The founding partner of 500 Startups, Dave McClure, is no longer in charge of the startup incubator’s day-to-day operations, after being accused of “inappropriate behavior with women,” The New York Times reported.
In its story, the New York Times named one particular woman, Sarah Kunst, who told the paper McClure harassed her after she talked with him about a job at 500 Startups. McClure did not dispute the account, according to the Times.
“After being made aware of instances of Dave having inappropriate behavior with women in the tech community, we have been making changes internally,” 500 Startups told the Times. “He recognizes he has made mistakes and has been going through counseling to work on addressing changes in his previous unacceptable behavior.”
Christine Tsai, co-founder of 500 Startups, is now CEO. Tsai wrote in a statement published Friday that she took over the role a few months ago, a detail that the company had not previously announced.
“Dave’s role has been limited to fulfilling…