Results 1 to 7 of 7
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06-29-2017, 01:01 PM #1
- Join Date
- May 2017
- Posts
- 170
Blue Vine-Lightspeed
Any other other smb/Mca backed by Lightspeed or Binary Capital? I know that Bluevine is backed by Lightspeed. Thanks
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06-29-2017, 01:12 PM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,483
Jess,
Lightspeed is an investor for sure and has done several rounds. I didn't think Binary was..... I think Binary is having some human resource (putting it lightly) issues right now.Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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06-29-2017, 01:27 PM #3
- Join Date
- May 2017
- Posts
- 170
Lightspeed's actions make Binary look good and Binary is closing down. I think Lightspeed might be go the same route, given it's actions. Had to give up 2% of its holdings in Stitch Fix due to Caldbecks actions. 2% of a pending $7 billion IPO is a lot of coin.....If I was an LP I would be livid. But it was Bain Ventures.....(Matt Harris claims to have ZERO IDEA about Caldbeck despite the fact he worked there for 6 years) that created this d-bag. Some of Binary's portfolio companies are trying to buyback the Binary investment. Wondering if Lightspeed's portfolio will follow.
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06-29-2017, 02:19 PM #4
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,483
That's right...Justin did work at Bain before Lightspeed. I met him when he was at Bain years ago. His brother was at a consumer focused PE shop at the time. I have spoken with Harris, but never met him. The LPs must be barking pretty hard on this one.
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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06-29-2017, 02:39 PM #5
- Join Date
- May 2017
- Posts
- 170
Binary's LPs pulled.
Lightspeed's LPs, (regardless of whether or not they care about sexual harassment per se)-- directly suffered a material financial loss (2% of stitch $7 billion IPO) due to the actions of Caldbeck.
Bain Ventures and Matt Harris untouchable-hopefully not mentoring the next generation of Caldbecks.
This stuff makes me sick personally-professionally I'm just waiting to see if it impacts Bluevine.
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06-29-2017, 02:47 PM #6
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,483
Just because you went to Harvard and wore wing-tips doesn't mean your not a dirt bag.
Matt from BlueVine is a frequent visitor to this board and is usually pretty transparent about what they are doing. The investor base might be above his pay-grade, but I think if he knew he would be open if asked.Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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07-01-2017, 11:42 AM #7
- Join Date
- May 2017
- Posts
- 170
Matt from Bluevine. What's up with this? Fallout from Lightspeed.
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