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" <jeevacation@gmail.com <mailto:jeevacation@gmail.com» 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
jeevacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all copies thereof,
including all attachments. copyright -all rights reserved
2
EFTA_R1_00144735
EFTA01802521