EFTA00968184.pdf

From: "jeffrey E.' <jecvacation©gmail.com> To: Subject: Re: SpotLight - retails stores of the future Date: nu, 02 Nov 2017 10:39:364.0000 anything that would make shopoing malls alive again. could be gigantic On Thu, Nov 2, 2017 at 4:07 AM, > wrote: Dear Jeffrey, How are you doing? Cheers from M. Friend of ours, Ben Silver, serial entrepreneur, creates shops of the future. He also helps me and Masha Drokova with some introductions to the American best VCs. The plan is to co-invest with the top VCs. The info is below. What do you think? - We're creating srnal format retail stores wound 2500sq ft that wit be fully automated (checkout etc). We are usng a partner. Standard Cognition. who use a proprietary machine vision camera system to detect people and products In order to automate the checkout process. - The aims to create an experience where consumers want to come every day not ant to shop but to get added benefits through other services we provide. such as a work space. a safe place to meet people. pick-up dry cleaning. wale for Uber. common space everyone can use. We want to create a community and adapt to the changes around the way we work. socialis. and nteract with commerce. Olt aim to create the new Turd Space'. - We take the emphatas (Snecestaly) off shopping by reinventing the business model. every month a supplier will pay us $40-$100 per product. per store and in exchange they get 100% of the proceeds of the sale. Eradicating the margin model gives us a stable and predictable revenue flow. we're able to mere price competitive and provides consumers a better expedence. - Wee using a data aril approach to product selection. the store will be highty misted where products will be chosen based on highly localised data. with specific areas in the stare changing every week based on data. these will be the Spotlights' and will encourage discovery of new brands. There is a huge emphasis on green kcal brands a chance to penetrate into physical retail space and further blending technology with culturefccmrnunity. - The data first approach also gives us a massive oppcetursty with our suppliers. to provide a a huge pool of anonymised data and granular buying behaviotes on an e-commerce level that traditional brick and mortar doesn't provide. You can view their deck here (please view In landscape mode on mobile or via a computer). haps /tissue convspaghtretailMocsis cht IVDkRhOrts18 Q Experienced founder. created his first business n the UK when he was 16. Bootstrapped from $1000 10 a $3M a year revenue. profitable business. Go-founded Wee ei 2014 and moved to SF to Join the 500 Startups program ti raised money from 500 Startups S Foundry Group. Kind regards/Cordialement, 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 jrevacatioatfigmat.cgm, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00968184