EFTA02585725

From: Joichi Ito Sent: Wednesday, July 9, 2014 9:51 PM To: Jeffrey Epstein Subject: Re: Things OK On Jul 10, 2014, at 06:49 , jeffrey E. <[email protected]> wrote: > use of funds, most importnat > On Wed, Jul 9, 2014 at 5:48 PM, Joichi Ito wrote: > I'll try to get his financial model. > On Jul 10, 2014, at 06:47 , jeffrey E. <[email protected]> wrote: > doesn't say what roylaty rate applys before 65k units > > > > > On Wed, Jul 9, 2014 at 5:46 PM, Joichi Ito < rote: > OK. Why don't I dig in a bit more. I have some concerns about the =njection molding manufacturing. I'm going to Shenzhen for 4 days to =ook at factories and meet people. I'm also concerned about the ramp up =f the team. If I kick the tires and it looks good, I'll let you know =nd maybe we should do more. Thanks. > > » - Joi > > > On Jul 10, 2014, at 06:44 , jeffrey E. <[email protected]> =rote: > > > > I like the space , we can do more if you want >> > >> > > > > On Wed, Jul 9, 2014 at 5:41 PM, Joichi Ito > » I'll be meeting with David soon to follow up. >> > > > Begin forwarded message: >> > > > » From: David Smith <d- > > » Subject: Re: Things > > » Date: July 8, 2014 at 05:39:56 +0900 > > » To: Joichi Ito > > » > > » Hi Joi, > > » > > » Lots happening. We should talk soon. > > » • I have the license from Lockheed (finally). 31 patents and =atent pending. Pretty good deal but not cheap. $0.5M in 30 days. $1.5M =n 200 days. Royalty rate is good - drops to 2% after 65k units. wrote: 1 EFTA_R1_01765414 EFTA02585725 > > » - A NC investor group is interested in $5M. We told them $25M =re. They pushed back and had us meet with Blake Krikorian who knows =ou. He loved the product and positioning so I think we can hold our =ine on valuation. Blake also asked for a convertible note like yours. =hould know about the NC group soon. >> > » Intel is looking at $1.5M convertible note. > > » - Met with Google and they said they were interested in an =cquisition. No idea what valuation they are going to consider. Any =deas? > > » - Working with Flextronics on manufacturing. Very interesting =roup. No problem in scaling. > > » - Apple is interested in selling the device in their stores with =n exclusive for the new iPad mini. October is a very big date with =hem. > > » - Amazon is also interested and wants us to go to Seattle to meet =heir management. > > » > > » That said, we need to raise money quickly so I need to expand my =earch. Help here would be very valuable. > > » > > » Best regards, > > » > > » David > > » >> > >> > >> > > > > >> > > > > > > > please note > » The information contained in this communication is confidential, > » may be attorney-client privileged, may constitute inside > » information, and is intended only for the use of the addressee. It > » is the property of JEE Unauthorized use, disclosure or copying of > » this communication or any part thereof is strictly prohibited and > > may be unlawful. If you have received this communication in error, > > please notify us immediately by return e-mail or by e-mail to > > [email protected], and destroy this communication and all > > copies thereof, including all attachments. copyright -all rights > > reserved > > > > -- » Please use [email protected] for venture related email > > > > > > > > > > -- > > please note > The information contained in this communication is confidential, may > be attorney-client privileged, may constitute inside information, > and is intended only for the use of the addressee. It is the > property of JEE Unauthorized use, disclosure or copying of this > communication or any part thereof is strictly prohibited and may be > unlawful. 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