Subject: Re: FW: Fanduel
From: "John DeLoche" <[email-masked]>
To: "Sebastian Momtazi" <[email-masked]>
Cc: "Devon Archer" <[email-masked]>, <[email-masked]>, <[email-masked]>, <[email-masked]>
Date: Wed, 18 Jun 2014 14:49:33 -0700

You guys asked the right questions. If this goes away from us its ok--there
are many other deals to do and we have to stick to our criteria.
Interesting deal tho to track.

John DeLoche
*Co-founder and Managing Director*
Rosemont Seneca Technology Partners
333 Bush Street, 21st Floor
San Francisco, CA 94104
office: 415 767 1288
mobile: 415 793 7070

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On Wed, Jun 18, 2014 at 2:29 PM, Sebastian Momtazi <
[email-masked]> wrote:

>  Team,
>
>
>
> FYI. After speaking with Will and Devon today I sent the below e-mail. See
> the response -- we knew it would be moving quickly(!)
>
>
>
> S
>
>
>
>
>
>
>
> *From:* Mark Patricof [mailto:[email-masked]]
> *Sent:* Wednesday, June 18, 2014 5:22 PM
> *To:* Sebastian Momtazi
> *Cc:* [email-masked]
> *Subject:* RE: Fanduel
>
>
>
> Hi Sebastian,
>
>
>
> Appreciate the questions, but we are too far down the road w other parties
> to revisit with Rosemont.  Will stay in touch on other deals.
>
>
>
> Best,
>
>
>
> Mark
>
>
>
>
>
> *From:* Sebastian Momtazi [mailto:[email-masked]
> <[email-masked]>]
> *Sent:* Wednesday, June 18, 2014 5:17 PM
> *To:* Mark Patricof
> *Cc:* [email-masked]
> *Subject:* Fanduel
>
>
>
> Mark,
>
>
>
> Thank you for bringing Nick in to meet with myself and Devon. We’ve been
> looking through the dataroom with the team here at RSTP and have a few
> questions about the path to profitability.
>
>
>
> We see that you hit profitability earlier in the conservative case
> according to the model, but that subsequent growth is not as explosive as
> the growth case version. Is there a scenario you have modelled out where
> you hit profitability even earlier than the conservative case and perhaps
> use those funds to fuel growth organically instead of with an outside
> injection for advertising spend?
>
>
>
> Secondly, I note that amex payments are only taken through paypal. Could
> you speak to that a little bit, and perhaps give an overview of the payment
> processing relationships you have and any concerns going forward?
>
>
>
> Thank you so much,
>
>
>
> Sebastian