Los Angeles Times

As harassment scandal reaches tech industry, startups look for ways to check bad behavior

Venture capitalists have long had godlike status in the tech industry.

Founders venerate them because they need their money. Limited partners eagerly throw billions of dollars their way, enamored by their outsize investment returns.

But now, after allegations of sexual harassment and misconduct have led to the resignations of Justin Caldbeck of Binary Capital and Dave McClure of 500 Startups, and the dismissal of Steve Jurvetson of DFJ, the industry's once-celebrated kingmakers are facing pressure from founders and limited partners to clean up their act.

"There's so little transparency in venture capital," said Kiki Mwiti, the Bay Area founder of tech startup Globerly,

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