To: Joichi Ito
From: jeffrey E.
Sent Wed 7/9/2014 10:53:53 PM
Subject: Re: Things
where is he located.
On Wed, Jul 9, 2014 at 5:49 PM, Joichi Ito c wrote:
Just distributing risk. ;-)
On Jul 10, 2014, at 06:49 , jeffrey E. <jeevacation®gmail.com> wrote:
> If you think it really works , what advantage to let anyone else have any? before acquisition?
> On Wed, Jul 9, 2014 at 5:48 PM, Joichi Ito c wrote:
> Would you rather have Bill or Bezos than Intel or other randoms? Shall I introduce you to
David? You should meet him anyway and try out the prototype.
> - Joi
> On Jul 10, 2014, at 06:46 , jeffrey E. <jeevacation@gmail.com> wrote:
> > you know bozos. or i can show it to bill if you want but hes not back until aug unless super
urgent
>>
> > On Wed, Jul 9, 2014 at 5:41 PM, Joichi Ito c wrote:
> > I'll be meeting with David soon to follow up.
> > Begin forwarded message:
> >
> >> From: David Smith <O>
>>> 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 pending. Pretty good
deal but not cheap. $0.5M in 30 days. $1.5M in 200 days. Royalty rate is good - drops to 2%
after 65k units.
>>> - A NC investor group is interested in $5M. We told them $25M pre. They pushed back
and had us meet with Blake Krikorian who knows you. He loved the product and positioning
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so I think we can hold our line on valuation. Blake also asked for a convertible note like yours.
Should know about the NC group soon.
> >> - Intel is looking at S1.5M convertible note.
> >> - Met with Google and they said they were interested in an acquisition. No idea what
valuation they are going to consider. Any ideas?
>>> - Working with Flextronics on manufacturing. Very interesting group. No problem in
scaling.
>>> - Apple is interested in selling the device in their stores with an exclusive 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 their management.
>>>
>>> That said, we need to raise money quickly so I need to expand my search. Help here
would be very valuable.
>>>
>>> Best regards,
>>>
>>> David
>> >
>>
>>
>>
>>
>>
>> —
>> please note
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> 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 jecvacation@gmail.com, and
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Please use for venture related email
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 c-mail or by c-mail to jeevacati n mail.com, and
destroy this communication and all copies thereof,
including all attachments. copyright -all rights reserved
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