In a new filing, the venture firm Mithril Capital says it has been under assault by its former general counsel
It’s been a strange year for Mithril Capital Management, the venture firm cofounded in 2012 by Peter Thiel and his longtime associate Ajay Royan. Though Mithril enjoyed its biggest exit to date in February, when Johnson & Johnson agreed to pay $3.4 billion — plus another potential $2.35 billion in payments — for the surgical robotics company Auris Robotics, the firm has been characterized in news reports by Recode as in a complete state of disarray and, more recently, for reportedly being investigated by the FBI for financial misconduct.
Mithril is now drawing a line from those stories to former employee Crystal McKellar, who’d joined Mithril from the outset as its general counsel though she also long held the title of managing director.
According to a new legal petition filed in Texas, where Mithril moved its headquarters from San Francisco earlier this year, McKellar has, over many months, staged a multi-pronged campaign to disparage Mithril and Royan specifically, possibly to attract its investors to a new, separate venture firm that she has founded called Anathem Ventures. (That’s implied in the filing, anyway.)
Certainly, the petition makes for strange reading.
Among its assertions is that McKellar, who has told friends …read more
Source: Tech Crunch