EFTA Document EFTA01790867

From: Joichi Ito Sent: Wednesday, July 9, 2014 9:49 PM To: Jeffrey Epstein Subject: Re: Things Attachments: signature.asc I'll try to get his financial model. On Jul 10, 2014, at 06:47 , jeffrey E. <jeevacation@gmail.com> wrote: > doesn't say what roylaty rate applys before 65k units > On Wed, Jul 9, 2014 at 5:46 PM, Joichi Ito <joi@rakoku.com> wrote: > 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 4 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 Ito 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 =roup. No problem in scaling. EFTA_R1_00120298 EFTA01790867 > » Apple is interested in selling the device in their stores with an =xclusive for the new i Pad 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 >>> > > > > > > > > > > > > -- > > 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 e-mail or by e-mail to > jeevacation@gmail.com, and destroy this communication and all copies > thereof, including all attachments. copyright -all rights reserved > Please usi 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 e-mail or by e-mail to jeevacation@gmail.com, > and destroy this communication and all copies thereof, including all > attachments. copyright -all rights reserved Please u for venture related email 2 EFTA_R1_00120299 EFTA01790868