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Hey guys,

I met with Mark James yesterday. He's the founder/CEO/funder of an Uber
like app, but has a more of a "comes from industry" and
compliance/regulatory angle. Basically helping all the taxi and limo
commissions "enforce" their regulations (they won and RFP form the City of
San Francisco, and will be part of the "Green cabs" in NYC - 4 outer boro
taxis) - seems weak to me, the taxi and limo commissions seem to be
political machine types and is type of inefficiency the internet/technology
is trying to blow up - taking that rent out of the system benefiting
consumers and entrepreneurs (i.e., drivers). His company is called
Integrity Vehicle Solutions and he is launching an Uber like app call
"RideGenie" in March - already 5 months late from his plan.

He mentioned he is very good friends with Sen Reid. Mark James served in
the Nevada State Senate, friends with the Governor whom he serviced with.
He made $100m+ by taking over a family business in Las Vegas which is the
largest cab/for hire car company in Las Vegas. He's already put $8m of his
own money in the company, and it seems he's scrambling to find outside money
because he will have to keep funding it out of his pocket for the
foreseeable future to keep it going.

His idea is flawed in that he's on the wrong side of history - the internet
wipes out incumbent businesses, all the fat cat car fleet owners will get
crushed or have to pivot to stay alive. And with Google getting behind
Uber, that's a tough bus to stand in front of. So I think his industry
based approach is not a great investment. But he is open to evolving his
model and idea. And he has spent way too much money - way too many
employees and he's getting ripped off by way too many technology contractors
- he's put $4m into the business in the last 3 months!! So I am not sure
his management approach makes sense.

Just wanted to run his name and relationship by you - if this is something
that could be important, we could help him. Maybe the regulators will shut
Uber down, but not sure that a fight worth fighting, who really cares about
the taxi and limo commissions beside the fleet owners. Need your POV here
on how to proceed.

LMK.

Best,

Neil


Neil Callahan
Rosemont Seneca Partners
401 Greenwich Street, Suite 300
New York, New York 10013
917-945-9516 (m)
866-749-8879 (f)
www.rosemontsenecatech.com
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-----Original Message-----
From: Sebastian Momtazi [mailto:smomtazi@rosemontseneca.com]
Sent: Tuesday, February 11, 2014 10:00 AM
To: Neil Callahan
Subject: FW: Devon Meet CEO Mark in NY Tue: RideIntegrity: Disrupts the
Disruptors in the For-Hire Vehicle Shared Economy


>the office in the am.
>________________________________________
>From: Dan McClory [mcclory.dj@gmail.com]
>Sent: Wednesday, February 05, 2014 10:08 PM
>To: Devon Archer
>Subject: Meet CEO Mark in NY Sun-Tue?: RideIntegrity: Disrupts the
>Disruptors in the For-Hire Vehicle Shared Economy
>
>Hi Devon-I know you and your SF team from RSTP heard the management
>pitch on IVSC and passed, but I'd like to get you and Founder/CEO Mark
>James together
>when he is in NY this weekend-Tues to meet with Mayor DeBlasio. IVSC is
>going to launch in NYC with the Green Taxis in the underserved boroughs.
>Mark is one of my friends and you may recall that he has put $8 million
>of his own money into building the infrastructure software to allow
>taxi fleets, app companies like Uber, and ridesharing firms including
>SideCar, to come together under a common regulatory framework, with
>massive big data implications. He has run a $300 million taxi and
>transportation company and seen firsthand the opportunities and
>challenges of the shared economy.
>Here
>again are the highlights:
>
> * Integrity Vehicle Solutions (IVSC) in Las Vegas is the Company
> * IVSC has already licensed its infrastructure software RideIntegrityT
>to
>the San Francisco Municipal Transportation Agency
> * Ride-hailing apps (Uber, SideCar, Lyft, etc.) and taxi fleets will
>soon
>be operating within the IVSC environment in SF
> * RideIntegrityT to be introduced in the State of Nevada next
> * IVSC's consumer e-hailing app RideGenieT to launch in New York City's
>underserved boroughs with Green Taxis, as well as in DC and Miami
>Devon, IVSC is carving out valuable land rights in key transportation
>corridors across the US, and I thought you would be interested to take
>part in the pre-build through the Company's first external capital
>raise.
>We're
>ready to meet with select investors who share the IVSC vision of
>infrastructure software converging with the shared economy, to
>facilitate, regulate, and optimize the for-hire vehicle industry and its
riders'
>experiences through RideIntegrityT and RideGenieT.
>
>The RideIntegrityT cloud-based data collection and analytics system
>provides an innovative solution to challenges facing passengers,
>drivers, fleets and regulators, including: price gouging, safe cars and
>drivers, surges/demand for rides, fair licensing, regulatory
>compliance, fair rates/fair profit, dispatch control, and technology
>adoption/integration.
>
>Attached is an updated executive summary ppt. Please let me know when
>you could spend 30 minutes with Mark. We can confirm availability for
>Sunday, Monday or Tuesday.
>
>Thanks,
>
>Dan McClory
>949 233 7869<tel:949%20233%207869>
>