Hyperloop One co-founder takes leave after sexual harassment accusations

Enlarge / Co-Founder and Managing Director of Sherpa Capital Shervin Pishevar and Executive Editor of Recode Kara Swisher speak onstage during Vanity Fair New Establishment Summit at Wallis Annenberg Center for the Performing Arts on October 3, 2017 in Beverly Hills, California. (credit: Matt Winkelmeyer/Getty Images)

Shervin Pishevar, a well-known Silicon Valley investor who co-founded Virgin Hyperloop One, has now taken a leave from his professional duties in the wake of recent allegations of sexual harassment and assault.

According to Bloomberg, five women have recently accused Pishevar of using "his position of power to pursue romantic relationships and unwanted sexual encounters."

According to Pishevar's Tuesday statement, the venture capitalist will immediately step down from Sherpa Capital and Virgin Hyperloop One, as well as give up his board seats at other companies.

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