EFTA02644825

From: David Fiszel Sent: Wednesday, July 5, 2017 8:34 PM To: Jeffrey E. Subject: Re: Have an idea for you K will send docs to Rich and if we get more you will be first in line.=I think it's a good one. On Jul 5, 2017, at 4:33 PM, Jeffrey E. <[email protected] <mailto:jeevacation@gm=il.com» wrote: ok On Wed, Jul 5, 2017 at 10:32 PM, David Fisze <mailtc > wrote: Your boy Tommy just took part of your Spotify allocation. Would you be=ok with $1m? On Jul 5, 2017, at 4:24 PM, Jeffrey E. <[email protected] <mailto:jeevacation@gm=il.com» wrote: yes On Wed, Jul 5, 2017 at 8:45 PM, David Fiszel <mailto wrote: I am going in for Spotify privately personally and for the fund. I th=nk it's Netflix 5 years ago and we have done a ton of work on it. Currentl= $13B valuation and we think it will be a $25B company when it goes public=with global potential to be a $50b in 2020. Press reports suggest IPO at year end. They did $3B of revs last yea= growing 50% and will be FCF breakeven this qtr. We have a co-investment o=pty that funds next week. I'm taking $5m of it and have $1.5m for you if y=u would like to join me. This e-mail and any file(s) transmitted with it may contain confidential an=/or privileged information. Nothing contained in this e-mail and/or any fi=e(s) transmitted with it constitutes a solicitation or an offer to buy or =ell any securities. Use or disclosure of this e-mail or any such files by anyone other than a designated address=e is unauthorized. If you are not an intended recipient (or have received =his email in error), please notify the sender immediately and delete this =-mail without making a copy. If this e-mail is misdirected, Honeycomb Asset Management, 1.P. and its affil=ates do not waive confidentiality or any privilege. EFTA_R1_01880775 EFTA02644825 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] crailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved This e-mail and any filets) transmitted with it=may contain confidential and/or privileged information. Nothing contained =n this e-mail and/or any file(s) transmitted with it constitutes a solicitation or an offer to buy or sell any securities. Use =r disclosure of this e-mail or any such files by anyone other than a desig=ated addressee is unauthorized. If you are not an intended recipient (or h=ve received this email in error), please notify the sender immediately and delete this e-mail without making=a copy. If this e-mail is misdirected, Honeycomb Asset Management, L.P. an= its affiliates do not waive confidentiality or any privilege. 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] <[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 2 EFTA_R1_01880776 EFTA02644826 This e-mail and any file(s) transmitted with it=may contain confidential and/or privileged information. Nothing contained =n this e-mail and/or any file(s) transmitted with it constitutes a solicitation or an offer to buy or sell any securities. Use =r disclosure of this e-mail or any such files by anyone other than a desig=ated addressee is unauthorized. If you are not an intended recipient (or h=ve received this email in error), please notify the sender immediately and delete this e-mail without making=a copy. If this e-mail is misdirected, Honeycomb Asset Management, LP. an= its affiliates do not waive confidentiality or any privilege. EFTA_R1_01880777 EFTA02644827