EFTA01751820.pdf

From: Joi Ito Subject: LLC for investment mart Things It R IM Sent: Tuesday, December 31, 2013 3:43:38 PM To: Epstein Jeffrey <jeevacation©gmail.com> sionature.asc Hi Jeffrey. I'm working on the LW for the Smart Things investment. Should we set up a new LLC for each investment if we do more, or set up a vehicle that we use for all of our investments? I'm going to set it up so I get 50% of the upside, but I assume you want the losses right? Do you have a lawyer my lawyer can work with? What should we call it? - Joi EFTA_R1_00050123 EFTA01751820