The company was at a low point and Binary was trying to squeeze them. Now the company is flying, and Binary missed out. The entire experience made me feel compelled to caution to every entrepreneur who has approached me about working with them since, including another who did, and now regrets it for other reasons.
Do you expect this is voluntary scape-goating as a distraction for worse things? If so, what are these worse things. To me, the statement read as sincere.
Isn't that what you just did with Jonathon Teo though?
> I’ve never met Justin but can attest that his questionable behavior extends past allegations of sexual harassment.
> In early 2016, I spoke with Jonathan Teo, Justin’s partner at Binary, about funding Hitlist, my company. In the course of due diligence, I sent bios of the key engineers on my team. Justin approached my star iOS engineer and attempted to poach him to join one of Binary’s portfolio companies.
> There’s something rotten about a firm that holds out the promise of funding while secretly trying to poach your employees. (aside: I’m not sure if Jonathan had anything to do with this and have had nothing but pleasant, professional interactions with him).
[1] (behind paywall) https://www.theinformation.com/silicon-valley-women-tell-of-...
The valley is really small, and I've heard horrific stories of what this firm has done to their employees and founders. This includes Jonathon Teo as well.
This really is just the tip of the iceberg for Binary Capital. I wouldn't take any investments from them ever.