Silicon Valley Women Tell of VC’s Unwanted Advances

Half a dozen women working in the tech industry say they have faced unwanted and inappropriate advances from a well-connected Silicon Valley venture capitalist while discussing business. The allegations have come to light as the technology industry grapples with criticism over long-standing gender inequality and bias.

The women say they faced these advances from Justin Caldbeck, who over the past decade worked at Bain Capital Ventures and Lightspeed Venture Partners before starting his own firm, Binary Capital. Several of the women say the advances occurred when they sought funding or advice while trying to start businesses. At least two of the women decided to avoid business dealings with Mr. Caldbeck as a result of the episodes.

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Binary’s investors, or limited partners, include the University of California, Los Angeles, Weathergage Capital and Legacy Venture. Those firms declined to comment for this article.

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