📄 Extracted Text (249 words)
From: David Stern
To: Jeffrey Epstein <[email protected]>
Subject: Re:
Date: Sat, 13 Oct 2012 13:01:34 +0000
and what equity do they get? 1% for every S I m?
On 13 Oct 2012, at 14:00, Jeffrey Epstein wrote:
tell them 29, but only on a callable basis, . and then only call 5
On Sat, Oct 13, 2012 at 2:47 PM, David Stern < > wrote:
I am flying to Abu Dhabi tomorrow.
We are discussing $29m investment into Asia Gateway for 20%. No comment from them yet on the % they
want, I expect they want more.
My issue:
I still have $6m. We are ahead of plan. We will probably reach revenue stage in July 2013.
To be able to reach revenue and grow quickly in 2013 I need additional $5m, but not $29m.
Maybe I can do big pre-IPO round next next year once I proof revenue model ?
I can not really tell AD I only need $5m
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