Another VC resigns after accusations of 'misconduct'
Frank Artale, a former Microsoft executive and co-founder of venture capital firm Ignition Partners, has resigned at the firm's request, following two allegations of inappropriate conduct. No specifics were provided of either incident.
From a statement made last night by Ignition, which has offices in Bellevue, Wash. (where Artale was based) and Silicon Valley:
Bottom line: Like with 500 Startups – whose new CEO Christine Tsai continues to refuse interviews – there are going to be additional questions for Ignition Partners about how it handled the earlier complaint. And also about what limited partners did, and didn't, know.