In 2012, Ellen Pao, a partner at the Kleiner Perkins Caufield & Byers, sued the venerated venture capital firm for sexual harassment and discrimination. It was a more cloistered time and the allegations were shocking, creating a fissure in Silicon Valley's self-image and spurring a wider discussion about sexism in the tech industry.
CMEA Capital, a San Francisco-based venture capital firm, has settled a sexual harassment lawsuit filed in March, 2013 by three female executive administrative assistants. The complaint, which is embedded below, alleges "pervasive and severe" sexually and racially charged statements and actions made by former chief operating partner John Haag, including using "Shaniqua" as a derogatory nickname and telling one of the defendants that the other defendant was "fine" and that he would "suck her daddy's dick."
Venture capital firms have been sniffing around Tinder, the Los Angeles-based dating app, since at least last spring. But according to one Valleywag source, Benchmark's Matt Cohler may soon sign one of Silicon Valley's most coveted term sheets. (On Sand Hill Road, it seems, fast growth is forever, while sexual harassment and discrimination suits can disappear.)