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- Venture capitalist Shervin Pishevar is resigning Sherpa Capital.
- Pishevar has been accused of sexual misconduct by six women.
- Pishevar denies the sexual misconduct allegations.
Venture capitalist and early Uber investor Shervin Pishevar is resigning from Sherpa Capital, the VC firm he co-founded, according to a statement he issued on Twitter Thursday. His move comes after multiple women accused him of sexual misconduct in a story by Bloomberg’s Emily Chang.
He’s been accused of sexual misconduct by six women in total, one of which went on the record about the alleged incident in an interview with Axios.
Pishevar took a leave of absence from Sherpa Capital and his futuristic transportation company Virgin Hyperloop One last week. He also took leave from the boards of his portfolio companies.
Pishevar denied the allegations against him in the statement.
“I plan to focus now on the appropriate ongoing legal actions against those who are unjustly orchestrating the smear campaign against me,” the statement says. (We’ve copied Pishevar’s full statement below.)
A spokesperson for Sherpa Capital sent Business Insider the following statement:
“Today, Shervin announced his voluntary resignation from Sherpa Capital, effective immediately. We thank Shervin for his contributions and service in co-founding Sherpa Capital. The Sherpa team remains focused on supporting our founders and portfolio companies, serving the interests of our Limited Partners across all of our funds. We are deeply committed to our culture of integrity, inclusion, and respect and will continue to put these values into action through all of Sherpa Capital’s activities, including the founders and companies we support.”
Here’s Pishevar’s full statement, which was sent to Business Insider from his spokesperson:
I have only admiration and affection for the people of Sherpa Capital, including my co-founder Scott Stanford. I’m proud of the work we’ve done to advance great ideas and support great founders since co-founding Sherpa Capital five years ago. Unfortunately, it is no surprise that the untruthful attacks by those seeking to harm me and my family, including those willing to go so far as fabricating police reports, have continued unabated even after I announced my leave of absence from Sherpa. My truculent opponents are out to settle scores that have nothing to do with Sherpa, and I refuse to allow my enemies to drag my Sherpa family into their fight with me. That is why I have decided on my own accord to end my association with Sherpa Capital, effective immediately. I plan to focus now on the appropriate ongoing legal actions against those who are unjustly orchestrating the smear campaign against me. I know the great team at Sherpa Capital will continue to rise and scale new heights. For my part, I continue to follow the wisdom of one of my favorite poems, “If”, by Rudyard Kipling: “If you can trust yourself when all men doubt you, But make allowance for their doubting too; . . . Or being lied about, don’t deal in lies, Or being hated, don’t give way to hating . . .”