Investor Kenneth Ballenegger was suspended from his firm Oyster Ventures after offensive posts on X.Ballenegger wrote on X that Israel should sterilize Gaza's population, among other remarks.
AdvertisementAdvertisementVenture capitalist Kenneth Ballenegger has been suspended from the US investment firm he cofounded, Oyster Ventures, after making offensive remarks on X on the Israel-Hamas conflict.
According to screenshots shared with Insider, Ballenegger wrote on Sunday: "After the war, Israel should handle Gaza like China handles Xinjiang.
"Any employee's personal or political opinion does not reflect the values of Oyster Ventures or myself.
The blowback over Ballenegger's comments also reflect ongoing tensions in the tech world.
Persons:
Kenneth Ballenegger, Ballenegger, sterilize, —, Yashar Ali, Ballenegger's, Sophie Liao, Liao, I've, Bolt, Dealroom, Crypto, Paddy Cosgrave
Organizations:
Oyster Ventures, Service, Ventures, Summit
Locations:
Israel, Gaza, China, Xinjiang, San Francisco, Asia, Pitchbook