General World News

This startup founder requires investors to disclose whether they have a history of sexual harassment before investing, in an act that her investors say is a ‘no brainer’

Elizabeth Giorgi

  • Startup founder Elizabeth Giorgi is hoping to trigger a chain reaction in startup due diligence by requiring potential investors to disclose all allegations of gender discrimination or sexual harassment in the company’s fundraising documents.
  • The CEO of the Denver-based Soona asked her lawyers draw up the requirement, dubbed the ‘candor clause,’ after a potential investor sent Giorgi unsolicited nudes. But she hopes other founders will use the open-source legal disclosure to also protect themselves.
  • In an industry that has drawn scrutiny for longstanding gender discrimination and sexual harassment, Giorgi says that the clause has rapidly accelerated the pace read more >>>

    Source:: BusinessInsider.Com