Stories

SaveSave story

Binary Capital partner quits (update: so does Caldbeck)

Binary Capital website

We have some updates on the situation at Binary Capital, the San Francisco-based venture capital firm whose co-founding partner, Justin Caldbeck, on Friday took an indefinite leave of absence after multiple accusations of sexual harassment from female entrepreneurs. Per sources:

Outta there: Matt Mazzeo has left Binary Capital, which he had quietly joined as its third partner. Axios has reported on Mazzeo's plans back in April, but the move had never been officially announced. Mazzeo had spent the past five years with Lowercase Capital, the seed-stage firm founded by Chris Sacca, but chose to team up with Binary after Sacca announced his retirement from VC.

Update: Justin Caldbeck has also resigned from the firm, effective immediately, Axios has learned.