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3.0 Since When Did Kp Start Acting as a Tool for Chinese Gov Acquisition of US Tech?
Fund: Kleiner, Perkins, Caufield & Byers
Posted by Anonymous on 2011-09-14
Very surprised that no one on this forum has commented on the apparently very deep connection with mainland China and this old school, prestigious US venture capital group. No doubt the feds eventually will if they havent already. Its screaming for attention.
Expect a bunch of these deals to blow up like all of the Ch public companies listed in the US and exposed for IP theft/infringement, accounting fraud, etc....., except that instead of public equity investors paying the price, it will be the "professional" limited partners who actually gave them money to invest. They should at least charge the Ch gov a fee as they will greatly benefit be receiving drastically reduced costs to acquire US technology. The people in those mainland offices wouldnt be permitted to survive unless they were serving the interests of Ch. KP could at least list how many communist party officials are on the China office(s) roster and/or payroll. Those "China opportunties" cost money and there is rarely a quid pro quo.
Companies pitching them...take note of the above. KP's historic reputation has little to do with what may happen and what is actually going on now. Its quite disturbing that such a historically important and prestigious US venture capital group has resorted to this.
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