so please preemptively forgive any typos and/or general incoherence in tomorrow’s edition. Here we go…
Top of the Morning
Photo illustration: Axios Visuals
Steve Jurvetson yesterday stepped down as a partner with DFJ, the venture capital firm he co-founded in 1985, over apparent allegations of sexual misconduct. He is the highest profile – and most successful – venture capitalist to leave his job for such reasons, and also will go on leave as a board member with SpaceX and Tesla Motors.
Here’s what we’ve learned so far:
Jurvetson’s name was bandied about this past summer in the aftermath of the Justin Caldbeck situation, with some reporters calling DFJ to inquire. DFJ had not received any internal or external complaints at the time, but hired an outside attorney to investigate. The attorney interviewed DFJ staffers and was given full access to firm emails. Last month a former girlfriend of Jurvetson’s (yes, he was married) hinted at misconduct via a Facebook post, but declined to elaborate when contacted by reporters (same went for her attorney, except for confirming that her allegations were personal in nature, not professional). As of the middle of last week, she also had declined to be interviewed by the DFJ investigator. Through the end of last week, Jurvetson still was a fully-functioning partner at DFJ. Other partners were still unaware of any allegations beyond the aforementioned Facebook post. But Jurvetson had been made aware that some other allegations were soon to become public (it’s unclear how, although my assumption is via a media report that has still yet to materialize). A mutual decision was made over the weekend for