The SoFi Story Has Spun Into a Lurid Tale About Misbehaving Silicon Valley Startups

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SoFi Culture

The SoFi story is slowly unraveling from a handful of unhappy employees seeking relief through the courts to a full-on Silicon Valley frat house anything-goes sexcapade scandal. If you haven’t been following along, below are links to help you catch up on how the story has unfolded:

8/11 – NY Times – Another Silicon Valley Start-Up Faces Sexual Harassment Claims

8/11 – California Superior Court – Read the complaint by former employee Brandon Charles

8/15 – deBanked – The Employee Suing SoFi Only Worked There for Three Months

8/19 – deBanked – SoFi Hit With Class Action Lawsuit Over Wage Issues

8/31 – California Superior Court – Former employee Brandon Charles amends complaint to include CEO Mike Cagney as a defendant and adds Defamation as a claim

9/1 – SoFi – SoFi hires third party to conduct internal investigation

9/11 – SoFi – A Note From SoFi CEO Mike Cagney

9/11 – NY Times – Chief Executive of Social Finance, an Online Lending Start-Up, to Step Down

9/12 – deBanked – SoFi’s CEO is Stepping Down

9/12 – SoFi – Responding to the New York Times

9/12 – Dealbreaker – SoFi Scandal Turning Quickly From “Nothing Was Sexual” To “Everybody Is Having Sex With Everybody”

9/13 – NY Times – ‘It Was a Frat House’: Inside the Sex Scandal That Toppled SoFi’s C.E.O.

9/13 – Vanity Fair – “IT WAS A FREE-FOR-ALL”: INSIDERS SLAM SOFI’S “FRAT HOUSE” CULTURE AS C.E.O. RESIGNS

In the last few months, the CEO & chairman, CFO, CRO, and a co-founder have all resigned.

Last modified: September 14, 2017

Category: Industry News, Student Loans

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