The verdict is in for the high profile legal case between Ellen Pao vs. Kleiner Caufield Perkins and Byers (KCPB), the famous Silicon Valley venture capital firm. Pao lost the historic gender discrimination case against KCPB that was keenly followed by folks in Silicon Valley and around the world.
Pao was a partner at Kleiner Perkins. She sued the VC firm for $16 million in lost wages because of her gender. Pao lost the case on all 4 counts against the VC firm. The jury did not find that Pao was discriminated on the basis of gender.
Right after the verdict was announced Pao made a brief statement:
If I’ve helped to level the playing field for women and minorities in venture capital, then the battle was worth it,” Pao said. “Now it’s time for me to get back to my career, my family and my friends.
Regardless of how the verdict comes out, I think it will have the impact of a wake-up call for all of us fish. For a moment over the last month, we jumped out of our water and thought very critically about the environment within which we swim. More and more women and men are starting to “lean in” and take responsibility for changing the waters.
This is what the Los Angeles Times wrote in its editorial piece earlier this afternoon:
But despite the firm’s victory in Pao’s lawsuit, the testimony about it may persuade more women to steer clear of the venture capital fraternity.