ISSUE – Aug. 27 | Stretched thin: Venture capitalists serve on too many boards

Bill Gurley is one of the smartest venture capitalists in Silicon Valley, which is a big reason that the general partner of Benchmark Capital held a coveted seat on the board of directors at Uber until recently. However, Gurley and then-CEO Travis Kalanick had a falling out, and two of Gurley’s colleagues, not Gurley himself, asked Kalanick to step down. Now Benchmark has suedKalanick, claiming that he failed to tell the board about a “pervasive culture of gender discrimination and sexual harassment,” according to the lawsuit. If Gurley is so smart, and so plugged in to Silicon Valley, why did he not detect such a serious problem himself?
[ San Francisco Chronicleh ]