Justin Caldbeck sues Binary Capital co-founder Jonathan Teo, claiming he ‘made no effort to save the firm’

Justin Caldbeck, angry the Binary Capital co-founder couldn’t save the firm following his own sexual harassment scandal, alleges breach of contract and fraud in the lawsuit.

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Served a summons via tweet? It just happened to one allegedly elusive VC

Jonathan Teo, long a Bay Area venture capitalist, might be regretting having a Twitter account tonight. The reason: it was used to serve a summons to Teo by the law firm Baker Curtis & Schwartz, which represents a former employee of the early-stage venture firm Teo had cofounded in 2014, Binary Capital. The plaintiff is […]

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Y Combinator survey confirms what we already know — female founders are too often victims of sexual harassment

Y Combinator partnered with Callisto, a sexual misconduct reporting software built for victims, to survey its roster of female founders.

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The death of once high-flying VC funds

They all started with the best of intentions. Formation 8 talked about bringing “smart enterprise” to the corporate world. Social Capital talked about how to “fix capitalism,” and Binary Capital wanted to “affect global behaviour change.” Rothenberg Ventures set out to “work on the biggest problems that change the world.” Young founding partners debuting change-the-world […]

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Lerer Hippeau Ventures is taking over management of Binary Capital’s debut fund

Lerer Hippeau Ventures, the New York-based early-stage venture firm, is taking over the $125 million debut fund created by Binary Capital, a young San Francisco-based venture firm whose cofounder’s misdeeds became the talk of Silicon Valley last summer. Axios reported the development earlier this morning. Lerer Hippeau tells us it’s not commenting on the news. […]

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