25 AUG

Major Uber investor tells Benchmark: Drop your lawsuit against ex-CEO Kalanick

Uber’s ex-CEO Travis Kalanick is under fire, but he’s hardly out of supporters.

Kalanick, who resigned in June under pressure, got sued earlier this month by Benchmark Capital. Benchmark, a VC firm that’s a major investor in Uber, accused Kalanick of “gross mismanagement and misconduct” and withholding material information. Lawyers for Benchmark are seeking to block Kalanick from filling the two vacant board seats he still controls.

Uber investors are far from united in that view, however. That became more clear than ever yesterday, when another major Uber investor, Shervin Pishevar of Sherpa Capital, sent a letter to the Uber board of directors that was sharply critical of Benchmark’s move. The letter was reported on by Reuters and published in full by TechCrunch.

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Ars Technica

Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.