Weekend trip back, know from the Internet, UT Tatsu Kang Ying to leave the company, and today also see Ying a personal statement, quite a bit of emotion. I can understand what it would be like to be the founder of a company who has left (and involuntarily) created it.
I have been contacted and acquainted with the main parties that
is currently taking place. I came back from abroad in early 2000, joined SoftBank China Venture capital fund, the fund was launched by SoftBank and UT, and son, Lu Hongliang (UC Berkeley) and Thomas Toy on board, while SoftBank China's president was Xue Cun Wo, the chief executive of the bank He and Ying co-founded the Starcom Company, which held 50% per cent of their shares. Starcom later merged with Lu Hongliang's Unitech company and had soft silver investment, and in March 2000, the city of Naboo. I have and ying several contacts, one of them, is I go to Hongqiao airport to see Wu, he just arrived in Shanghai, hastily in the next to the Hong Kong hotel for a few hours (in fact, a bath), and we met, and hurried on the road. At that time, he was worth billions, but quite "plain", impressed me (except for his signature beard).
from side analysis, must be WU total Board of directors had a serious disagreement, finally by the board announced his departure. I just checked, the company has six directors, including two Chinese, four are said to be "independent director." The so-called "serious disagreement" is about the future development strategy and direction of Utsi, and is the main focus of China (PHS + IPTV), or diversified development, emerging markets (not a country) for the optimization. This time, the capital and "board" prevailed, only to media reports that Wu is always on the board of "isolated".
in fact, UT is a Chinese company on the Nasdaq listed (such as Sina, the public), or an American company and its main business and the market in China, has always been "IDENTITY" controversy, now I am afraid with the total departure of Wu, its Chinese team color more faint.
of course, capital to the last, always the final decision, from the zhidong of Sina to today's Ying, the founder of the Halo and capital comparison, still have to "defeat". This is also a test of a company's corporate governance is an important sign.
to Wu, this may not be entirely a bad thing. From the company he founded, indeed there is a difficult to give up the feeling, and like his entrepreneurial partners, Xue Total in 00 before the IPO, "Torrent Yong Retreat" and moved to VC, now has become VC industry leader. I think, wait for Wu always to do things still have a lot, a lot, at this time leave, also be "Torrent Yong Retreat" bar. Step back, is not a brighter, there is the sky, there must be (again) wings of the Eagle!
to this end, the company is not our "child", when the creation will have to leave the day, but the same is the strength of capital and the principle of maximizing shareholder benefits.
now, many entrepreneurs desperately to go from VC financing, there are many enterprises want to go overseas or domestic listing. The founders of these companies, please remember this one.
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