A California condition senator is hoping to create a new legislation that would punish sexual harassment by venture capitalists.
Sen. Hannah-Beth Jackson, a Democrat from Santa Barbara, is introducing a monthly bill this week that would explicitly prohibit sexual harassment by venture capitalists as an amendment to a existing civil-legal rights legislation.
The monthly bill, SB 224, arrives in reaction to accounts from feminine tech business owners who have described remaining sexually harassed while in search of funding from venture capitalists.
The monthly bill would amend the Unruh Act, a civil-legal rights legislation in California that shields in opposition to sexual harassment in enterprise interactions. The legislation lists doctors, landlords, teachers, and other people as liable for sexual harassment. The monthly bill would amend the legislation to explain that consequences exist for investors too and present protections for business owners who are harassed.
“If we want to see the venture capital sector adjust and an conclude to sexual harassment of women of all ages in technological innovation, we require powerful authorized protections,” Jackson claimed in a assertion. “No issue how properly intentioned, decency pledges and claims are not enough.”
Jackson was referring to a general public plea produced by Reid Hoffman, the LinkedIn founder who is a husband or wife at the venture-capital business Greylock Associates, that asked companies to sign a Decency Pledge, a assure to treat the romantic relationship concerning a VC and an entrepreneur like that concerning a supervisor and an employee.
Hoffman proposed the strategy after dozens of women of all ages arrived forward in current months with accounts of remaining sexually harassed when in search of funding for their suggestions and startups. Notable investors like Dave McClure of five hundred Startups and Justin Caldbeck of Binary Money have resigned following such allegations.
But self-regulation like a decency pledge is not the similar as introducing authorized protection.
“We require to be distinct there are consequences for this variety of conduct,” Jackson claimed. “The strategy is to take a pretty powerful position, and make it pretty distinct that this is the variety of intersection concerning electric power and possibility in which we are not heading to tolerate sexual harassment.”
Jackson says the reaction to the monthly bill has been overwhelmingly good. Since the existing legislative session ends shortly, in September, she programs to move the monthly bill forward when the laws reconvenes in January and expects to have a vote on it by the conclude of that month.
This put up initially appeared on Small business Insider.
Authored by Sophie Ryan