Shervin Pishevar, the embattled venture capitalist accused of sexual misconduct, said Thursday that he would step down from the Silicon Valley investment firm he co-founded.
"My truculent opponents are out to settle scores that have nothing to do with Sherpa, and I refuse to allow my enemies to drag my Sherpa family into their fight with me", Pishevar said in a statement.
Pishevar's statement Thursday did not address any of the accusations made in a Bloomberg report, including allegations that he groped, forcibly kissed and sexually harassed multiple women. That is why I have decided on my own accord to end my association with Sherpa Capital, effective immediately. Earlier this year, Pishevar was also detained, but not charged, in connection with a complaint about sexual assault in London, an incident that was captured by a police report that was later revealed as a fabrication.
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In a statement posted on Twitter, Pishevar said that he's faced "untruthful attacks" even after he announced a leave of absence, so he chose to resign from Sherpa Capital. The lawsuit, filed in San Francisco Superior Court, alleges that they orchestrated "a malicious smear campaign, apparently created to incite false, defamatory, and highly damaging chatter and gossip about Mr. Pishevar".
In a statement to this news organization, Sherpa Capital thanked Pishevar for his contributions and service to the firm.
When Pishevar initially took a leave of absence, he said it was to focus on a defamation lawsuit he had filed against Definers Public Affairs. The firm also said it planned to conduct an independent internal review to "ensure our practices and operations continue to reflect the highest professional and ethical standards". Soon after Pishevar declared he was going to focus on the lawsuit, Definers Public Affairs filed a motion to dismiss his lawsuit, BuzzFeed reported. At the time, Miller said the lawsuit had "kept women from speaking out".
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