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SUBJECT:
Re: Prospective New Client
PRI: NORMAL
FROM:
E
eschwerin@rosemontseneca.com
DATE:
2015-04-24 21:09:30
MSG_ID:
<7DBC0729-249C-464B-BA16-1769EB88D37C@rosemontseneca.com>
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TO:
H
Hunter Biden
<hbiden@rosemontseneca.com>
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PROCESSED
Didn’t think so - just wanted to check. Eric D. Schwerin Rosemont Seneca Partners, LLC 1010 Wisconsin Ave., NW Suite 705 Washington, DC 20007 (202) 333-1880 eschwerin@rosemontseneca.com <x-msg://59/eschwerin@obblaw.com> P Consider the environment before printing this email. > On Apr 24, 2015, at 4:15 PM, Hunter Biden <hbiden@rosemontseneca.com> wrote: > > No problem > > RHB > 202.333.1880 > > On Apr 24, 2015, at 3:56 PM, Eric Schwerin <eschwerin@rosemontseneca.com <mailto:eschwerin@rosemontseneca.com>> wrote: > >> Do you have any problem with the BD taking these guys on as a client? They are a fantasy soccer site - no gambling - but they do own a gaming license which a fantasy site is required to have in the UK. >> >> >> >> >> Eric D. Schwerin >> Rosemont Seneca Partners, LLC >> 1010 Wisconsin Ave., NW >> Suite 705 >> Washington, DC 20007 >> (202) 333-1880 >> eschwerin@rosemontseneca.com <x-msg://59/eschwerin@obblaw.com> >> P Consider the environment before printing this email. >> >> >> >> >>> Begin forwarded message: >>> >>> From: Eric Schwerin <eschwerin@rosemontseneca.com <mailto:eschwerin@rosemontseneca.com>> >>> Subject: Fwd: Prospective New Client >>> Date: April 23, 2015 at 1:58:18 PM EDT >>> To: Hunter Biden <hbiden@rosemontseneca.com <mailto:hbiden@rosemontseneca.com>> >>> >>> >>> >>> Eric D. Schwerin >>> eschwerin@rosemontseneca.com <mailto:eschwerin@rosemontseneca.com> >>> >>> Sent from my iPhone >>> >>> Begin forwarded message: >>> >>>> From: Caryn Suffredini <csuffredini@rspinv.com <mailto:csuffredini@rspinv.com>> >>>> Date: April 23, 2015 at 1:26:28 PM EDT >>>> To: Eric Schwerin <eschwerin@rspinv.com <mailto:eschwerin@rspinv.com>> >>>> Cc: Joan Peugh <jpeugh@rspinv.com <mailto:jpeugh@rspinv.com>> >>>> Subject: Prospective New Client >>>> >>>> Eric, >>>> Attached is a 1-page teaser for a company called Mondogoal. It is the Draft Kings of Soccer - they are the only site that follows all of the leagues. >>>> >>>> The CEO and Founder (Shergul Arshad) was introduced to me through a hedge fund manager who I have known for over 30 years. They both worked at Pallotta together - my friend as a PM and Shergul was with ROMA, the team owned by Jim Pallotta. >>>> >>>> Shergul has a track record with other start ups and his last company was sold to Time Warner for $15 million - -a small deal but a track record. This company has much greater expectations for valuation and exit based on the comparables. >>>> >>>> The current valuation is $20 million and they are seeking $5 million of investment. It is not profitable (neither is Fan Duel or Draft Kings) but he has already been approached to be bought so there is an exit that can be lined up quickly if investors were seeking it - -he is just aiming to multiply the valuation first. >>>> >>>> I did have some close friends who play Draft Kings check out the site and they said it is amazing and the soccer club relationships are huge. >>>> >>>> He also asked for introductions to websites in the UK - -I have some contacts in this space so it shouldn't be a heavy lift. >>>> >>>> In the UK they are required to have a gaming license (In the US they are not) - -they have this - some investors will balk at this so I am pointing it out. >>>> >>>> If this is an acceptable client for RSP, I would like to have a call to discuss contract structure. He tossed out 3% on the capital raise. Given the small amount and the stage of the company as well as the potential, I would like to talk to you about adding warrants as well as royalties for volumes of users for websites introduced and get an understanding of the structures for the funds-of-funds deals in RSP so that we maximize potential if we are successful. >>>> >>>> Let me know when you are free to talk later today or tomorrow morning - -I am around. >>>> Best, >>>> Caryn >>>> >>>> >>>> -------- >>>> Caryn Suffredini, CFA >>>> Managing Director >>>> RSP Investments, LLC >>>> (617) 947-7333 <tel:%28617%29%20947-7333> (mobile) >>>> csuffredini@rspinv.com <mailto:csuffredini@rspinv.com> >>>> >>>> Main Office: >>>> 1010 Wisconsin Avenue, NW Suite 715 >>>> Washington, DC 20007 >>>> (202) 446-0493 <tel:%28202%29%20446-0493> >>>> >>>> <> >>>> >>>> >>>> P Consider the environment before printing this email. >>>> >>>> >>>> NOTICE: RSP Investments, LLC is not acting as a municipal advisor and the opinions or views contained herein are not intended to be, and do not constitute, advice within the meaning of Section 975 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. This e-mail message, and any attachments, is not an offer, or solicitation of an offer, to buy or sell any security or other product. The information provided is subject to change without notice. This e-mail may contain privileged or confidential information or may otherwise be protected by other legal rules. Mistransmission is not intended to waive confidentiality or privilege. If you have received this communication in error, please destroy all electronic and paper copies and notify the sender immediately. RSP Investments, LLC reserves the right, to the extent permitted under applicable law, to monitor, review and retain all electronic communications traveling through its networks and systems. By messaging with RSP Investments, LLC, you consent to the foregoing. E-mail transmissions cannot be guaranteed to be secure, timely or error-free >> <Mondgoal One Pager April 2015.docx> >>
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