Sex case venture capitalist quits

One of Britain’s leading venture capitalists has quit his role after he appeared to admit that his sexual assault conviction was making it difficult for his firm to raise new funds.

Stefan Glaenzer, a partner at Passion Capital, an investor in early-stage technology companies, indicated that his decision to resign was linked to his 2012 conviction for sexually assaulting a woman on the London Underground.

Mr Glaenzer, 56, told Techcrunch, a technology news website, that there was hesitancy from an institution to invest in a new Passion fund because it considered him a “headline risk” — thought to refer to his conviction.

He pleaded guilty to the assault, claiming that he was high on cannabis at the time. He was given a suspended prison sentence…

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