Yesterday, Nextdoor CEO Nirav Tolia was charged with a felony for allegedly leaving the scene of a hit-and-run that left a female driver injured. Speeding away in a BMW X5 reflects poorly on a startup like Nextdoor, which raised $100 million to build a social network for good neighbors. But for Tolia, this sudden scrutiny could also undo years of rehab on his tarnished personal brand.
Benchmark Capital is in ascendance, thanks to investments in Uber, Snapchat, Twitter, and Instagram. Thus the VC firm can afford to say ridiculous things like: "Our belief that this is more of a guild than a corporation. So, we try to think of it as artisans practicing a craft," as if they were 18th century woodworkers and not financiers hand-carving embellished valuations.