VC Reporters - Federal RICO Complaint Against BIP Ventures

A company theft pattern looks like this: They invest. They withhold capital until your runway breaks. They offer a "rescue" round on terms that convert their preferred shares to common. They take the board. They remove the founder. They tell the market it was a strategic transition. This is the pattern I am alleging in federal court right now. What BIP Ventures allegedly did to me at SkillCycle, all in the federal complaint and the April 21 press release: -Allegedly diluted me from approximately 80% to roughly 4%. -Allegedly converted preferred shares to common to seize the board. -Terminated me within days of that conversion. -Allegedly accessed my deleted email after firing me. -Allegedly manufactured fraud claims my own financial personnel, board members, and other investors contradicted. -Executed what the complaint calls a "loan-to-own" strategy. The complaint includes federal RICO claims - Racketeer Influenced and Corrupt Organizations Act, written to prosecute organized crime, now applied to coordinated schemes of fraud wherever they happen. Yes, including in venture capital..... The press release called this a pattern documented across many BIP portfolio companies. I knew what I had when I signed it. What I have now is more. Four weeks. The phone has not stopped. More founders inside the BIP portfolio. Founders outside it who recognized the playbook from their own deal terms. Operators who watched it happen to their CEO. We are comparing notes. The receipts are stacking up significantly. BIP does not know who is talking, and that is the point. Before I became a CEO, I spent 20 years as an HR leader. 2 decades of investigations, paper trails, and hard conversations. I know how to document. I know how to collect receipts. I know how to do the right thing. This is not my first rodeo. I just cannot believe it is mine. Three audiences. Three asks. Founders, if any of this looks familiar, my inbox is open. I will listen. I will connect you to the right professionals. I will not name you, share your story, or pressure you. You are not alone. You are not crazy. You are not the first. Reporters, report on this. A federal RICO complaint against a VC firm with hundreds of portfolio companies and a marketing page that contradicts its own data is a story that defines a beat. DM me. BIP limited partners, ask where your money actually is. Ask which vintages the "top quartile DPI" claim excludes. Ask which portfolio companies replaced their founders in the last 24 months. Ask why the press releases stopped in 2023. LinkedIn community, this is where I need you. Like. Comment. Share. Tag the founder who needs to see it. Tag the reporter who covers venture. Tag the LP who deserves to know. I cannot do this alone, and I am not pretending I can. The complaint is public. McCann v. BIP Ventures, L.P., et al., S.D.N.Y. 1:26-cv-03138. The lawsuit is mine. The pattern belongs to everyone they did this to. We are no longer staying quiet.