Property management software company Entrata cuts ties with its co-founder and former CEO after he sent an anti-Semitic email to Utah tech and political leaders
SALT LAKE CITY — The founder and chair of Entrata, a Silcon Slopes tech firm, has resigned his position after sending an email …
Entrata's chair seat is vacant immediately, and the Utah tech and political leaders who received the email now hold direct knowledge of what was sent to them.
Second-order effects
Backers like Silver Lake and Blackstone, which took a minority stake at a reported multibillion-dollar valuation, must weigh whether founder-conduct risk changes their position or demands new controls before any future liquidity event.
Third-order effects
The pattern across these cases — from the Google Cloud VP whose manifesto prompted his departure to Banjo to Entrata — shows boards treating a founder's personal record as a balance-sheet liability, eroding the assumption that founders are unsackable regardless of conduct.
The trend: Tech boards are shortening the fuse on founder misconduct, severing ties over personal conduct and speech even at companies performing well and freshly funded.
Entrata's board of directors today asked Dave Bateman to resign from the company's board of directors, including his position as chairman. Dave agreed and is no longer a member of the Entrata board, effective immediately.
Entrata founder Dave Bateman confirmed to me he sent the email (which was sent to me by numerous sources). He defended sending it in text messages to me, but said it was his personal opinion: https://www.fox13now.com/... @fox13 #utpol #Utah
Dave Bateman has been the worst representative of Utah tech for years. We all know this. It's time for him to step down from Entrata and enjoy his tax haven in Puerto Rico and not embarrass us. https://twitter.com/...
The founder of a Utah tech firm has resigned after sending an email to other CEOs and political leaders with an anti-semitic conspiracy theory. Utah's governor called it “bats— crazy:” https://www.fox13now.com/... @fox13 #utpol #Utah https://twitter.com/...
Shameful for Entrata founder Dave Bateman to share wildly #antisemitic email with Utah political & business leaders, promoting dangerous conspiracy theories about Jews and COVID-19. Entrata's statement is a start but more needs to be said and done. https://www.sltrib.com/...
It's 2022 America and antisemitism is still with us. Disgusting. The founder and chair of Entrata, a Silicon Slopes tech firm, has resigned after sending an email claiming the COVID-19 vaccine is part of a plot by “the Jews” to exterminate people. https://www.fox13now.com/...