Lightspeed says it ‘should have done more’ when one of its entrepreneurs complained about Justin Caldbeck

Lightspeed Venture Partners, the venture capital firm where disgraced startup investor Justin Caldbeck once worked, says “it should have done more” when one of its portfolio companies approached them with a complaint.

Caldbeck worked at Lightspeed from 2011 to the first half of 2014, according to his LinkedIn profile, and later co-founded a new firm, Binary Capital, in 2014, but has since resigned.

Caldbeck has come under fire in the last week since The Information published the story of six female founders — including three who went on the record — who said Caldbeck had made unwanted sexual advances and, in at least one case, groped them.

This story is developing, but here is Lightspeed’s short statement, made on Twitter. Lightspeed does not say what changes it might make to its policies in the wake of this news.

This article originally appeared on Recode.net.

Explanatory journalism is a public good

At Vox, we believe that everyone deserves access to information that helps them understand and shape the world they live in. That's why we keep our work free. Support our mission and help keep Vox free for all by making a financial contribution to Vox today.

One-Time Monthly Annual

$95/year

$120/year

$250/year

$350/year

Other

$

Yes, I'll give $120/year

Yes, I'll give $120/year

We accept credit card, Apple Pay, and Google Pay. You can also contribute via