He was a co-founder and a director of UTStarcom, Inc (NASDA: UTSI), and served as UTStarcom's Executive Vice-President from 1995, until July, 1999.

From 1991 to 1995 Mr. Shey was Executive Vice-President of StarCom Network Systems, Inc. a Telecom Equipment provider; and Executive Vice President of StarCom Products, Inc., a consulting business that developed software products and provided expertise in the fields of computers and telecommunications. From 1990 to 1991, Mr. Shey was a consultant to AT&T Bell Labs. From 1986 to 1990, Chauncey was with DGM&S, a telecom software concern.

Mr. Shey was voted as “Top 10 Venture Capitalists in China ” and “Top 30 Most Active Venture Capitalists” by Zero2ipo and Digital Fortune.

He holds a B.S. in Electrical Engineering from Shanghai Jiao Tong University and an M.S. in Computer Science from the State University of New York.