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Agree that's shitty. Suggest the female founders who dealt with McClure (including and especially those NOT funded) get together and file a class action lawsui
by djyaz1200 9y ago
Agree that's shitty. Suggest the female founders who dealt with McClure (including and especially those NOT funded) get together and file a class action lawsuit against the fund. Then they can own it, or at least a big piece of it. When women take action on that scale this kind of thing will be policed much more carefully... but it will take powerful people losing 8/9 figure money.
- pbiggar 9y agoGood point. I'd estimate that Dave McClure's carry is worth $25m (assumptions: funds control 250m in investments, 20% carry, 2.5x returns, DMC has 20% ownership) It would be tough to get an investor to agree to give up that carry. Maybe a lawsuit is a better approach to ensure they don't profit from their harassment.
- deleted 9y ago[deleted]