Tech investor admits sexually harassing female entrepreneurs in Silicon Valley

Justin Caldbeck took a leave of absence from his firm after six women accused him of making unwanted advances, often in context of potential business deals

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.