Iterable co-founder sues company for racial discrimination

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Iterable co-founder claims he was ousted because of racial discrimination, not LSD use

at spas in Atlanta, Georgia, in March 2021 – was brought up during a meeting with Iterable investors Murat Bicer of Charles River Ventures and Shardul Shah of Index Ventures. The group"called for a national awakening and a dialogue that involves leaders from every community to undo the generations of systemic bias and racism," the complaint says.

Zhu claims that his identity was integral to the company he had built but that the board believed a"white CEO" would be needed to succeed.After having a drink, Shardul and Murat stated they wished to bring on a chairman of the board. Justin asked whether they were thinking of replacing him as CEO.

But Bicer and Shah were said to have"stated that if he cared about Asian causes, he could invest in them, not serve the goal by being a role model as CEO. Shardul pointed to the statement by a potential investor who said that Justin did not look like an enterprise CEO. The potential investor stated that the company's Caucasian COO looked more like a CEO than Justin did."

Micro-dosing is far from unheard of in Silicon Valley. Proponents claim that small doses of psychedelics can enhance lateral and creative thinking in a business context. One only needs to Google the term to find a wealth of articles from groovy startup founders and CEOs espousing its supposed benefits.of lysergic acid diethylamide, saying that taking a large dose was"one of the most important things in my life.

But that doesn't mean it's OK with venture capitalists who are taking huge bets on billion-dollar businesses. Whether Zhu's drug use or his ethnic background are behind his ousting at Iterable will be down to the court to decide.

 

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