EFTA01617330.pdf

Platform: iMessage Timezone: UTC+0000 • [email protected] 2015/07/28 How well do you know Reid Hoffman 11:00:46 pin One of my cofounders co created android phones and the other was the original dude for google docs Business model seems very legit Pilot with two banks in one country seems crazy potential 11:01:45 pm Need advice from someone who has done something similar 11:01:58 pin I will see him sun 11:05:48 pm The marketplace to link banks/MFIs/telcos to huge savings networks is emormous if can get it right 11:06:50 pin Partly tech but mostly just trust building 11:07:00 pin Banks looking to lend - huge groups willing to borrow 11:07:13 pin EFTA01617330  Am out in Palo Alto today and tmr 11:07:29 pm MasterCard wants to buy us 11:07:40 pm I see them again 21st 11:07:54 pm • Have hired and work closely with fenwick and west law firm here in Palo Alto 11:08:08 pm I'm St ritz half moon bay sat 11:08:43 pm • We move to two more countries soon and I guess by Christmas hopefully will know if it works 11:08:43 pm Ok Saturday I'm back with Jim in DC 11:09:01 pin Gotta be back Thursday and ready to quit WB but want to make sure I can do this 11:09:20 pm I was thinking I needed MasterCard backing and name to be legit but now wondering if it might actually work and having banks all signed up means MasterCard not needed Oust another layer) 11:10:35 pm Anyway a few ppl suggesting I speak to Reid and offering to introduce - he seems no • bullcrap and thoughtful and experienced and wanting to help 11:13:58 pm EFTA01617331  2015/07/29 I'll do whatever you this most helpful to you 08:48:09 pm Think 08:48:14 pm ./ Sent Pilots are brewing now so let's see how they go - 08:50:14 pm And thank you as always 08:50:21 pm This is a totally new way to do banking at scale and for now am ahead of the regulators 08:50:48 pm A few angel investors means I have about 4 months to see if it works which seems ok 08:51:20 pm The folks at the IFC who run the fintech portfolio, Larry summers, Marc andreeseen and MasterCard CEO all tell me to keep pushing and that I am on to something My two cofounders are Google pioneers - one did android the other google docs so the tech is solid 08:53:18 pm Anyway 08:53:24 pm Trying This is 20 years of learning all put into one "solution" 08:53:50 pm EFTA01617332  http://www.wired.co.uk/news/archive/2015-07/08/kiva-julie-hanna-wired-money-2015 08:57:59 pm Btw - kiva is charitable crowd sourced lending and not even close to a scalable market solution and be it is the only option some ppl use it 08:58:43 pm Local banks MFI and telcos willing to enter space just need data 08:58:59 pm And was thinking today about how the world bank does concessional lending could maybe also be shaped in the private sector - why can't banks do concessional lending w CSR budgets and ODA? Esp if it reaches the huge huge populations for jobs. Govts would support. 09:03:38 pm Pilots underway let's see 09:03:55 pm 2015/08/01 Advice: Sell the IP Or build the company 10:54:22 pm ✓ Read EFTA01617333