[metellus]

This statement is much more in line with Caldbeck's initial statement:

> 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.

I wouldn't be surprised if Binary released an updated statement in light of this new apology and indefinite leave.

[tptacek]

Caldbeck appears to have contradicted the firm's claim, harming their own credibility.

[vkou]

The firm claims he didn't do anything illegal.

He hasn't copped up to the assaults, and since they were not employees, the texts may not necessarily have been illegal.

Not entirely contradictory.

[tptacek]

Their statement says that any claims or reports that Caldbeck did anything "inappropriate" with women were "false". That ship sailed with Caldbeck's most recent statement.

[vkou]

Oh! Sorry - I missed that part at the beginning.

[rocqua]

> I have made many mistakes over the course of my career, some of which were brought to light this week.

> It is outrageous and unethical for any person to leverage a position of power in exchange for sexual gain, it is clear to me now that that is exactly what I've done.

Those read to me like admissions of guilt. I'd expect lawyers to strongly advise against writing such things.

[elgenie]

Is he admitting to anything that's against the law as opposed to unethical?

[qubex]

IANL but insofar as sexual harassment exists within the context of a company with employees, my understanding is that his behaviour, while deeply immoral, is not illegal — he has admitted to being wrong, not to having done something illegal.

[throwaway91111]

Yea but a terrible look for the firm.

[vm]

Compare this to Sequoia Capital's swift and decisive public response when one of their partners was accused to personal impropriety. https://twitter.com/sequoia/status/708549364428316672

[ekianjo]

BUt isnt that kind of direct action a problem unless there is any actual proof? Imagine that you are innocent and someone is out to get you with false claims, you can lose your job in no time and your reputation can be in shambles before you can do anything about it.