EFTA Document EFTA01802520

From: Steven Sinofsky < > Sent: Tuesday, March 5, To: Jeffrey Epstein Subject: Re: startup idea Saturday I am following everything you are saying literally. But i can't drop everything the rest of this week that is already planned. Sorry. On Mar 5, 2013, at 3:12 AM, "Jeffrey Epstein" <[email protected] <mailto:[email protected]» wrote: when are you going to korea, ? if i were you i d be sitting in ny until this contract is ccomplete, unless you have much more pressing matters. On Tue, Mar 5, 2013 at 3:50 AM, Steven Sinofsky < <mailto:Ma > wrote: a guy pitched this to me...he has 20 years in banking. worked for a group at BofA that acted as a clearing house for clients investing in hedge funds. he ran the group and did some software used internally. during the recession his group got sold to BNP. He said they had 1008 in assets or something. His idea is three parts: • build a database of hedge funds and clients for hedge funds (pension funds, HNI, endowments, etc.) The hedge fund database comes from the recent Reg D filings that are new. • create a proprietary rating service for hedge funds based on a lot of criteria. sort of what managers for pension funds do but across all funds and standardized. • develop a matching service, like a dating service, between hedge funds and potential investors. He thinks he can sell the data side for 100's thousands per year per client. He thinks there is a market that would pay a 1.5bp commission for matching fund to investors based on the criteria. He has a half dozen people working now. Raised a couple of million friends and family money based on a $15M pre-money valuation. It is a lot of money and a lot of pre-money. But he already pre-sold the service to a few clients. He is working a lot with the congressmen who did reg D and with the SEC that wants more transparency to hedge funds. Does this seem possible? Wouldn't Morningstar rate funds? Would people really pay a commission like this? Wanna talk more? EFTA_R1_00144734 EFTA01802520 Sent from Surface RT 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 Jeffrey Epstein Unauthorized use, disdosure 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] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 2 EFTA_R1_00144735 EFTA01802521