Benchmark-Uber suit signals end of era for imperious founders

Benchmark-Uber suit signals end of era for imperious founders

Travis Kalanick. Photographer: Krisztian Bocsi/Bloomberg

When Uber Technologies Inc. backer Benchmark Capital filed a lawsuit against the startup’s founder Travis Kalanick for using allegedly fraudulent means to pack the board with his loyalists, it sent a strong signal that Silicon Valley’s so-called founder-friendly era is coming to an end.

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