Major Uber investor tells Benchmark: Drop your lawsuit against ex-CEO Kalanick

Enlarge / Shervin Pishevar speaking at the 2016 TechCrunch conference in San Francisco. Pishevar wrote a letter to Uber's board urging Benchmark Capital to drop its lawsuit against ex-CEO Travis Kalanick. (credit: Photo by Steve Jennings/Getty Images for TechCrunch)

Uber's ex-CEO Travis Kalanick is under fire, but he's hardly out of supporters.

Kalanick, who resigned in June under pressure, got sued earlier this month by Benchmark Capital. Benchmark, a VC firm that is a major investor in Uber, accused Kalanick of "gross mismanagement and misconduct" and withholding material information. Lawyers for Benchmark are seeking to block Kalanick from filling the two vacant board seats he still controls.

Uber investors are far from united in that view, however. That became clearer than ever yesterday, when another major Uber investor, Shervin Pishevar of Sherpa Capital, sent a letter to the Uber board of directors that was sharply critical of Benchmark's move. The letter was reported by Reuters and published in full by TechCrunch.

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