From: Paul Barrett
To: Jeffrey E. <jecvacation@gmail.com>
CC: Richard Kahn
Subject: LYFT
Date: Fri, 14 Sep 2018 20:38:46 +0000
Inline-Images: image003.jpg
Jeffrey
Let me know if you care for LYFT pre-IPO shares.
I have not seen the sponsor's model yet but high level:
• $15.4BIn valuation
• 2018 revs expected to be $2.2Bln and $3.3BIn in 2019
• Equates to 7x 2018 sales and 4.6x 2019 sales
• Expected Q1/Q2 '19 IPO
• Buy into an SPV on the cap table
• Fees: 10% placement and 10% performance fee. I would negotiate that!
• Standard 6 month post IPO lock up
Let me know if this is of interest and I can go down to their offices and review their models/comps.
Paul
Paul Barrett
Alpha Group Capital LLC
142 W 57th Street, 11th Floor, New York, NY 10019
EFTA01023087