Re: additional info
Thanks Boris. Jeff - let me know if I can call you tonight or what other time would be good to speak. Best,
Jeffery as I mentioned you has some challenges re her. Agreement. You are uniquely position to advise her. It is the best if you could connect directly.
[REDACTED], Jeffery's cell is [REDACTED]
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He is now in NYC. Please call him when you can. Thank you Jeffrey! Boris Sent from my Windows Phone
now?
Hi, here's a summary:
- Initial agreement signed between [REDACTED] ( [REDACTED] ) & [REDACTED] Contract ended in [REDACTED] and was not renewed yet [REDACTED]. You have a copy but basically it says that they pay us [REDACTED]- in addition to the [REDACTED] Current portfolio's are [REDACTED] companies, [REDACTED]. As an example, [REDACTED] in sales in a [REDACTED] year period. We at [REDACTED] converted our [REDACTED] contract w/ [REDACTED] investment vehicle in each deal. We've always been more than aligned in the deals we sourced as we [REDACTED] helping them grow.
The context for this agreement was that they wanted to do deals in
- In they as we had too much of a deal flow to handle alone.
started taking the deals and running - going to meetings on their own and not acting as team members, literally by-passing on deals we sourced. At that time,
- The fee for the deal in question is , . I did not like the deal, but worked on it and it closed . .
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On top, they said this was due to new requirements. Then, after we sent the info, , , . They never, ever, sent any email or complained about our work or quality during the process. On the contrary, we have a ton of praising emails over time and thank you emails to the team on this deal. But the guys, in , cut us off from the took our names out of the investment memo sent to the and started selectively cutting us off everything we were working on. In
After S I met w/ again in and had a very honest conversation about the entire situation. He asked me to send evidence which I did in (the ppt you have).M Other people internally aware of this are their ands. a close friend to ■ who is on our side and knows how bad the behaved.
My plan is to (i) drop out of the
at the
portfolio companies they/I invested in; (ii) Get
paid the fee for
that was signed in and has a closing next week (they said they would pay), and (iii) right after get a lawyer to press them to pay for . While they offered to pa I did not accept as I said we did do work and they need to fulfill the agreement.
- I know that the - has been very much on top of their business, costs, selling, pulling back etc and making their life difficult. So part of what they say is that "things changed", that they need to figure out what will be of S that these are new times and paying anything needs to be much justified etc. [ ]
I just
I just want to pay what they owe me as that is the right thing, and if getting the lawyer is the most effective way (even if just to put pressure) I will do that. If going through another path is worthwhile, ready to learn what that would be. Its important to say that, that are worth at I don't want to put that at risk, even though we have contracts there.
= So they really look at me thinking I will bend and do nothing. I can be very patient.
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thoughts? Thanks,
