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.
2/ We received a complaint regarding Justin from a portfolio company during his time at Lightspeed.— Lightspeed (@lightspeedvp) June 27, 2017
4/ In light of what we have learned since, we regret we did not take stronger action. It is clear now that we should have done more.— Lightspeed (@lightspeedvp) June 27, 2017
This article originally appeared on Recode.net.