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his past is the past and I would put it behind me. I love that there is something I can learn from everyone, and I always look for that. The world is quick to judge. Rightly so. There is so much to be outraged about in the current world we live in and this allows us to drive massive change and move on to the next issue to be outraged about. Because there is so much that is damaged in the world.
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148:“found a few examples which show that Justin has in the past occasionally dated or flirted with women he met in a professional capacity, let’s be clear: there is no evidence that Justin did anything illegal and there is no evidence that any of his investing decisions were affected by his social interests.”
197:
I have known Justin in a professional context for many years. I have also heard rumors about him from the past. In the second year of our partnership, I had learned of some bad behavior from my partner, but it was evidenced to me that it happened prior to his time at Binary. And I kept my word that
125:
Binary's first fund managed $ 125 million. Their second fund was slated to manage $ 175 million, although in the wake of co-founder Justin
Caldbeck's sexual harassment scandal, the fund's limited partners voted to shut it down.
194:
Jonathan Teo, the last remaining
Managing Partner of the fund, issued a statement on Facebook, acknowledging that he heard rumors of Caldbeck's harassment of women from the past and had not acted on it.
129:
In June 2017, Caldbeck took an indefinite leave of absence following allegations of unwanted sexual advances by several female startup founders. The firm issued the following statement, as reported by
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138:“I strongly deny The Information’s attacks on my character. The fact is, I have always enjoyed respectful relationships with female founders, business partners, and investors.”
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In March 2018, venture capital firm Lerer
Hippeau took over the management of Binary’s first fund. The firm completed takeover of Binary’s second fund in April 2018.
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110:. The firm focuses on early-stage consumer technology companies. The founders' previous investment experience included roles at General Catalyst Partners,
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Following this announcement due to pressure from the media and
Limited Partners in the fund, Caldbeck resigned as did new Partner
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Days later, Caldbeck issued a statement no longer denying the allegations and publicly apologizing, starting off by saying "
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reported that the fund would shut down, it remains in operation with Mr. Teo as
Managing Partner.
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556:"Lerer Hippeau is taking over Binary Capital's portfolio after Justin Caldbeck's departure"
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580:"Lerer Hippeau is taking over management of Binary Capital's debut fund"
432:"Justin Caldbeck takes indefinite leave of absence from Binary Capital"
382:"Justin Caldbeck takes indefinite leave of absence from Binary Capital"
357:"Binary Capital delays fund close in wake of Justin Caldbeck situation"
531:"Binary co-founder blames "corrupted" media for his resignation offer"
255:"New Venture Fund Binary Capital Focuses on Mission, Not Just Metrics"
229:"New Venture Fund Binary Capital Focuses on Mission, Not Just Metrics"
672:
506:"Binary Is Shutting Down Its Latest Fund After Co-Founder Misconduct"
144:“engaged in improper behavior with female entrepreneurs” was “false.”
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306:"Binary Capital backs runaway trains with $ 175 million new fund"
142:
Binary issued a statement that said the notion Mr. Caldbeck had
627:
604:"Lerer Hippeau's takeover of Binary Capital is now complete"
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457:"Binary Capital partner quits (update: so does Caldbeck)"
408:"Silicon Valley Women Tell of VC's Unwanted Advances"
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Financial services companies disestablished in 2017
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Everything I hate about Justin
Caldbeck’s statement
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The past 24 hours have been the darkest of my life.
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21:
332:"Startups Try to Spread Outside of Silicon Valley"
1222:Financial services companies established in 2014
173:Entrepreneur Brendan Mulligan wrote a piece on
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8:
1141:Private equity and venture capital investors
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159:, issued the following piece in response: "
146:Binary said that while the information had
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1113:Taxation of private equity and hedge funds
930:Private investment in public equity (PIPE)
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155:of Greylock Partners and the Founder of
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161:The Human Rights of Women Entrepreneurs
1242:American companies established in 2014
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136:In a statement, Mr. Caldbeck said,
330:Mims, Christopher (11 July 2016).
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1237:Companies based in San Francisco
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304:Constine, Josh (August 2016).
1:
1181:List of venture capital firms
1161:List of private equity firms
918:Business Development Company
177:about Caldbeck's statement:
253:Max, Sarah (29 July 2014).
227:Max, Sarah (29 July 2014).
116:Lightspeed Venture Partners
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1005:High-net-worth individuals
795:Leveraged recapitalization
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893:Limited liability company
853:Venture capital financing
800:Dividend recapitalization
482:"Jonathan Teo - Facebook"
26:Limited liability company
960:Institutional investors
1098:Liquidation preference
1063:Distribution waterfall
1015:Sovereign wealth funds
1171:Venture capital firms
923:Venture capital trust
120:Bain Capital Ventures
1151:Private equity firms
879:Private equity firms
828:Post-money valuation
705:Equity co-investment
233:Dealbook.nytimes.com
1201:Portfolio companies
1118:Undercapitalization
970:Insurance companies
888:Limited partnership
833:Pre-money valuation
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1053:Capital commitment
823:Business incubator
790:Buy–sell agreement
102:is an early stage
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1058:Capital structure
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785:Divisional buyout
780:Management buyout
775:Financial sponsor
278:Capital, Binary.
189:Lowercase Capital
112:Benchmark Capital
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92:www.binarycap.com
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83:$ 300 million
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62:San Francisco
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27:
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20:
1123:Vintage year
1048:Capital call
1020:Crowdfunding
955:Corporations
858:Venture debt
611:. Retrieved
607:
598:
587:. Retrieved
583:
574:
563:. Retrieved
559:
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539:. Retrieved
537:. 2017-07-09
534:
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514:. Retrieved
512:. 2017-06-28
509:
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489:. Retrieved
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465:. Retrieved
463:. 2017-06-26
460:
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440:. Retrieved
438:. 2017-06-23
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363:. 2017-06-24
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153:Reid Hoffman
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78:Total assets
58:Headquarters
22:Company type
985:Foundations
908:Pledge fund
700:Secondaries
392:17 December
341:17 December
315:17 December
289:17 December
238:17 December
185:Matt Mazzeo
1216:Categories
1073:Envy ratio
980:Endowments
843:Seed money
757:Terms and
613:2018-09-21
589:2018-09-21
584:TechCrunch
565:2018-09-21
541:2017-09-20
516:2017-06-28
491:2017-06-28
467:2017-06-26
442:2017-06-26
417:2017-06-26
367:2017-06-26
264:2018-09-21
214:References
66:California
1043:Cap table
948:Investors
872:Structure
690:Mezzanine
678:Leveraged
535:Axios.com
386:Axios.com
361:Axios.com
205:Bloomberg
203:Although
1093:Leverage
1029:Related
759:concepts
259:DealBook
157:LinkedIn
32:Industry
1103:M&A
810:Venture
715:History
685:Venture
336:Wsj.com
88:Website
50:Defunct
42:Founded
1068:EBITDA
767:Buyout
695:Growth
673:Buyout
608:Recode
560:Recode
175:Medium
118:, and
883:funds
748:2020s
743:2010s
738:2000s
733:1990s
728:1980s
461:Axios
436:Axios
187:from
935:SPAC
881:and
838:SAFE
657:and
394:2017
343:2017
317:2017
291:2017
240:2017
53:2018
45:2014
1108:PME
1088:IRR
1083:IPO
1038:AUM
170:"
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