Source | theguardian.com| BY:Sam Levin in San Francisco
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.”