Sunday, July 2, 2017

WOMEN ENTREPENEUR HARASSMENT - II

The problem with the sexual harassment of women entrepreneurs is more common than you might think.*  This has caused Reid Hoffman to propose three rules:

To Hoffman, this means three different things for VCs:**
  1. VCs should interact with entrepreneurs the same way a manager would with an employee. Sexual relationships and business relationships should not mix.
  2. Those who see VCs behaving inappropriately should share that information with colleagues.
  3. Limited partners should take a zero-tolerance attitude toward this behavior, and stop investing in VCs who behave badly.
Perhaps there is hope in that one of the harassers has said:

Now, a venture capitalist is at the center of sexism claims. Half a dozen women have accused Justin Caldbeck, formerly at Bain Capital, of making unwanted sexual advances when they went to seek out funding or advice from him, according to a report in The Information. (In a statement Caldbeck said: "It is outrageous and unethical for any person to leverage a position of power in exchange for sexual gain, it is clear to me now that that is exactly what I've done.")**

* http://stopcontinentaldrift.blogspot.com/2017/07/women-entrepeneur-harrassment.html
** http://www.cnbc.com/2017/07/02/three-things-reid-hoffman-thinks-vcs-should-do-to-stop-sexual-harassment.html

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