The meltdown at One of Silicon Valley’s Hottest Young VCs Could Lead to More Investigations

The implosion of Rothenberg Ventures, a venture firm known for its over-the-top parties and spending — as well as its young, charismatic founder, Mike Rothenberg — appears to have taken another dark turn. The company admitted to its investors that the Securities and Exchange Commission was looking into the company, according to an email obtained by Business Insider, although such inquiries do not automatically mean that any further action will be taken. At issue is how the company managed its money.