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Spark Capital decides to “sever all ties” with Dispo after claims of sexual assault against a former Vlog Squad member; David Dobrik departs from Dispo

Natasha Mascarenhas / TechCrunch :

TechCrunch Natasha Mascarenhas

Discussion

  • @sparkcapital @sparkcapital on x
    1/ In light of recent news about the Vlog Squad and David Dobrik, the cofounder of Dispo, we have made the decision to sever all ties with the company.
  • @sevensevensix @sevensevensix on x
    The recent allegations against David Dobrik are extremely troubling and are directly at odds with Seven Seven Six's core values. We have been working closely with Dispo over the last week and are in full support of their decision to part ways with David.
  • @austen Austen Allred on x
    Honest question: how does this work? Can you invest LPs' capital and just not deliver them a return if it happens? Or do they try to sell their stake back to the company for $1 or something? https://twitter.com/...
  • @nmasc_ Natasha on x
    New: @UnshackledVC and @sevensevensix, two seed investors in Dispo, have decided to donate any profits from investment in the company to organizations focused on working with survivors of sexual assault. This follows @sparkcapital's move last night. https://techcrunch.com/...
  • @panzer Matthew Panzarino on x
    Gotta wonder about the timeline here. Seems like stepping away came after the hammer fell, you have to think that Spark gave him that option. Really clever team at Dispo, bad situation for them to be thrust into. https://twitter.com/...
  • @imcatnoone Cat Noone on x
    Kudos, Spark 👏🏼 The CEO's documented actions perpetuated so much that harms women. Founders and Investors alike should always be held accountable for anything that dehumanizes people. How the cap table acts shows that what is RIGHT is stronger than a multiple return. https://twit…
  • @triketora Tracy Chou on x
    i wish more investors would find this kind of moral backbone https://twitter.com/...