Stories

Ron Conway sued by former venture capital partner

Venture capitalist David Lee has sued former partner Ron Conway for millions of dollars Lee feels is being improperly withheld by Conway, according to a complaint filed last week in Marin County Superior Court.

Why it matters: Lee and Conway co-founded one of Silicon Valley's most prominent seed investing firms, backing such companies as Airbnb, Pinterest and Snapchat. But their split in 2015 was not nearly as amicable as initially portrayed, and now threatens to get even uglier via litigation.