Disgraced tech investor Dave McClure has resigned as a general partner of 500 Startups, according to reports.
— Dave McClure (@davemcclure) July 3, 2017
McClure had admitted in a blog post on Saturday that he had acted inappropriately toward multiple women — behavior that was “inexcusable and wrong” and for which it was right to call him a “creep” and an “ass.”
The resignation was announced in a letter sent by co-founder Christine Tsai to 500 Startups’ limited partners, according to TechCrunch.
Tsai had asked for the resignation, according to the report.
McClure, 51, has been feeling the heat since the New York Times last week reported sexual misconduct at 500 Startups, a venture capital firm, including harassment of onetime job candidate Sarah Kunst, now CEO of fitness startup Proday.
It was after the Times article that McClure published his blog post.
On Sunday night, 500 Startups had to apologize to its Australian partner LaunchVic for not disclosing its internal investigation into sexual harassment claims against McClure, TechCrunch reported.