Venture Capitalist Steve Jurvetson Resigns from Draper Fisher Jurvetson
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Venture Capitalist Steve Jurvetson Resigns from Draper Fisher Jurvetson

Venture Capitalist Steve Jurvetson Resigns from Draper Fisher Jurvetson

Silicon Valley’s excursion into how some men treat their female counterparts has revealed another name in relation to sexual misconduct and harassment. Famed venture capitalist Steve Jurvetson is now being investigated on account of sexual harassment. Amidst the probe, he has resigned from his own firm, Draper Fisher Jurvetson.

So far, Jurvetson is the highest-profile venture capitalist to be forced from his job amid the “Silicon Valley Detox,” clearing out men who mistreat and harass women. Jurvetson sits on the board of two major tech giants – SpaceX and Tesla, positions from which he is also stepping down.

DFJ announced Jurveston’s resignation in a letter to limited partners on Monday. Here is the full text of the letter:

“As of today and by mutual agreement, Steve Jurvetson will be leaving DFJ. DFJ’s culture has been, and will continue to be, built on the values of respect and integrity in all of our interactions. We are focused on the success of our portfolio companies, as well as the long-term vision for the firm and will continue to operate with the highest professional standards.”

While the firm did not specify reasons for the ouster in the letter, sources say the investigation uncovered negative behaviors by Jurvetson toward female entrepreneurs that were unacceptable.

In a statement to Recode, Jurvetson said: “I am leaving DFJ to focus on personal matters, including taking legal action against those who have defamed me.”

“Earlier this summer we became aware of indirect and secondhand allegations about one partner, Steve Jurvetson,” a DFJ spokeswoman said. “We immediately opened an independent investigation, which is ongoing at this time.”

Jurvetson, who joined the board of Tesla in 2006 and the board of SpaceX in 2009, is also stepping away from his duties at the Elon Musk-helmed companies, according to a Tesla spokesperson.

“Steve Jurvetson is on a leave of absence from the SpaceX and Tesla boards pending resolution of these allegations,” the spokesperson said.

Megha Shah
Megha Shah
A dreamer, traveler, aspiring entrepreneur and a bookworm beyond repair, Megha Shah is extremely fond of writing and has been doing so since she was a child. Apart from being a part-time writer, Megha is currently in college, pursuing B. Com. (Hons). Megha is an ardent follower of ‘Hardship, Hustle and Heart’ and firmly believes in the power of hard work and destiny!

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