Shervin Pishevar, the embattled venture capitalist accused of sexual misconduct, said Thursday that he would step down from the Silicon Valley investment firm he co-founded.
The announcement comes weeks after he declared he would take a leave of absence from Sherpa Capital to shield the firm from his controversies.
Pishevar says he is resigning so that he can focus on challenging what he calls a “smear campaign” against him.
“My truculent opponents are out to settle scores that have nothing to do with Sherpa, and I refuse to allow my enemies to drag my Sherpa family into their fight with me,” Pishevar said in a statement. “That is why I have decided on my own accord to end my association with Sherpa Capital, effective immediately.”
Pishevar, an early Uber investor and co-founder of Hyperloop One, filed a lawsuit last month against Republican opposition research firm Definers Public Affairs, accusing the company of fabricating an incident with a prostitute in London and linking Pishevar to the Russian government.
Pishevar was arrested in London earlier this year after a woman accused him of raping her in a hotel. He was released and never charged.
Pishevar’s statement Thursday did not address any of the accusations made in a Bloomberg report, including allegations that he groped, forcibly kissed and sexually harassed multiple women.
Sherpa said in a statement that it was grateful for Pishevar’s contributions.