This week, we’re sharing stories from Rachel Kaadzi Ghansah, Ellen Pao, Henry Wismayer, Taylor Harris, and Jeff Maysh.
Ellen Pao, who sued her Silicon Valley employer Kleiner Perkins Caufield & Byers for discrimination, was saving the names for her upcoming book Reset: Ajit Nazre, a partner who became hostile after she rejected his advances. Ted Schlein, a managing partner who explained he liked white, Eastern European sex workers — during a private flight in which a tech CEO in attendance bragged about meeting Jenna Jameson. In her six years at Kleiner Perkins, Pao was passed over for promotion, her clients were stolen, her performance maligned, and eventually she was fired after complaining about harassment to an independent investigator, who asked “Well, if they look down on women so much, if they block you from opportunities, they don’t include you at their events, why do they even keep you around in the first place?”
The competitive world of venture capital was familiar to Pao, and she played the game as best she could. But the game was stacked against her, she explains in an excerpt from her book featured at The Cut.
Predicting who will succeed is an imperfect art, but also, sometimes, a self-fulfilling prophecy. When venture capitalists say — and they do say — “We think it’s young white men, ideally Ivy League dropouts, who are the safest bets,” then invest only in young white men with Ivy League backgrounds, of course young white men with Ivy League backgrounds are the only ones who make money for them. They’re also the only ones who lose money for them.
Sometimes the whole world felt like a nerdy frat house. People in the venture world spoke fondly about the early shenanigans at big companies. A friend told me how he sublet office space to Facebook, only to find people having sex there on the floor of the main public area. They wanted to see if the Reactrix — an interactive floor display hooked up to light sensors — would enhance their experience. At VC meetings, male partners frequently spoke over female colleagues or repeated what the women said and took the credit. Women were admonished when they “raised their voices” yet chastised when they couldn’t “own the room.” When I was still relatively new, a male partner made a big show of passing a plate of cookies around the table — but curiously ignored me and the woman next to him. Part of me thought, They’re just cookies. But after everyone left, my co-worker turned to me and shrugged. “It’s like we don’t exist,” she said.