Oleg Zabluda's blog
Saturday, July 01, 2017
Binary Capital's Justin Caldbeck On Indefinite Leave After Multiple Sexual Harassment Claims
Binary Capital's Justin Caldbeck On Indefinite Leave After Multiple Sexual Harassment Claims
The women who made the allegations include Niniane Wang, who co-created Google Desktop and served as CTO of Minted, and Susan Ho and Leiti Hsu, co-founders of Journy, a travel planning and booking service.

Binary Capital Cofounder Knew Of Justin Caldbeck's History Of 'Bad Behavior'

Binary Capital’s investors just accepted Jonathan Teo’s resignation
When revelations about Caldbeck were initially made public last week by The Information, Caldbeck and Teo initially denied any wrongdoing, calling the allegations a “few examples which show that Justin has in the past occasionally dated or flirted with women he met in a professional capacity.”

On Sunday, after Caldbeck was pressured to step down from his post, Teo issued a statement calling the “predatory behavior” of Caldbeck “deplorable” and insisting that “there will be zero tolerance at our firm of any conduct that is demeaning to women.”

The company’s portfolio CEOs evidently didn’t buy it, banding together and telling Binary’s LPs that it was either their way or the highway. Specifically, we’re told, nearly all of the CEOs presented or obtained legal documents with which to buy back their shares from Binary unless the LPs agreed to accept Teo’s resignation, too.


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