Idaho-raised CEO Dan Value give up below strain. This timeline reveals the allegations

NAMPA (Idaho Statesman) – Seven years after Dan Value’s meteoric rise to prominence, the Seattle-based CEO raised close to Nampa, Idaho, shortly got here crashing again to Earth.

Value, who based the bank card processing agency Gravity Funds, stepped down from his place as CEO on Wednesday to dedicate extra time to “combating false allegations” towards him. Value resigned shortly earlier than a New York Instances investigative piece printed on Thursday accused him of improper habits with quite a few girls.

Already acknowledged as a younger up-and-comer within the enterprise world, Value earned nationwide recognition in 2015 when he raised the minimal wage for all Gravity Funds’ staff to $70,000 and slashed his personal wage from $1.1 million to $70,000.

Right here’s a timeline of Value’s rise to the highest, incidents of sexual misconduct and resignation:

February 2004: Value based Gravity Funds along with his brother, Lucas Value, throughout their time as college students at Seattle Pacific College. By 2008, Gravity Funds was the largest bank card processor in Washington state and ranked seventieth nationally.

2010 to 2014: Gravity Funds continued to flourish, and in 2010, Value was honored because the Nationwide Younger Entrepreneur of the 12 months by the U.S. Small Enterprise Administration. He met President Barack Obama on the White Home that Might.

In 2013 he received Geekwire’s Entrepreneur of the 12 months. The subsequent yr, Entrepreneur Journal named him “Entrepreneur of 2014.”

Value was arrested in 2013 for getting right into a battle with a bar supervisor in Seattle, however the expenses had been finally dropped.

April 13, 2015: Value stunned his 120-person employees by asserting that he deliberate to lift the minimal wage of all Gravity Cost staff to $70,000 over three years. He additionally minimize his wage from $1.1 million to $70,000 and used 75% to 80% of the corporate’s anticipated $2.2 million revenue from that yr to pay for the wage will increase.

“As a lot as I’m a capitalist, there may be nothing available in the market that’s making me do it,” Value stated then. The transfer earned him nationwide fame, with the New York Instances and NBC overlaying the information. Esquire additionally did a photograph shoot and Value appeared on Comedy Central’s “The Every day Present.”

April 24, 2015: Value was sued by his brother, Lucas, who alleged that Value had raised his personal wage and that the company-wide wage will increase violated Lucas’ rights as a minority shareholder. A three-week-long courtroom battle culminated in a King County Superior Courtroom choose siding with Dan Value, ordering Lucas Value to pay his brother $1.3 million with 12% curiosity to cowl authorized charges.

October 2015: Value’s former spouse, Kristie Colón, to whom he was married from 2005 to 2012, accused Value of home abuse at a TEDx speak on the College of Kentucky. (TED stands for “expertise, leisure, design.”)

Colón accused Value of throwing her to the bottom, punching her within the abdomen, and slapping her throughout the face. She additionally stated that Value waterboarded her and that she had as soon as locked herself within the automotive to guard herself from him.

Value stated these incidents “by no means occurred,” and the presentation may very well be defamatory. Value’s father, Ron Value, a Boise enterprise marketing consultant and public speaker, additionally denied the allegations in an interview with the Idaho Statesman in December 2015.

Ron and Dan Price smiling
Dan Value in 2014 along with his father, Ron Value, a well known enterprise speaker and marketing consultant in Nampa, Idaho. | Katherine Jones, Idaho Statesman

The College of Kentucky by no means posted the video, however Value misplaced a $500,000 guide contract, and the Hollywood expertise company WME dropped him after Bloomberg Businessweek printed a narrative concerning the incident.

January 2021: In line with prosecutors, Value met an artist he had first messaged on Instagram in 2019, the Seattle Instances later reported. After consuming dinner collectively in Seattle, Value cornered her in his Tesla, tried to kiss her and grabbed her throat when she refused. When she referred to as her boyfriend to come back and get her, Value, intoxicated, sped the pair away to the highest flooring of a parking storage, in line with the the Seattle Instances report.

April 2021: Three months right into a relationship with Kacie Margis, a San Diego-based mannequin and artist, the pair met in Palm Springs, California, in line with The New York Instances. After a disagreement, Margis retired to mattress after consuming a hashish edible to assist with insomnia. As she drifted off to sleep, Margis stated she felt Value penetrate her, however she pretended to be asleep for fears that he would “kill her,” she advised the police.

A Palm Springs Police Division report, dated April 16, 2021, was posted on-line by a person referred to as Doug Forbes, who has been running a blog about Value for a number of years. The case abstract he posted describes Margis as “Jane Doe” and says that “her boyfriend who was conscious she had taken (the edible)” had engaged in intercourse along with her with out consent, figuring out she didn’t need to be intimate.

The New York Instances reported that the Palm Springs Police Division submitted its investigation into Margis’ declare to the Riverside County district lawyer on Aug. 15, 2022, recommending a cost of rape of a drugged sufferer.

December 2020: Shortly after Margis went public along with her expertise, different girls who had skilled misconduct by the hands of Value discovered Forbes’ weblog, in line with The Instances. A health coach from Seattle, Serena Jowers, stated that she met Value in December 2020 and he had tried making her watch pornography, pressured her into having intercourse, and recorded the interplay with out her permission, The Instances reported. Three different girls additionally stated that he had secretly filmed them.

Might 31, 2022: The Seattle Instances reported in April that Value was charged with fourth-degree assault with sexual motivation, fourth-degree assault and reckless driving in regards to the incident in January 2021. Seattle prosecutors dropped the cost for assault with sexual motivation however proceeded with the fees for reckless driving and assault

Aug. 17, 2022: Value finally stepped down from his place as CEO of Gravity Funds, citing on his Twitter that he had turn out to be a “distraction” for the corporate.


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