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

VC Justin Caldbeck raised funding in email to accuser ahead of scandal breaking
From TechCrunch - June 25, 2017

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 behaviorwhich suggests he tried to use his influence as an investor to encourage the woman to drop the allegations against him.

The email, dated June 8 of this year, was published earlier by Pando, and was sent to Evertoonfounder Niniane Wang, who shared it with us.

It has the subject line: Catching up. According to the email metadata it was sent from a Gmail address apparently belonging to Caldbeck, rather than from his Binary Capital email account.

Caldbeck is currently on an indefinite leave from the firm after The Information published details of what amounts to predatory behavior, publishing the stories of six women who had been in contact with Caldbeck in a professional capacity.

Among the allegations are that he sent inappropriate text messages to female founders and that he groped a woman under a bar table during a business meeting.

At least some of these women were having meetings with Caldbeck in the hopes of being able to gain funding for their businesses.

The email to Wang looks to have been sent prior to the publication of The Informations story, on June 22, but also long after Binary Capital had been contacted by the publication for comment about the allegations against Caldbeck.

A source close to the matter told us Binary Capital was first contacted by The Information regarding the allegations a full two months ago.

Pando reports Wang saying she received the email from Caldbeck three days after she had agreed to go on the record with The Information about his behavior. He had apparently only contacted her once in the previous two years prior to this email.


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