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

from iFeeltech IT News Mix4 https://techcrunch.com/2017/06/27/the-latest-in-the-binary-capital-blowup-and-what-it-means-for-startup-investing/?ncid=rss

Advertisements