TSVC Corrects Foothill Ventures Advertising: No One At Foothill Was Involved In TAF1’s 2011 Zoom Investment
TSVC (formerly TEEC Angel Fund) has filed a motion for preliminary injunction in federal court seeking to stop what TSVC alleges are false and/or misleading statements in recently-discovered Foothill Ventures advertising concerning the historical investment record of TEEC Angel Fund (“TAF”).
TSVC Corrects Public Record: Amino Capital Founder Larry Li Was Not Involved In TSVC's 2011 Zoom Seed Investment
TSVC (formerly TEEC Angel Fund) today issued a public clarification regarding inaccurate public statements made by Larry Li, Founder and Managing Partner of Amino Capital, concerning TSVC's landmark 2011 seed investment in Zoom Video Communications (then SaasBee).
Federal Court Repeatedly Validates TSVC’s Claims Against Foothill Ventures, Rejects Attempts to Use Prior Arbitration to Avoid Liability for False Advertising
TSVC (formerly TEEC Angel Fund), a leading Silicon Valley venture capital firm, has secured a series of pivotal federal court victories in its ongoing false advertising lawsuit against Foothill Ventures. This lawsuit, an escalation of a dispute originating in April 2021 when current Foothill partners instigated a conflict over fund management by filing a lawsuit in Delaware Chancery Court (ultimately resulting in a private arbitration between individual partners), centers on allegations that Foothill—founded by former TSVC affiliates—has repeatedly misrepresented itself across the U.S. and China as a successor to the original TEEC Angel Fund. In doing so, Foothill has unlawfully claimed credit for TSVC's historic investment track record, including its highly publicized, exclusive seed-stage investment in Zoom and its premier seed-to-unicorn conversions.
TSVC Files Lawsuit Against Foothill Ventures for False Advertising and Brand Misrepresentation in the U.S. and China
TSVC (formerly known as TEEC Angel Fund), a leading Silicon Valley venture capital firm specializing in high-tech startup investments since 2010, has filed a lawsuit against Foothill Ventures for false advertising and unauthorized use of the “TEEC Angel Fund” trademark and brand, including its performance track record.
