Interserve, Inc. et al v. Fusion Garage PTE. LTD

Filing 175

Declaration of Patrick C. Doolittle in Support of Memorandum in Opposition to Motion for Preliminary Injunction (Re-filed pursuant to order dated 9/10/2010) filed byFusion Garage PTE. LTD. (Attachments: # 1 Exhibit A, # 2 Exhibit B, # 3 Exhibit C, # 4 Exhibit D, # 5 Exhibit E, # 6 Exhibit F, # 7 Exhibit G)(Doolittle, Patrick) (Filed on 9/16/2010)

Interserve, Inc. et al v. Fusion Garage PTE. LTD

Doc. 175 Att. 2

Dockets.Justia.com

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`NikCubdavW< [e-mail]> [e-mail] Michael Arrington < edkDr@techcrr;nchcom> 811812089 8:44:49 PM Re: Quick Update On Chandra/FG situation

quick update on the rest of my day yesterday and this morning so far: * I met a guy called James Chan who works fox a local VC firm (Walden) * told me that Chandra's reputation is horrible ' I was getting advice from him, going through the Jiff scenarios * his conclusion/advice was to setup local sing co. and hire Chandra's guys. * said that gov help would be-very easy with *everything* * spoke for hours, he is an excellent local contact to have as he knows everyone as well and can help us route around *-Met with NUS which is the university, and their program for investing in startups * again conclusion here-is that grants etc. are readily available, we just have to tell them what we want * they are an incubator, so take office space there with other startups etc_ etc. * while I was.there I met with 4 startups "in quick succession. ill need to get these guys into a further update when i get beak in bcause 1 in potential TC 59, another can build a -TC iphone app with our content on it for frees (and solve all our mobile stuff, including _ custom ads etc.) ·-* met with the Bansea angel investors network - 7 guys in Singapore who are mostyl foreigners. very very easy sell on the crunchpad to the point- where he almost wet hi.mself_ apparently he emailde us asking to invest a while ago. getting back to me today on debt, but *a-id that the first trancb of debt ?from the government was 'easy' a about to run to meet another local government guy. he is like a biz dev guy,ior Singapore and is going to take me through the setting up a local co. etc* overall, im starting to see ghat this.could.look like post=-FG.and have the foundations setup for what we do· enxt

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On Wed, Aug 19, 2009 at 2:28.A14, Michael Ar=ington<[e-mail]> wrote: > if you're around lets discuss this, > On Aug 17, 2009, at 9:02 AM, Nik Cubrilovic wrote:. >> have you spoken to Chandra in the past few days? Just want to know >> what he does doesn't know so far. If you let me run with this, ill » meet with trim tomorrow and between his recently-found frankness, my .» new contacts in the sing government and.the local VC's/investors I » have met I am-sure I can get..-this all hack on track. I can get >> everything here in sing to the point where it is all prepped so we are ·> ready to pull the trigger, cone back there meet with you guys, work >> out what we are going to do and then decide if we either do nothing or >> proceed under a new form with: » * new sing company crunchpad with a parent-co. in the USA >> * debt raised from Gov / local investors . >> * FG team under that co. Re,;" and trimmed up' » * shop the hardware spec around >> * find a role for chandra >> option two is we kill the protect and fusion garage also dies (his >> talk, about raising money to do it himself i think is highly unlikely) >> option three is we just poach his guys, an it ourselves >> >> >> >> there is no way we can continue the way things have been. think option 1 with integrating everything into new co's, sing gov put money in (the r,250k initial chant they do is. Formality, and we could get twat in a matter of days with i really having the apparently a just the

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>> paperwork sorted). ->> if i was making decisions based on crunchpad being mine alone, ' i would. >> run with option 1 and would do it asap so that the timeline doesn'"t >> slip further

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