Google CEO's $100 Million Venture with Girlfriend Fails to Take Off
Originally Published 2 years ago — by Forbes
Former Google CEO Eric Schmidt has reportedly committed at least $100 million to startup accelerator Steel Perlot, which he leads as executive chairman alongside CEO Michelle Ritter, who he has been dating. However, just over a year after its launch, Steel Perlot was requesting financial assistance from Schmidt's family office to cover payroll and credit card debts. Former employees and sources linked to Steel Perlot have raised concerns about Ritter overstating financial commitments and involvement from industry leaders. While Ritter claims the company has multiple backers, Forbes was unable to find evidence of significant funds from anyone other than Schmidt. Schmidt declined to comment on Steel Perlot and his relationship with Ritter.