EFTA Document EFTA01915194

To: Epstein JeffreyHeevacationagmail.comj From: S.M. Kosslyn Sent Sat 7/19/2014 7:39:39 PM Subject Re: Good points. As I see it (and please correct me), when you boil it all down the most fundamental problem is that we have no revenue (forget profit). And re: vibe... I think Bob felt bad, flubbing as he did (I doubt that happens to him very often!)... JJJJJJJJJJJJJJJJJJJJJJJJJJ M. Koss/ n On 19 Jul 2014, at 12:06 PM, jeffrey E. wrote: this is not philanthropy or a grant . it is biz , that means risk return . and return means real dollars. milken had knowldge universe and is a master of finance, and has failed miserably, financially at least. what "vibes " , I just didn't like answers like well steve could answer that, instead of I don;t know. but On Sat, Jul 19, 2014 at 2:44 PM, S.M. Kosslyn wrote: I think Ben needed to hear what you had to say, if only to think it through. After we left, I realized that NSF and NIH grants are always given for 3 - 5 years. This is necessary so that the researcher has enough time to complete a complex project. BUT (and here's where your comments come in) the researcher has to write a progress report each year, and if s/he just sat on the money or abused it in some way, the rest may be taken back. This "innocent until proven guilty" approach is different from what you seemed to be proposing (if I understood you properly), which is essentially providing only enough for a short period and then seeing how things go before providing more. Silicon Valley operates in a similar way to NSF and NIH in this respect. SV does front load large amounts--but they don't then just walk away. For example, they gave Ben 25M, but have kept him on a short leash. If he were to screw up royally, I'm sure they would not just sit on their hands. Switching topics: Bob just asked for your email address. Some weird vibes there, I thought... EFTA_R1_00354227 EFTA01915194 Onward&upward etc.. Be well! s. JJJJJJJJJJJJJJJJJJJJJJJJJJ S.M. Kosslyn On 18 Jul 2014, at 10:52 PM, jeffrey E. wrote: was it too tough On Sat, Jul 19, 2014 at 1:32 AM, S.M. Kosslyn wrote: Was find Thanks again for your time and hospitality. Have a great Paris!! Sent from my phone, so please forgive the brevity! On Jul 18, 2014, at 6:36 PM, "jeffrey E." [email protected]> wrote: ok 9 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 EFTA_R1_00354228 EFTA01915195 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 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 jes% [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 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 je ac zn gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA_R1_00354229 EFTA01915196