Source: Binary Capital is shutting down its most recent fund, which had raised about $175M, in wake of Justin Caldbeck situation
and what it means for startup investing Tweets: Parker Thompson / @pt : The phrase “in venture outcomes are binary” has just taken on new meaning. http://www.bloomberg.com/... Jeff Day / @jeffday : Five days from the story breaking to Caldbeck's resignation and finally the fund shutting down. Amazing. https://www.bloomberg.com/... Neha Narula / @neha : I am so, so, so proud of you. @niniane you're my hero! http://twitter.com/... Sarah Lacy / @sarahcuda : There are a lot of terrified VCs rn http://www.bloomberg.com/... Ben Bajarin / @benbajarin : Not sure things like this, and even the Uber situation, would have been possible or happened without Twitter. http://twitter.com/...