Amazing how Keith keeps changing his story.
When his unhinged conspiratorial rants began a year ago Airwallex was 40% Chinese-owned according to him (a lie). When the facts caught up with him he moved the goalposts. And notice that the personal attacks have stopped too? He no longer calls me a “CCP tool” or attacks my integrity now that people are paying attention.
Keith also uses “Chinese investors” to make ordinary venture capital sound sinister. He means Sequoia. Nearly eight years ago, Steve Ji, a respected Midas List investor then based in Melbourne, approached an Australian founder and offered to lead a round in our startup. It was one of the best days of my life. Does Keith believe every founder backed by Sequoia in that era should now be punished?
The world has changed, and we have responsibly evolved our cap table with it. Most of our investors (Greenoaks, Addition, Lone Pine, Salesforce Ventures, Visa, Mastercard, Amex, T.Rowe Price) are from the US, Australia and Europe. No global Airwallex executive is based in China.
And his supposed “legal standard” is fiction. He literally doesn’t know what he is talking about.
By Keith’s logic, dozens of Fortune 500 companies would be suspect simply because they employ senior regional executives in China. Airwallex does not even have a global executive based there.
With regard to ownership, HSBC and other banks literally do business in the US.
I respect Keith, I think he’s smart, you’d think he’d get off of X and just talk to me about this but he won’t because the smear must go on.