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Dan Primack / Axios:
In email sent to all portfolio CEOs, Binary Capital's managing partner Jonathan Teo blames “corrupted” media for his resignation, which LPs have yet to accept   —  Binary Capital co-founder Jonathan Teo slammed the media, investor leaks and at least one of his portfolio companies …
Jul 9, 2017, 10:25 PMIn context
Dan Primack / Axios:
Dave McClure resigns as a general partner of 500 Startups, following admission of inappropriate behavior toward women; he had already stepped down from CEO role   —  Dave McClure has resigned as a general partner of funds managed by 500 Startups, the seed investment group he founded in 2010, Axios has learned.
Jul 3, 2017, 2:21 PMIn context
Dan Primack / Axios:
Source: Lightspeed asked Stitch Fix CEO to sign non-disparagement agreement after she complained about then-board member and Lightspeed partner Justin Caldbeck   —  When Stitch Fix founder Katrina Lake told Lightspeed Venture Partners, an early investor in her company, that (then) …
Jun 27, 2017, 8:50 PMIn context
Dan Primack / Axios:
Sources: Matt Mazzeo, formerly of Lowercase Capital, quits Binary Capital weeks after quietly joining as its third partner; Justin Caldbeck formally resigns   —  We have some updates on the situation at Binary Capital, the San Francisco-based venture capital firm whose co-founding partner …
Jun 25, 2017, 10:58 PMIn context
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

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