VC admits he doesn’t hire women out of fear he’ll get sued

 On KQED’s Forum show today host Queena Sook Kim discussed venture capitalism’s sexist culture. But there was a shocking revelation from one VC who emailed in a response this morning, saying he would not hire a woman “out of fear that we will get sued.” However, not hiring women capable of filling a role at your workplace simply because they are a women is illegal.… Read More

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StdLib just raised $2 million to connect businesses via APIs

 Six years ago, Keith Horwood was known in his native Toronto as a former graduate student who’d hacked into his school’s student union election site, changing candidates’ titles for comic effect. (He was given what’s called a conditional discharge after paying a fine and performing community service.) He also determined that he’d rather become known in tech circles… Read More

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Binary Capital co-founder Justin Caldbeck quits as Matt Mazzeo steps away from the firm

 Justin Caldbeck, the co-founder of Binary Capital, and Matt Mazzeo, the firm’s newest partner, have both resigned from the venture firm, according to a statement from the firm’s remaining co-founder Jonathan Teo. The statement confirms reporting earlier in the evening on Sunday from Axios and comes as the investment firm struggles to remove the stain of allegations of sexual… Read More

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VC Justin Caldbeck raised funding in email to accuser ahead of scandal breaking

 TechCrunch has reviewed an email allegedly sent by VC Justin Caldbeck, of Binary Capital, to one of the female founders who have accused him of inappropriate behavior — which suggests he tried to use his influence as an investor to encourage the woman to drop the allegations against him. Read More

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For Binary Capital’s investors, a public apology may fall short

 In May of last year, speaking on behalf of his firm, venture capitalist Justin Caldbeck of Binary Capital tweeted: “Big believers in ‘addition by subtraction’ for company culture. Bad apples impact others, and rest of team will thank you when they’re gone.” We may never know to whom Caldbeck was referring, but certainly, his messaging seems ironic in light of… Read More

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Female founders accuse VC Justin Caldbeck of making unwanted advances

 Yesterday The Information reported on allegations made by half a dozen women working in the tech industry who say they have faced unwanted and inappropriate advances from Silicon Valley venture capitalist, Justin Caldbeck, co-founder and managing partner of Binary Capital. Read More

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