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SanFrancbco,CA94l0T
Re.
20.
LLC
Disburc
With
Techcrunch
We
EpEsent iason
Calacdis
ed
fie
inlees$
of20, LLC.
\{c
hale bem
eneaCed
in
comeclionwith
thc
mafter
of
Techcruch\
tmiMdon
of
t]le
20.
LLC
ventue
dd
subseque
sale
of20.
LLC\
inlellccrualpropeny
asscls as
porr
ofAOL'S
acquhitio.
oflcchcronch.
Wcundcrsrand
lhar
Mr.
Calacdis
hd
€pcaEdlt
ticd
lo
reach
you
conc€rning
thk nater.
mosl
iccendy
on
october
lsl.
bul
you
havc
lailcd
ro
givc
hin
thc
councstr
ola
rcsponsc.
20,llc
cont
butedgreatly
io
Tcchcrunch's
success
oler
$e
l$l
lour
yeds.
developingand
inplenenling
a
$orld-class.
well-knoM
conference
proexm
that Techcrunch
could
nol
hare
conducFd
(ed
indecd, had
neler
even
thoq:bt
lo
conduo
on
ils
oq.
In
doing
so. 20,
LLC
developed
valuablc
intell*lual
plop€rry
assels.
lcchcrunch
purportcd
lo
cnd
tbc
20,
LLC
vennuc
wirh
Mr.
Calacanh
in
April
2010. and
shonly
thereafter conduoted
its
oM
conference
using
$e
nodel
developed
by
20.l-LC,
dd
conpletd
a
lrmaclion
*noreby
AOL
acquired
]tchcruncb.
including ihe inrcllcclual
poperry
lsseN
of20. LLC
As
one
ol
ils
nenbcs,
Techcrunch
had
a
liduciay
duty
lo
20,
LLC lo
lreal
il
fairly
dd
honesrly,
Ir
appedsrNhcrunch
d€sned lo
od
dre
ventw
so
n could
se
20.
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inFllectual
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6sers
lor
conpeling
confercnccs.
and
sell
those
asscls
to Aot,
rilhour
propercomp€nsadon
Lo
20,
LLC.
Techcrunch
br€ached
its
fiduci.ry
duries
10
20,
LLC
by.
mons
olherrhings,
conccaling
ils
inlentions. using
lhe 20.
LLC
model
to
conducl
ils
own
conpeline
conference,
dd
excluding
20,
LLC
from
tnc
AOl,
acquisilion.
Tcchcrunchi
condut
also
.onsinuts
conrtutile
iiaud
underCalifornid
lau
20,
LLC
is
enrtlcd
to
lair
compensalior
IorAlthouch
Mr.
Calac
n
vould
still
lilc
to
cxploE
themaner.
he
hc
audonzed
us
to
file
rhe
enclosd
cobplainl
lhe
v.lue
it
boughl
to
Techcronch
posibilily
of
micably
r€solvin-q
lhis
in
the Superior
Coun
ol
Sah
rrancisco
Td,415-421-6500
r
],wsll,vmn
.
 
il
TechcMch
reies
to
agrcc
t)
a
fair
a.d
casonable
scltlmol.
Plcsc
advise us
by
no
iald
lha
Novmber 5,2010
whether
llchcruhch
is
inleEsted
in
resolving
rhis
naner
shon
of
litigatioh. Mr.
Calacanis
h6
$rinen
lhis
leuer in
d
efod
!o avoid
litigaion
d
Feryes
dl
of
hh rigbls
and
remedies
(md
tlos
of
20.
LLC),
wherho
at
law
or
in
equity,
'l
im
Amsrmng(AOL.lnc.)
David
Eui(AOL,lnc.)
 
!=11
SI
IARTSIS
FRIESE
LLI
FR-ANK
A, CIALONE
(Bd
I
I
72816)
DRICK
C,
HOW
RD
(Bd#214107)
One
LlditnaePlca,
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Floot
Sd
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Tclepbonc:(415)
4216t00Frcsmile;
(415)
421
:922
Emdl
fciaione@rfl
aucom:cho@d@snas
co
IASON
CALAC
NIS,
an
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20,
LLC,
!Calilbnia
linrned
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ERSERVE, tNC.
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