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June 28, 2017 04:05 am GMT
Binary Capital, the San Francisco-based early stage fund whose cofounder, Justin Caldbeck, resigned this past Sunday, is shutting down for all practical purposes. A source tells Bloomberg that the young firm, which had closed its second fund last year with $175 million in commitments but barely begun to invest that capital, will be wound down. Binary’s portfolio companies, including from… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/z9L7apksnXg/
The latest in the Binary Capital blowup and what it means for startup investing
Binary Capital, the San Francisco-based early stage fund whose cofounder, Justin Caldbeck, resigned this past Sunday, is shutting down for all practical purposes. A source tells Bloomberg that the young firm, which had closed its second fund last year with $175 million in commitments but barely begun to invest that capital, will be wound down. Binary’s portfolio companies, including from… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/z9L7apksnXg/
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