Sexism dispute rocks Japanese venture capital association

Board member resigns in response to 'inappropriate comment' by fellow director

20231212 JVCA logo

The Japan Venture Capital Association says it will soon issue a revised set of diversity and inclusion initiatives.

LISA KIM and JACK STONE TRUITT, Nikkei staff writers

TOKYO/NEW YORK -- In mid-October, David Milstein returned to Tokyo after a business trip and opened the Slack channel where he communicated online with other directors and members of the Japan Venture Capital Association (JVCA), an industry body representing more than 200 venture capital (VC) companies.

What he saw left Milstein, managing partner of Fidelity's VC arm Eight Roads Ventures Japan, in "disbelief" -- and has stirred the debate ever since about how to make the Japanese VC industry more diverse and inclusive.

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