Steve Jurvetson out at DFJ, VC firm he helped found

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While the letter reportedly did not mention why Jurvetson is leaving, Recode cites sources saying the investigation found instances in which Jurvetson behaved in an unacceptable way toward female entrepreneurs.

The Information first reported last month that DFJ - an acronym that stands for Draper Fisher Jurvetson - had been investigating Jurvetson for sexual misconduct since the summer.

Jurvetson said in an e-mail to this news organization on Monday that he was leaving Draper Fisher Jurvetson "to focus on personal matters, including taking legal action against those whose false statements have defamed me".


Jurvetson now serves on the boards of Tesla and SpaceX, but he has taken a leave as a result of these allegations, according to CNBC.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. "Predatory behavior is rampant".

As the child of Estonian immigrants, Jurvetson is also particularly well-connected among Estonian tech startups-he was an early investor in Skype. "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", the firm said. The woman, Keri Kukral, did not name Jurvetson in her Facebook post.


"In our entire history, DFJ has never received an official complaint alleging misconduct by anyone on our team", she wrote. "We immediately opened an independent investigation, which is ongoing at this time".

A Silicon Valley sexual harassment scandal over the summer exposed tales of bad behavior by venture capitalists, two of whom, Dave McClure and Justin Caldbeck, resigned.


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