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6 Female Founders Accuse VC Justin Caldbeck of Making Unwanted Advances (techcrunch.com) 419

An anonymous reader quotes a report from TechCrunch: Yesterday The Information reported on allegations made by half a dozen women working in the tech industry who say they have faced unwanted and inappropriate advances from Silicon Valley venture capitalist, Justin Caldbeck, co-founder and managing partner of Binary Capital. The women include Niniane Wang, co-creator of Google Desktop and a prior CTO of Minted; and Susan Ho and Leiti Hsu, co-founders of Journy, a travel planning and booking service. The Information also talked to three other women who said Caldbeck made inappropriate advances to them. It says these women did not want their names disclosed for fear of retaliation from the VC -- and because of wider concerns they might suffer a backlash from men in the industry who don't see inappropriate advances as a problem. Among the allegations made to The Information are that Caldbeck sent explicit text messages to women; that Caldbeck sent messages in the middle of the night suggesting meeting up; that Caldbeck suggested going to a hotel bedroom during a meeting; that Caldbeck made a proposition about having an open relationship; and that Caldbeck grabbed a woman's thigh under the table of a bar during a meeting. Several of the women reported finding Caldbeck's advances so awkward they gave up on continued dealings with him. In Caldbeck's initial statement, he "strongly" denied the allegations and claimed: "I have always enjoyed respectful relationships with female founders, business partners, and investors." However, in response to The Information's story, his tone changed significantly: "Obviously, I am deeply disturbed by these allegations. While significant context is missing from the incidents reported by The Information, I deeply regret ever causing anyone to feel uncomfortable. The fact is that I have been privileged to have worked with female entrepreneurs throughout my career and I sincerely apologize to anyone who I made uncomfortable by my actions. There's no denying this is an issue in the venture community, and I hate that my behavior has contributed to it." Caldbeck has since released a full statement to Axios, where he says he "will be taking an indefinite leave of absence from Binary Capital..."
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6 Female Founders Accuse VC Justin Caldbeck of Making Unwanted Advances

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  • yup (Score:5, Insightful)

    by phantomfive ( 622387 ) on Friday June 23, 2017 @09:35PM (#54679399) Journal
    This news is:

    Probably largely true,
    probably what he did isn't illegal (just awkward),
    and he's probably already been punished by his company.

    tbh there's no reason to publicize anyone in this story, the situation's been handled. Let people move on with their lives.
    • Re: (Score:3, Insightful)

      First, it's been verified by the guy. He's admitted his guilt, apologized, and stepped down. No "probably" about it.

      Second, this is a tech site, and we're talking about venture capital in the tech sector, so given all that, plus it undeniably being true, it's certainly an appropriate story for slashdot.

      Third, if the story hadn't been publicized so much, he would have stuck with his original lies, while slandering the women by basically calling them liars.

      • First, it's been verified by the guy. He's admitted his guilt, apologized, and stepped down. No "probably" about it.

        For anything reported in the news, there's a probability distribution. It's probably true.

      • Second, this is a tech site, and we're talking about venture capital in the tech sector, so given all that, plus it undeniably being true, it's certainly an appropriate story for slashdot.

        ...according to the very broad view that would probably include stories on what company founders eat for breakfast. My, do I miss the old /. that would prioritize technical news over this nonsense...

      • Re: (Score:3, Insightful)

        by kelanos ( 4973983 )

        if the story hadn't been publicized so much

        When public opinion turns against you, it doesn't matter what you say, you're 'guilty', and denying it only makes it worse.

        He absolutely did not admit his guilt, there was no description of the exact events that happened by either party.

        The "sexual harassment" witch trials continue, fueled by bleeding hearts of the naive (to put it the nicest way possible), burning independent businessmen at the stake, paving the way for further acquisition and consolidation of "rogue" businesses competing against the statu

        • Notice how BarbaraHudson has posted more than once here that the guy "copped to it" and "admitted it"

          Notice also that BarbaraHudson is lying.

          This is why we dont believe it happened just because its been claimed to have happened. Not only might the people accusing him be lying, there is an army of liars literally already saying that the guy admitted it.

          They want us to believe every rape accusation, but there is good reason to believe that "the general case" is a bunch of liars lying. Right here we got
          • Re: (Score:3, Informative)

            You need to get out more. He most certainly admitted it: [theguardian.com]

            A prominent venture capitalist admitted to sexually harassing women in the tech industry, saying he leveraged his “position of power in exchange for sexual gain” in the latest discrimination and misconduct scandal to rock Silicon Valley.

            Justin Caldbeck announced on Friday that he would be taking an indefinite leave of absence from Binary Capital, the firm he co-founded, following the claims of six women who accused the 40-year-old of making unwanted advances, often in the context of potential business deals.

            The power dynamic that exists in venture capital is despicably unfair,” he said in his statement. “The gap of influence between male venture capitalists and female entrepreneurs is frightening and I hate that my behavior played a role in perpetrating a gender-hostile environment.”

            So what is "position of power for sexual gain" again? And exactly what role did he play? Seek and ye shall find.

            But after the story spread in Silicon Valley, Caldbeck reversed his position and issued a direct apology to the three women named in the article and “to the greater tech ecosystem, a community that I have utterly failed”.

            He also said he was “deeply ashamed” of his lack of self-awareness and would seek professional counseling:

            You don't seek professional help if you've done nothing wrong.

            Also notice how different this is from his original blanket denial: In the original piece, Caldbeck said:

            “I strongly deny the Information’s attacks on my character. The fact is, I have always enjoyed respectful relationships with female founders, business partners, and investors.”

            He denied it. Now he admits he needs to get help for it.

    • Re: (Score:2, Interesting)

      by PopeRatzo ( 965947 )

      tbh there's no reason to publicize anyone in this story, the situation's been handled. Let people move on with their lives.

      If one of these women had been your sister or your daughter, would you have considered the situation "handled" after Caldbeck stepped down?

      So what's wrong with these women sticking up for themselves? There's nothing wrong with hanging a jacket on him so that women at his next venture are duly warned. Not every matter is best handled by courts or law enforcement. If what these women a

      • If one of these women had been your sister or your daughter, would you have considered the situation "handled" after Caldbeck stepped down?

        There was no real damage, it wasn't assault, just harassment. If it happened to my sister I would be proud of her for standing up for herself, and now that Caldbeck isn't likely to do it again, move on with her life.

      • Or wife. Mine is an entrepreneur and unfortunately she gets propositioned all the time by VCs, other executives, you name it. Even wearing a ring. Guys are gross.
        • Or wife. Mine is an entrepreneur and unfortunately she gets propositioned all the time by VCs, other executives, you name it. Even wearing a ring. Guys are gross.

          And she gets a valuable piece of information for free there: these are people she doesn't want to do business with. And the best thing she can do is walk right out.

  • I had a co-worker get fired for
    He: "Would you like to have dinner?
    She: "No."
    He: "Oh. Ok. Thank you."

    Very respectfully delivered - by that I mean the "Thank you" wasn't sarcastic. I didn't think that was at all inappropriate but HR took a dim view of it. They were the same level, not management to a subordinate. (An HR person was in the same room when this happened, she didn't report it.)

    Now, in this case, things were quite inappropriate in my view, and I only wish one of them had been like an old girl frien

    • I had a co-worker get fired for
      He: "Would you like to have dinner?
      She: "No."
      He: "Oh. Ok. Thank you."

      Very respectfully delivered - by that I mean the "Thank you" wasn't sarcastic. I didn't think that was at all inappropriate but HR took a dim view of it. They were the same level, not management to a subordinate. (An HR person was in the same room when this happened, she didn't report it.)

      Betting pool is now open.

      How long will it be now until merely saying hello or making any other polite acknowledgement of a lady's existence with anything but a totally emotionless inflection of the voice and totally neutral expression on the face will be considered an unwanted advance?

      • by Mashiki ( 184564 )

        How long will it be now until merely saying hello or making any other polite acknowledgement of a lady's existence with anything but a totally emotionless inflection of the voice and totally neutral expression on the face will be considered an unwanted advance?

        Already there, and it's happened up here in Canada. I'll have to dig up the article but if I remember right, it boiled down to the guy nodding to the secretary as he entered the building. It later came out he rejected her advances, but he still lost his job. But, the kicker is if you're a man and wonder into a women heavy office and they don't know you're there? Oh boy are you in for some interesting times. That's not even touching on the amount of sexual harassment from those women. The same type of

      • by dbIII ( 701233 )

        How long will it be now until

        Never.
        What's with the whining victimhood shit? Why are so many here crying and whining about it every time a wife beater or other total piece of shit has to do community service for what would earn him five years if he did it in a bar.
        This Men's Rights crap is getting old. Your granddads would keep on telling you to stop acting like sissies every time someone asks you to treat a woman with respect.

    • I had a co-worker get fired for
      He: "Would you like to have dinner?
      She: "No."
      He: "Oh. Ok. Thank you."

      That sounds like a pretty tall story, either that or you're missing some crucial details.

  • ... from TFA:

    On the latter point you only have to look at recent goings on at a company like Uber [and this] [youtube.com] to understand where such concerns are coming from.

  • Watching the Silicon Valley startup scene is like watching a bunch of immature, wealthy high school kids: incapable of dealing with their sexuality, incapable of relating to each other professionally or personally, throwing temper tantrums, and running to mommy and daddy when things don't go the way they want to.

    I guess the saving grace is that, at this rate, they aren't going to reproduce much.

  • We could probably use some training on this. Judgement of your own actions isn't easy especially in an area that you aren't good at. A lot of guys that cross the line in dating don't intend to and don't know they are doing it until they are called out. If this is the case here I actually respect the guy for admitting what he did was wrong instead of denying it or arguing it wasn't wrong. Asking a coworker out even your boss isn't wrong as long as it is done with out putting pressure on the other person.*
  • by aglider ( 2435074 ) on Saturday June 24, 2017 @02:59AM (#54680579) Homepage
    Advances are always unwanted.
    Advances are made in order to know whether the other party is available and willing to ... go on.
    Maybe you meant "unexpected", "unsolicited" or "unpleasant".
    But not "unwanted"!
    • by AmiMoJo ( 196126 )

      If someone is at a social event like a party, and they make non-verbal contact (e.g. smiling at you), your advances are clearly not unwanted. Personally though I prefer to get to know people first and sound them out that way, I'm not big on just approaching strangers.

      Some guys seem to think that it's okay to just make advances in every woman in any situation... Like this guy who apparently doesn't see an issue with hitting on women who are asking him for money in a business setting.

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