Pao drops her appeal against Kleiner Perkins, saying she cannot afford the risk of incurring additional costs to fight the company. Pao says she has not reached a settlement with the firm and will pay some of its $275,000 legal fees.
This battle has been painful for me personally and professionally, and also for my family. It is time to move on. I look forward to continuing the conversation about workplace equality and to building great companies in the technology industry.
Kleiner Perkins said in a statement that it was glad to put the case behind it.
There is no question diversity in the workplace is an important issue. KPCB remains committed to supporting women and minorities in venture capital and technology both inside our firm and within our industry.