Techmeme

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Dan Primack / Axios:
Sources: Binary Capital delayed its plans to close on upwards of $75M in new capital in wake of Justin Caldbeck situation   —  Binary Capital yesterday delayed its plans to close on upwards of $75 million in new capital for its second fund.  This comes after co-founding partner Justin Caldbeck took …
Jun 24, 2017, 3:10 PMIn context
Dan Primack / Axios:
After reports of sexual harassment, Justin Caldbeck takes indefinite leave of absence from Binary Capital, apologizes for behavior, says he'll seek counseling   —  Venture capitalist Justin Caldbeck is taking an indefinite leave of absence from Binary Capital, the Silicon Valley firm he co-founded …
Jun 23, 2017, 3:57 PMIn context
Dan Primack / Axios:
A number of female founders allege unwanted sexual advances and harassment by Binary Capital's Justin Caldbeck   —  “What do you know about a VC named Justin Caldbeck?”  —  That was the question a (now former) colleague asked last year, at the end of an unrelated conversation.
Jun 23, 2017, 11:30 AMIn context
Dan Primack / Axios:
Source: over 1,000 Uber employees sign letter to board demanding that Travis Kalanick return “in an operational role” because he's “critical” to future success   —  More than one thousand current Uber employees have signed a letter to the company's board of directors …
Jun 22, 2017, 1:55 PMIn context
Dan Primack / Axios:
Sources: A group of Uber investors, including Benchmark Capital, is exploring ways to remove Travis Kalanick as Uber's CEO   —  A select group of Uber's institutional investors is exploring ways of removing Travis Kalanick as CEO, Axios has learned from multiple sources.
Jun 21, 2017, 1:00 AMIn context
Dan Primack / Axios:
Sources: Google launches venture capital program focused on AI, led by VP of engineering Anna Patterson, aiming to invest $1M to $10M per deal   —  Google has launched a new venture capital program focused on artificial intelligence, Axios has learned from multiple sources.
May 26, 2017, 3:05 PMIn context
Dan Primack / Axios:
Sarah Tavel leaves Greylock Partners to become general partner at Benchmark Capital, the first woman in that role at the firm   —  Sarah Tavel has joined venture capital firm Benchmark Capital as its sixth general partner, after having been with rival Greylock since 2015.
May 9, 2017, 12:35 PMIn context
Dan Primack / Axios:
Chris Sacca retires from startup investing and will stop appearing on Shark Tank; Lowercase Capital will not raise another fund   —  Chris Sacca, one of the earliest investors in companies like Uber and Twitter, today announced that he has decided to stop making investments in technology startups.
Apr 26, 2017, 10:15 AMIn context
Dan Primack / Axios:
Yext prices IPO at $11 per share, above the initial offering range, raising $115.5M+ and valuing the company at about $940M ahead of a NYSE debut on Thursday   —  Yext is the latest tech company to price its IPO, raising over $115 million tonight by pricing 10.5 million shares at $11 a piece.
Apr 12, 2017, 8:27 PMIn context
Dan Primack / Axios:
Just 7% of decision-makers at 227 US venture capital firms are women, and women control just 4.7% of all venture dollars raised in the past 5 years by US firms   —  Data: Axios Analysis; Icons by Gan Khoon Lay via the Noun Project ; Chart: Lazaro Gamio / Axios
Apr 3, 2017, 4:30 PMIn context

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