Scoop: Silicon Valley VC out after hiring disgraced college “coach”

Schaepe hired a lawyer after reading about Rick Singer’s arrest, and informed his partners at Lightspeed about the situation. Between the lines: Lightspeed was heavily criticized in 2017 over its response to allegations that one of its partners had sexually harassed several female entrepreneurs, prior to him leaving Lightspeed to form a new firm. Lightspeed may not have wanted to risk its reputation being damaged for a second time, even if it means firing a longtime, founding partner who has not been charged with a crime.

Source: www.axios.com