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Jessy Wu

Venture capital firm EVP was right to call the cops on StrongRoom

EVP committed venture capital heresy by reporting StrongRoom AI to the police. It angered fellow investors but has shown moral courage rather than selfishness.

Jessy WuContributor
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As a venture capitalist, calling the police on your own portfolio company isn’t just unusual; it’s borderline heretical.

That’s exactly what Sydney VC firm EVP did, after discovering apparent fraud at StrongRoom AI – a tech start-up into which it had invested $10.4 million just weeks earlier.

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Jessy Wu is the managing director of communications agency Encour. Previously, she was a VC investor in early-stage tech companies.
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    Original URL: https://www.afr.com/technology/venture-capital-firm-evp-was-right-to-call-the-cops-on-strongroom-20250404-p5lp3j