EFTA02643488.pdf

From: jeffrey E. <[email protected]> Sent: Saturday, July 15, 2017 2:39 PM To: John Steele; Lawrence H. Summers Subject: Re: Meeting of course. 1 . your page vie=s are EXTREMELY low. . so not a good i=dication of success. simplest of you tube uploads for pranks=C2* alone total 100 s of thousands. 2. no= sure of your target audience. . at all. 3.=C24> though the 990 shows 2.4 milllion to publishing. .=C24> all the relevant numbers subsumes in there. On Sat, Jul 15, 201= at 10:35 AM, John Steele < > wrote= Jeffrey, Considering the tumult in media world, I d= understand your questions, dare I say skepticism, on a for-profit manifes=ation of Nautilus, but that was only one door available for Nautilus to su=port and promote the deeper issues of science and its connection to cultur= and society that I know are important to you. I would look forward =o exploring some of those other doors with you. J=hn John Steele<=div> Pu=lisher & Editorial Director Nautilus 25 Broa=way, 9th Floor <=div> On Jul 15, 2017, at 9:22 AM, jeffre= E. <[email protected] <mailto:[email protected]» wrote: John , thanks for t=e opportunity. However, as a ch=rity it appears to serve a worthwhile cause and fill a needed =ap. - as a business . I dont see it. =C24> Hope to see you again, sorry EFTA_R1_01878760 EFTA02643488  On Thu, Jul 13, 2017 at 10:30 AM, John S=eele < > wrote: Jeffrey, I just wanted say what a pleasure it=was to meet you yesterday and thank for making your time available to hear=more about Nautilus. You mentioned how comfortable you are in the wo=ld of numbers...so I wanted to provide a few more. Nautilus Revenue 2016 (minus grants) - $873,951...up 30% year=over year since 2013 Revenue Year to Date 2017 - $773,600 =Subscription revenue up 91% ($270,000 vs $143,282) over same period in 201= and Q4 historically accounts for 40% of Nautilus' subscription re=enue. Nautilus online traffic Jan 1, 2016 to July 13, 2016 - 6,321,786 page vie=s Year to date 2017 - 9,118,=36 page views up 44% From 20=3 to 2016 annual growth was over 30% year over year. =font class="m_-8547299039130489196m_4339092262555575202Apple-style-span"=And all of this growth was organic with no real marketing. I've attached our 2015 990. It was the transitional ye=r for Nautilus as we transferred all the Nautilus assets from Nautilus Ven=ures LLC to NautilusThink Inc, the 501(c)(3) and the foundation hired Vent=res to produce the magazine during the transition....so the costs ar= listed as a "program expense" and not delineated. T=e transfer was completed in 2015 and Nautilus Ventures LLC was dissolved.<=font> I've also attached a draft operating agreem=nt prepared with Robert Lyons at Marks Paneth for a for-profit newco that =ould be partly owned by the 501(c)(3), as we discussed the mechanics of su=h an hybrid entity. Thanks again and look forward to=hearing back from you next week. 1=hn <=div> 2 EFTA_R1_01878761 EFTA02643489  <=pan class="m_-8547299039130489196m_-4818169759575829338Apple-style- span"=style="border-collapse:separate;font-variant-ligatures:normal;font-varia=t-caps:normal;font-variant- numeric:normal;font-variant-alternates:normal;f=nt-variant-east-asian:normal;letter-spacing:normal;line- height:normal;text=align:-webkit-auto;text-indent:Opx;text-transform:none;white-space:normal;=ord- spacing:Opx;border-spacing:Opx">=div style="word-wrap:break-word"> John Steele 25 Broadway, 9th Floor New York, NY =0004 IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIInt-family:Helvetica"><=ont class="m_- 8547299039130489196m_-4818169759575829338Apple-style-span"=size="2">www.naut=l.us <http://www.nautil.us/> [email protected] <mailto:john.steele@naut=l.us> ar> =please note The information contained in this communication is =onfidential, may be attorney-client privileged, may constitute inside i=formation, and is intended only for the use of the addressee. It is the=property of JEE Unauthorized use, disclosure or copying of this c=mmunication or any part thereof is strictly prohibited and may be unlaw=ul. If you have received this communication in error, please notify us =mmediately by return e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy t=is communication and all copies thereof, including all attachments. cop=right -all rights reserved =C24fe please note The information contained in this communication =s confidential, may be attorney-client privileged, may constitute in=ide information, and is intended only for 3 EFTA_R1_01878762 EFTA02643490  the use of the addressee. It =s the property of JEE Unauthorized use, disclosure or copying of thi= communication or any part thereof is strictly prohibited and may be=unlawful. If you have received this communication in error, please noti=y us immediately by return e-mail or by e-mail to [email protected] <mailto:[email protected]> , and des=roy this communication and all copies thereof, including all attachment=. copyright -all rights reserved --94eb2c0de2be8a6dc405545c2172-- conversation-id 45345 date-last-viewed 0 date-received 1500129559 flags 8590195713 gmail-label-ids 7 6 remote-id 730900 4 EFTA_R1_01878763 EFTA02643491