EFTA02509579.pdf

From: Joichi Ito <-> on behalf of Joichi Ito < Sent: Saturday, February 21, 2015 7:19 PM To: Jeffrey Epstein Subject: Re: fund docs It's to cut friends into deals and get deal flow. I can explain. =an I call you in like 15-20 min? What 1$? - Joi > On Feb 21, 2015, at 2:15 PM, jeffrey E. <jeevacation@gmail.com> wrote: > uunless if this is supposed to build a bullpen of investors. i can > =und more and with a better carry for you > On Sat, Feb 21, 2015 at 1:48 PM, Joichi Ito <-> wrote: > Here it is. > • I'm going to make one change. I'll do the carry on the =istributions so that they are based on cumulative returns so it's=netted properly except that I won't do a clawback at the end of =he fund. Will send legalese addendum later. > Also, I'm still waiting for approval for that electronic nose =ompany from the Provost for conflict of interest but I'd like =o do that one $100K from the fund and the rest from a special vehicle =ith you if that's still OK. > - Joi > Neoteny 3, LP, Neoteny 3 Management, LLC, c/o Prague & Company, > =.C., Fifteen Walnut Street, Suite 150, Wellesley, MA 02481— =hone: > +1-781-237-5555 ext. 202 — Fax: > E-Mail: Web: www.neoteny.com Neoteny 3 fund > invitation and documents > Date: February 17, 2015 > Dear «First Name»: > Thank you for your interest in my new fund, Neoteny 3, LP (the =Fund"). Please find enclosed the term sheet, LP agreement and =ubscription agreement. Please read each of these documents carefully =nd let me know if you have any questions. If you are interested in =articipating, please sign and return the subscription agreement, =ncluding each questionnaire at the end of it. > Here are a few key points about the Fund: • • The distributions and carry calculations will be done =n a deal by deal basis. This means that there is a chance that limited =artners could realize a lower aggregate return than if the Fund was to =ake distributions on a cumulative basis. • • The general partner will not receive a management fee =nd the carried interest is 20% (down from 30% on my last fund). =ccounting and legal fees will be paid by the Fund directly. • • The Fund will generally invest a maximum of $250,000 =SD per investment and the focus of the Fund will be early stage, =enture capital equity or convertible debt investments, and deals lead =y known or trusted investors. Key areas of focus include Internet =oftware and services, consumer and network hardware, bio engineering =nd bio EFTA_R1_01640971 EFTA02509579 technology, and other opportunistic deals that may come in =hrough my network. Some of the deals will be angel rounds and some may =e later stage deals or deals that I lead. • • I generally will invest the Fund's money first in any =pportunity, but I may co-invest my own money or funds from companies =hat I am involved in as well. • • In some cases, I will receive equity or fee =ompensation from the companies in which the Fund invests. I may also =ake board or advisory board positions with these companies and be =ompensated outside the Fund for these positions. • • I will invest $100,000 of my own money into the Fund =s a limited partner. • • Although some of the Fund's investments may =rise through the MIT Media Lab, the Fund is completely independent of =IT and the MIT Media Lab, and the Fund will have no rights to =echnology or opportunities arising out of my relationship with MIT or =he MIT Media Lab. > Here are a few companies I am currently reviewing as possible initial =nvestments: • • OH2 — A technology to sense molecules — =mells — using a device to detect a variety of things, such as =he presence of markers produced by cancer. The company has licensed the =echnology from MIT and the investment is pending conflict of interest =learance from MIT. The investment would be a minority investment in an =ngel round. • • Wearality — Lens and frames for a virtual =eality head-mount display using proprietary lens designs developed at =ockheed Martin by the Chief Innovation Officer, David Smith, and his =earn. David will spin out with the technology. I currently already have =n investment in the company as a convertible note and I am on the =oard. • • Panoply — Peer-produced mental health. MIT =edia Lab graduate startup based on his work at the Media Lab. Round =ead by Union Square Ventures. • • Crowd Supply — Crowdfunding and supply =hain/distribution management for hardware startups/products. > Please let me know if you have any questions and I look forward to =orking with you on this new Fund. > Sincerely, > Joichi Ito, > as manager of Neoteny 3 Management, LLC, the General Partner of > Neoteny 3, LP > The files are in this dropbox folder: > =ttps://www.dropbox.com/sh/w8hhd5xlvckbdli/AADldfO_5PB-Xc2rbZHy3B5ra?d > l== » On Feb 21, 2015, at 11:10 AM, jeffrey E. <jeevacation@gmail.com> =rote: » Send again? » On Saturday, February 21, 2015, Joichi Ito <-> wrote: » Hi Jeffrey, » I sent you documentation for my new fund. The subject is: Documents » =or the New Fund - Neoteny 3 >> » I see you haven't opened it yet. Let me know if you can'= find it. It might be in your spam folder. » Thanks! » - Joi » >> please note 2 EFTA_R1_01640972 EFTA02509580 » 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 >> > -- > Tips for mastering email overload - pls read - > =ttp://hbswk.hbs.edu/archive/4438.html > My Blog - > My Photos - Facebook Profile - > Linkedln Profile - > Twitter - > 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 Tips for mastering email overload - pls read - =ttp://hbswk.hbs.edu/archive/4438.html My Blog - My Photos - Twitter - Facebook Profile - Linkedln Profile - <?xml version=.0" encoding=TF-8"?> <!DOCTYPE plist PUBLIC "-//Apple//DTD PLIST 1.0//EN" "http://www.apple.com/DTDs/PropertyList-1.0.dtd"> <plist version=.0"> <dict> <key>conversation-id</key> <integer>124391</integer> <key>date-last-viewed</key> <integer>0</integer> <key>date-received</key> <integer>1424546326</integer> 3 EFTA_R1_01640973 EFTA02509581 <key>flags</key> <integer>8590195717</integer> <key>gmail-label-ids</key> <array> <integer>6</integer> <integer>2</integer> </array> <key>remote-id</key> <string>483722</string> </dict> </plist> 4 EFTA_R1_01640974 EFTA02509582