I will apologize for not using my normal account. For some reason, I cannot access it. For those who don’t know me… this is me:
I was the first Governor proposed by the Team, to help start the Community DAO. I had concerns then, that they would be mere extensions of Harmony, and ineffectual, so it did not seem like the right time to run.
Last night, I sent Stephen and Li the letter that follows. Hoping that given one last opportunity, they might allow common sense to overshadow ego. After giving them extra time, it seems that they are choosing the difficult road.
Sent content follows:
"An open letter to Stephen Tse from the Community, and the Harmony Team.
Bottom Line Up Front:
Stephen Tse needs to be gone by 1700 PST on Friday, 15 July. Preferably sooner.
If this does not happen, a Snapshot Vote will be initiated so that in Harmony, we may be heard.
It brings me no joy to be writing this. I am actually quite saddened by the way things have turned out. I had hoped to have this conversation privately with you and Li on Friday.
Crypto IS Community. Without Community, crypto fails.
My only intention is to hopefully rip this band-aid off quickly, so we can come together and heal. We need to get this done so we can move forward. The team is only together for a limited time. When they leave Palo Alto and go home, they need to have a clear vision of what they are going to achieve before they come back.
I came out here hoping that I could convince you to go on sabbatical, allow someone with the skillsets necessary to migrate the successful small business that Harmony was, into the large/medium sized business it has become. You are amazing at running small businesses. You’ve proven that time and again. As soon as possible, we need to be identifying what was successful, and codify it into Business Practices that will enable a small team, to manage a much larger organization effectively.
With the hack and other recent blunders, we need to move methodically, but with some haste to begin getting some of this in place.
Unfortunately, we can see you trying to work through these same problems and learn how to do what needs to be done, but we simply don’t have time to wait. We need someone who already knows what they are doing to come in ASAP and get to work creating some structure, while also allowing for free thinking, and a culture understanding of failure… as no one has ever created something great without first failing a time or two. Learn from this. Grow from this. You’re incredibly intelligent and amazing. I have no doubt that your next venture will be wildly successful.
If we could trust that you would step back and let someone else take the reins to do what needs to be done, that would possibly be an option. Unfortunately, you told us that had already happened when the community demanded it last time… yet you deceived us and just continued to run the organization through Li, and now have also made him Persona Non Grata to the Community.
What we need from you now, and I hope that you are hearing the meaning, not just learning the words… is to leave Harmony.
The community has been up in arms for a long time now, but instead of listening to your community moderators, you undervalued, underpaid, and caused them to become disgruntled and leave.
You are surrounded by incredibly successful, brilliant people. Many of them have wanted to say these things to you also but have not for fear of being fired while trying to help.
I was urged by people on your inner team to write this.
If you have not left the company by 1700 PST on Friday, I will create a snapshot vote, and we will show you in no uncertain terms that this is real. I truly hope that you talk to your team tomorrow with an open and loving heart. This is NOT being done out of malice. This is being done with heavy hearts and hopes that we may remain friends. (I may not be speaking for everyone here… but I am certainly speaking truth about my personal hopes)
The reason we need you gone by the end of the week, is so the team can come together, find their purpose, and have goals/objectives by the time they go home.
My suggestion - Read this to your team. Ask them to write a simple Y or N on a 3 x 5 card indicating whether or not they agree that you need to be gone by the end of the week. Anonymously collect them in hat or bucket. Count them.
I wish you the best of luck on your next venture Stephen. I truly am impressed by you. I am sorry.
Edited to add: The original I sent you (Stephen) last night, after deciding to give you one last chance to save face, has been modified to add this explanation, and remove the sentence stating that no one had seen it prior to publication."