From: "jeffrey E." <jeevacation@gmail.com>
To: "Lawrence H. Summers"
Subject: Fwd: Meeting
Date: Thu, 13 Jul 2017 14:37:07 +0000
Attachments: NautilusX_-_LLC_Operating_Agreement.doc; NautilusThink_2015.PDF
Proof
Forwarded message
From: John Steele czi
Date: Thu, Jul 13, 2017 at 10:30 AM
Subject: Meeting
To: jeffrey E. leevacation@gmail.com>
Cc: Lhs cti
Jeffrey,
I just wanted say what a pleasure it was to meet you yesterday and thank for making your time available to hear
more about Nautilus. You mentioned how comfortable you are in the world of numbers...so I wanted to provide
a few more.
Nautilus Revenue 2016 (minus grants) - $873,951...up 30% year over year since 2013
Revenue Year to Date 2017 - $773,600 Subscription revenue up 91% ($270,000 vs $143,282) over same period
in 2016 and Q4 historically accounts for 40% of Nautilus' subscription revenue.
Nautilus online traffic
Jan 1, 2016 to July 13, 2016 - 6,321,786 page views
Year to date 2017 - 9,118,936 page views up 44%
From 2013 to 2016 annual growth was over 30% year over year.
And all of this growth was organic with no real marketing.
I've attached our 2015 990. It was the transitional year for Nautilus as we transferred all the Nautilus
assets from Nautilus Ventures LLC to NautilusThink Inc, the 501(c)(3) and the foundation hired
Ventures to produce the magazine during the transition....so the costs are listed as a "program
expense" and not delineated. The transfer was completed in 2015 and Nautilus Ventures LLC was
dissolved.
I've also attached a draft operating agreement prepared with Robert Lyons at Marks Paneth for a for-
profit newco that would be partly owned by the 501(c)(3), as we discussed the mechanics of such an
hybrid entity.
Thanks again and look forward to hearing back from you next week.
John
John Steele
Publisher & Editorial Director
Nautilus
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25 Broadway, 9th Floor
New York NY 10004
www.nautil.us
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