Lerer Hippeau Ventures is taking over management of Binary Capital’s debut fund

Lerer Hippeau Ventures, the New York-based early-stage venture firm, is taking over the $125 million debut fund created by Binary Capital, a young San Francisco-based venture firm whose cofounder’s misdeeds became the talk of Silicon Valley last summer. Axios reported the development earlier this morning. Lerer Hippeau tells us it’s not commenting on the news. […]