From: Joichi Ito
Sent: Wednesday, July 9, 2014 9:47 PM
To: Jeffrey Epstein
Subject: Re: Things
Attachments: signature.asc
OK. Why don't I dig in a bit more. I have some concerns about the =njection molding manufacturing. I'm going to
Shenzhen for 4 days to =ook at factories and meet people. I'm also concerned about the ramp up =f the team. If I kick
the tires and it looks good, I'll let you know =nd maybe we should do more. Thanks.
- Joi
On Jul 10, 2014, at 06:44 , jeffrey E. <jeevacation@gmail.com> wrote:
> I like the space , we can do more if you want
> On Wed, Jul 9, 2014 at 5:41 PM, Joichi It wrote:
> I'll be meeting with David soon to follow up.
> Begin forwarded message:
» From: David Smith
» Subject: Re: Things
» Date: July 8, 2014 at 05:39:56 +0900
» To: Joichi Ito
» Hi Joi,
» Lots happening. We should talk soon.
» - I have the license from Lockheed (finally). 31 patents and patent =ending. Pretty good deal but not cheap. $0.5M in
30 days. $1.5M in 200 =ays. Royalty rate is good - drops to 2% after 65k units.
» - A NC investor group is interested in $5M. We told them $25M pre. =hey pushed back and had us meet with Blake
Krikorian who knows you. He =oved the product and positioning so I think we can hold our line on =aluation. Blake also
asked for a convertible note like yours. Should =now about the NC group soon.
» - Intel is looking at $1.5M convertible note.
» - Met with Google and they said they were interested in an =cquisition. No idea what valuation they are going to
consider. Any =deal?
» - Working with Flextronics on manufacturing. Very interesting group. =o problem in scaling.
» - Apple is interested in selling the device in their stores with an =xclusive for the new iPad mini. October is a very big
date with them. =» - Amazon is also interested and wants us to go to Seattle to meet =heir management.
» That said, we need to raise money quickly so I need to expand my =earch. Help here would be very valuable.
» Best regards,
» David
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