Subject: Meeting Report: NB 4/17/2014
From: "William Lee" <[email-masked]>
To: "Hunter Biden" <[email-masked]>, "Devon Archer" <[email-masked]>, "Neil Callahan" <[email-masked]>
Cc: "Rob Walker" <[email-masked]>, "Eric Schwerin" <[email-masked]>, "John DeLoche" <[email-masked]>, "Suzanne Troy Cole" <[email-masked]>
Date: Thu, 17 Apr 2014 14:50:49 -0700

Neil, Hunter and Devon,

Thank you for taking the time to join us for the video conference and the call with NB.  It is huge to have our whole IC in today’s meeting.  Both meetings in our SF office and at Counsyl went very well.  Chuba and Eric from Counsyl did a fantastic job presenting Counsyl.  We took NB to the airport after a total of 4.5 hours of meeting.

We made the ask for $100M again during the meeting.  NB mentioned that it is very rare that they get to move so fast with a fund, and it is also rare that RSTP has already met most of its key IC members at such quick timing.  NB brought in one of their clients , Texas Permanent School Fund, a $30B endowment fund to the meetings today.  NB said this endowment can be a RSTP direct client.  All these are very positive postures.

The next step is NB would like to have a call with Ramji.  They would like to see more deal memos (Cataphora and Metabiota, Project Leo and Project Spider).  They will also start calling RSTP references very shortly.  Please notify your references that NB might be calling them.  John and I will meet with Gilman Louie tomorrow morning.  NB helped seeded Gilman’s fund, and his name came up a few times already during our meetings with NB.

Huge progress with NB.  Great work from the whole team!

-Will

William Lee, Managing Director
Rosemont Seneca Technology Partners (RSTP)
333 Bush Street, 21st Floor
San Francisco, California 94104
Office: 415.767.1289
Mobile: 617.407.5958
www.rstp.com

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