[3][4][5][6] In June 2017, Caldbeck took an indefinite leave of absence following allegations of unwanted sexual advances by several female startup founders.
The fact is, I have always enjoyed respectful relationships with female founders, business partners, and investors.” Binary issued a statement that said the notion Mr. Caldbeck had “engaged in improper behavior with female entrepreneurs” was “false.” Binary said that while the information had “found a few examples which show that Justin has in the past occasionally dated or flirted with women he met in a professional capacity, let’s be clear: there is no evidence that Justin did anything illegal and there is no evidence that any of his investing decisions were affected by his social interests.”[8] Reid Hoffman of Greylock Partners and the Founder of LinkedIn, issued the following piece in response: "The Human Rights of Women Entrepreneurs".
Days later, Caldbeck issued a statement no longer denying the allegations and publicly apologizing, starting off by saying "The past 24 hours have been the darkest of my life."
[10] Jonathan Teo, the last remaining Managing Partner of the fund, issued a statement on Facebook, acknowledging that he heard rumors of Caldbeck's harassment of women from the past and had not acted on it.
In the second year of our partnership, I had learned of some bad behavior from my partner, but it was evidenced to me that it happened prior to his time at Binary.