1. Mr. Patrick McGovern,IDG VC as a VC firm violates our trust in your firm. Even though your firm does not need to sign NDA with us when we present our Business Plan to your firm, as industry rules your firm should keep our information confidential.
缺点
2. Mr. Dongliang Li, as a longtime partner at IDG VC firm, took our Business Plan and helped his brother, Mr. Sen Lin, to set up business to compete with our China venture (Ivy eShipment (Beijing) Ltd.) directly. As a partner of IDG VC firm, his action categorically violates ethical standards in VC industry.
意见&建议
3. After the initial failure of Mr. Sen Lin’s business, your partner Mr. Dongliang Lin further helped his company and his brother implement contract fraud to steal business secret from our China venture (Ivy eShipment (Beijing) Ltd.).
Paying close attention on Ivy eShipment (Beijing) Ltd., the goal of IDG VC is not for investment decision on Ivy eShipment (Beijing) Ltd. but for knowledge and business secret from Ivy eShipment (Beijing) Ltd. to build your own business. IDG VC’s behavior has caused huge losses to our China venture (Ivy eShipment (Beijing) Ltd.) and investment of US angel investors. We are asking for a formal response and compensation from IDG VC.
4. The Verdict from Beijing Arbitration Committee said that IDG VC violated the contract and should pay RMB1.54 million to IVY eShipment. When Mr. Patrick McGovern and IDG VC plan to pay the company? You thieves!
讲点诚信
优点
1. Mr. Patrick McGovern,IDG VC as a VC firm violates our trust in your firm. Even though your firm does not need to sign NDA with us when we present our Business Plan to your firm, as industry rules your firm should keep our information confidential.
缺点
2. Mr. Dongliang Li, as a longtime partner at IDG VC firm, took our Business Plan and helped his brother, Mr. Sen Lin, to set up business to compete with our China venture (Ivy eShipment (Beijing) Ltd.) directly. As a partner of IDG VC firm, his action categorically violates ethical standards in VC industry.
意见&建议
3. After the initial failure of Mr. Sen Lin’s business, your partner Mr. Dongliang Lin further helped his company and his brother implement contract fraud to steal business secret from our China venture (Ivy eShipment (Beijing) Ltd.). Paying close attention on Ivy eShipment (Beijing) Ltd., the goal of IDG VC is not for investment decision on Ivy eShipment (Beijing) Ltd. but for knowledge and business secret from Ivy eShipment (Beijing) Ltd. to build your own business. IDG VC’s behavior has caused huge losses to our China venture (Ivy eShipment (Beijing) Ltd.) and investment of US angel investors. We are asking for a formal response and compensation from IDG VC. 4. The Verdict from Beijing Arbitration Committee said that IDG VC violated the contract and should pay RMB1.54 million to IVY eShipment. When Mr. Patrick McGovern and IDG VC plan to pay the company? You thieves!
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