Steve Jurvetson out at DFJ, VC firm he helped found

Steve Jurvetson

Steve Jurvetson, a well-known Bay Area venture capitalist, is leaving the firm he founded amid an investigation into misconduct allegations. Jurvetson, a high-profile investor in Silicon Valley, has served on the boards of Tesla and SpaceX for several years.

"As of today and by mutual agreement, Steve Jurvetson will be leaving DFJ", the firm told USA TODAY in an emailed statement.

In October, DFJ said it was investigating "indirect and second-hand allegations" about Jurvetson that it became aware of early in the summer.

The firm's did not reveal the reason for Jurvetson's departure.

A Tesla spokesperson said by e-mail, "Steve Jurvetson is on a leave of absence from the SpaceX and Tesla boards pending resolution of these allegations". I value my own personal reputation and integrity above any firm, and simply put, I would not work for DFJ if I felt the culture was not one of high integrity and opportunity for all - including women.

A spokeswoman for DFJ did not immediately return a request for comment.

In a tweet on Monday afternoon, Jurvetson wrote that he would be pursuing "legal action", but he did not respond to Ars' query as to when or where such action would be taking place. An entrepreneur had alleged predatory behavior was "rampant" at DFJ.

"In our entire history, DFJ has never received an official complaint alleging misconduct by anyone on our team", she wrote.

Roizen also seemingly dismissed Kukral's conclusions, saying, "I don't need an investigation to state with certainty that this is patently wrong. They include Justin Caldbeck of Binary Capital and Dave McClure of 500 Startups".

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