Subject: Fwd: Lyft
From: "John DeLoche" <[email-masked]>
To: "Hunter Biden" <[email-masked]>, "Devon Archer" <[email-masked]>, "Neil Callahan" <[email-masked]>, "Will Lee" <[email-masked]>, "Rob Walker" <[email-masked]>
Date: Wed, 19 Mar 2014 21:04:24 -0400

FYI below. The company did not take it well and Coatue just circled back. Tried to lighten blow by offering to have Rob connect them with Cornerstone per Rob's suggestion yesterday. They might be having trouble filling the rest of the deal hence the smaller than expected first closing. I am happy we came together on this one. Onward. 

Best,

John 

Sent from my iPhone

Begin forwarded message:

> From: John DeLoche <[email-masked]>
> Date: March 19, 2014 at 8:30:49 PM EDT
> To: "Laffont, Thomas" <[email-masked]>
> Subject: Re: Lyft
> 
> In Indianapolis at a dinner. Can talk tomorrow. We had two IC committee meetings on this one and ultimately the committee voted to pass since the company does not meet our capital efficient business model investment criteria. We are also concerned about pricing pressure due to low entry barriers. I am personally disappointed we ended up here, but it is what it is. We have offered to be helpful to them with our business development team despite our inability to move forward with an investment. We do not plan to invest in the category so can go to bat for them with no conflicts. Thanks for the oppty to look at this one. I think you guys will do well and wanted to be a part of it. 
> 
> Can talk more tmw. 
> 
> Best,
> 
> John 
> 
> Sent from my iPhone
> 
>> On Mar 19, 2014, at 8:21 PM, "Laffont, Thomas" <[email-masked]> wrote:
>> 
>> Do you have a second to speak about what happened here?
>>  
>> From: John DeLoche [mailto:[email-masked]] 
>> Sent: Wednesday, February 19, 2014 5:55 PM
>> To: Laffont, Thomas
>> Subject: Re: Lyft
>>  
>> quick follow up is that Founders Fund just connected me with John and Logan. For clarity, we do not want to compete with you guys to lead this--we just want to invest a small amount, up to $2mm max or so, and help them to expand with our networks. Ideally we would co-invest alongside you guys and I would be happy to advocate for you guys to lead if you want me to. Also happy to coordinate if it makes sense as you guys flush out terms. 
>>  
>> Best,
>>  
>> John
>>  
>> 
>> John DeLoche
>> Managing Director
>> Rosemont Seneca Technology Partners
>> 333 Bush Street, 21st Floor
>> San Francisco, CA 94104
>> office: 415 767 1288
>> mobile: 415 793 7070 
>>  
>> This email communication is privileged and confidential and is intended only for the individuals or entities named above. Any unauthorized dissemination of any of the contents of this email is strictly prohibited. If you are not the intended recipient, please do not read, copy, use or disclose to others the contents of this communication. Please notify the sender that you have received this e-mail in error and then delete the e-mail.
>>  
>> 
>> On Wed, Feb 19, 2014 at 9:46 AM, John DeLoche <[email-masked]> wrote:
>> Sounds good. I will reach out then. 
>> 
>> Sent from my iPhone
>> 
>> On Feb 19, 2014, at 9:15 AM, "Laffont, Thomas" <[email-masked]> wrote:
>> 
>> Honestly – the best for us would be to speak at the end of this week or next
>>  
>> From: John DeLoche [mailto:[email-masked]] 
>> Sent: Wednesday, February 19, 2014 10:51 AM
>> To: Laffont, Thomas
>> Subject: Re: Lyft
>>  
>> Great. I'm around today then in Tahoe for my son's ski week the rest of the week but available for a call. When is a good time?
>> 
>> Sent from my iPhone
>> 
>> On Feb 19, 2014, at 7:44 AM, "Laffont, Thomas" <[email-masked]> wrote:
>> 
>> Hey John,
>>  
>> Happy to chat.
>>  
>> There’s a bunch of variables at play at the moment. Would likely have more clarity later this week or next.
>>  
>> From: John DeLoche [mailto:[email-masked]] 
>> Sent: Wednesday, February 19, 2014 10:26 AM
>> To: Laffont, Thomas
>> Subject: Lyft
>>  
>> Hi Thomas,
>>  
>> I hope things are well. I am back to triathlon training and it would be great to get a ride on the calendar sometime soon.
>>  
>> I noticed the press regarding the potential Lyft round. We are co-investors with Founders Fund in a few deals and I have pinged them as well. RSTP would have an interest in exploring a co-investment in the round with you if there is room, even for a very small check. We could be helpful to the company on with their domestic and international expansion plans.
>>  
>> When might be a good time to connect on this?
>>  
>> Best,
>>  
>> John
>> 
>> John DeLoche
>> Managing Director
>> Rosemont Seneca Technology Partners
>> 333 Bush Street, 21st Floor
>> San Francisco, CA 94104
>> office: 415 767 1288
>> mobile: 415 793 7070 
>>  
>> This email communication is privileged and confidential and is intended only for the individuals or entities named above. Any unauthorized dissemination of any of the contents of this email is strictly prohibited. If you are not the intended recipient, please do not read, copy, use or disclose to others the contents of this communication. Please notify the sender that you have received this e-mail in error and then delete the e-mail.
>>  
>> 
>> On Mon, Oct 14, 2013 at 11:19 PM, John DeLoche <[email-masked]> wrote:
>> Thomas,
>>  
>> Great that we have mutual friends in Chris and Devon. Would be great to all get together sometime. 
>>  
>> It also sounded like you enjoy cycling.  Once my wrist is healed it will be back to triathlon training. I'm always up for a ride around Menlo (old la Honda, page mill, etc ) or the North Bay so let me know if you'd like to join. 
>>  
>> Best,
>>  
>> John 
>> 
>> Please excuse typos as this message was sent from my handheld device. 
>>  
>> 
>> Begin forwarded message:
>> 
>> From: John DeLoche <[email-masked]>
>> Date: October 14, 2013 at 11:14:54 PM PDT
>> To: "[email-masked]" <[email-masked]>, Kyle Doherty <[email-masked]>
>> Cc: William Lee <[email-masked]>
>> Subject: Good meeting you
>> 
>> Thomas and Kyle,
>> 
>> We enjoyed meeting you last week. Seems there are a number of areas of intersection in our private investing strategies. We will keep you in the loop on opptys that we think suitable to explore together. 
>> 
>> Best,
>> 
>> John 
>> 
>> John DeLoche
>> Managing Director
>> Rosemont Seneca Technology Partners
>> 333 Bush Street, 21st floor
>> San Francisco, CA 94104
>> Direct: 416 767 1288
>> Cell: 415 793 7070
>> 
>> Please excuse typos as this message was sent from my handheld device.
>> 
>>  
>>  
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>> 
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>>  
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>> 
>> Messages sent to and from Coatue may be monitored. The sender of this email is associated with an entity that trades in securities. As a result, the sender does not wish to receive any material, non-public information regarding a public company or information provided in violation of any duty or obligation or any U.S. or non-U.S. securities laws.
>>  
>> 
>> This message is solely for the use of the intended recipient. If you have received this message in error, you should notify the sender by reply e-mail and immediately delete the message and all copies of it from your system and destroy any hard copies or printouts.
>> 
>> The information contained in this message and any attachment is confidential, proprietary and may be privileged and protected from disclosure, and any mistransmission does not alter or waive the protections afforded such information. Unauthorized review, use, dissemination, printing, copying, disclosure or publication of all or any part of the contained information is prohibited without the express written consent of the sender. The sender does not endorse or guarantee the accuracy and completeness of the contained information, and neither the recipient nor any other person is entitled to rely on such information. The sender has assumed no obligation to correct or supplement the contained information. Some or all of the contained information constitutes opinion and may be based on unconfirmed communications. This is not an offer, recommendation or solicitation to buy or sell securities.
>> 
>> Messages sent to and from Coatue may be monitored. The sender of this email is associated with an entity that trades in securities. As a result, the sender does not wish to receive any material, non-public information regarding a public company or information provided in violation of any duty or obligation or any U.S. or non-U.S. securities laws