A Silicon Valley venture capitalist spent so much money, his firm...
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A Silicon Valley venture capitalist spent so much money, his firm is reportedly falling apart at the seams and may be under investigation by the SEC.
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A Silicon Valley venture capitalist spent so much money, his firm is reportedly falling apart at the seams and may be under investigation by the SEC.
Sarah Buhr and Connie Loizos at TechCrunch report that several top execs at the firm have left in recent days, citing founder Mike Rothenberg's excessive spending. One person told TechCrunch that the SEC is looking at the firm after an employee alerted the agency to possible wire fraud and breach of fiduciary duty.
TechCrunch detailed Rothernberg's outlandish expenditures, including but not limited to:
Tickets to the Golden Globes.
A birthday party for actor Chace Crawford.
Executive producing a video for Coldplay.
A suite at the Super Bowl.
A $2,000-a-month membership with a private jet service.
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