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Investor Sold Stake in Startup That Fired CEO After LSD Use: Report

Index Ventures recently sold about half its shares in Iterable, The Information reported.
The sale, to Silver Lake Partners, came before Iterable s CEO was fired for LSD use while at work.
Two investors on the board previously had concerns about the CEO s leadership, The Information reported.
Prior to marketing startup Iterable firing its CEO, Justin Zhu, this week, a major investor sold roughly $92 million of its shares in the company, The Information s Kate Clark reported Wednesday.
Iterable, founded in 2013 by Zhu and Andrew Boni, made headlines this week after Bloomberg reported that its CEO had been fired for violating company policy. Zhu told Bloomberg he had used LSD while at work in an effort to boost his focus and creativity, taking a small dose of the drug in a practice commonly known as microdosing before an investor meeting in 2019. Boni is taking over the top job as a result of Zhu s departure. ....

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An investor in the startup that fired its CEO after he microdosed LSD at work reportedly sold roughly $92 million in shares before the ousting

An investor in the startup that fired its CEO after he microdosed LSD at work reportedly sold roughly $92 million in shares before the ousting
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