Recently, Zhu Xiaohu, the managing partner of Jinsha River Venture Capital, has repeatedly posted on social media in response to the arbitration case of Moonlight's Dark Side and has criticized former managing partner Zhang Yutong. In response to this matter, Yang Zhilin, the founder and CEO of Moonlight's Dark Side, issued a statement via social media last night, addressing questions regarding his departure from his previous company to start anew and the issue of Zhang Yutong's shares in Moonlight's Dark Side.
Yang Zhilin clearly stated that when he left Cyclical Technology to start a new venture, all necessary procedures had received the signed consent of every board member. He emphasized that his decisions were independent from those of his former company and some shareholders, and were not influenced by any external factors.
Regarding Zhang Yutong's position and shareholding in Moonlight's Dark Side, Yang Zhilin made his first public response. He revealed that he had invited Zhang Yutong to join as a co-founder of Moonlight's Dark Side, stating that the shares Zhang Yutong received were based on years of service and performance, with the condition that he must continue working at the company and achieve results.
Yang Zhilin further pointed out that the essence of granting shares to Zhang Yutong was as compensation for his ongoing contributions to the company as a co-founder over the years. This decision was independent of his choice to leave Cyclical Technology to start anew and was unrelated to the decision of some shareholders not to invest in Moonlight's Dark Side.
This response not only clarifies the controversy regarding Zhang Yutong's shares in Moonlight's Dark Side but also expresses Yang Zhilin's commitment to the independence and transparency of founder decisions. As the arbitration case develops further, the relationship between Yang Zhilin and Zhang Yutong, as well as the equity structure of Moonlight's Dark Side, may continue to attract public attention.
