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efta-02465656DOJ Data Set 11Other

EFTA02465656

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Unknown
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DOJ Data Set 11
Reference
efta-02465656
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2
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EFTA Disclosure
Text extracted via OCR from the original document. May contain errors from the scanning process.
From: Brock Pierce Sent: Thursday, April 7, 2016 7:58 AM To: Jeffrey Epstein Subject: Potential Deal Jeffrey, My partners and I have just secured an op=ortunity to acquire a fast growing company in my old industry. Here is a s=mmary. Please let me know if you'd like to discuss. The company is a fast growing escrow and trading pla=form for online virtual items. The service launched in 2015= Trading volume has grown from $3K a month in January 2015, to =21M in March 2016. CO. 2016 EBITDA was approximately $2M. =rowth is being fueled by the rising popularity of eSports and the inc=easing use of virtual items as a store of value for e-commerce transa=tions. The company has op=ned 1.4M customer accounts during its first 15 months of operati=ns. New accounts are opening at a rate of 50K to 75K per =onth. The company currently holds 450K virtual items=on behalf of its customers as well as $7M in customer deposits. =C2 Trading volume is projected at $250M to $300M in 2016. We signed an asset purchase agreement to=acquire the company for $20M ($15M at close and $2.5M in additional p=yments at the end of years 1 and 2). We are targeting a raise of $25= in a combination of debt and equity to close the acquisition and to =cquire 2 more identified companies in the related space. While the c=mpany's financial performance has been exceptional to date, our team h=s identified multiple high value operational improvements that will drive =ven higher trading volume and EBITDA. We will be implementing = blockchain registry for safekeeping and tokenizing all virtual items held=on deposit, making it easier, faster and safer for customers to transfer o=nership of their virtual items. We believe this first of its kind se=vice will lead to lower operational costs and generate even high=r trading volume. Brock Pierce Managing Partner Blockchain Capital 11.C=/b> 0: EFTA_R1_01573749 EFTA02465656 c: S: e: www.blockchain.capital <http://www.blockchain.capital/> Follow me on Twitter: <http:// Co-invest with Bloc=chain Capital @ https://angel.co/blockchain-capital/syndicate <=pan style="font-size:12.8px;white-space:nowrap">Linkedin: http:/ <http:/ IMPORTANT NOTICE: This message is intended only for the use of the individual or entity to which it is addressed, and may contain information<=r> that is privileged, confidential and exempt from disclosure under applicabl= law. If the reader of this message is not the intended recipient, or the =/div> <https://mailfoogae.=ppspot.com/t?sender=aYnivY2tqcGlicmNIQGdtYWIsLmNybC1%3D%3D&type=zer=content&guid=c6 84ec4d-712d-4365-9e4e-2f9c738b42a5> 2 EFTA_R1_01573750 EFTA02465657

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Phone2465656
Phone2465657
URLhttp://www.blockchain.capital
URLhttps://angel.co/blockchain-capital/syndicate
URLhttps://mailfoogae.=ppspot.com/t?sender=aYnivY2tqcGlicmNIQGdtYWIsLmNybC1%3D%3D&type=zer=content&guid=c6

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