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 co-founder’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. […]