EMAIL DETAILS

Yeah

--------------------
Neil Callahan
Rosemont Seneca
917-945-9516

> On Jul 21, 2014, at 7:47 PM, John DeLoche <john@rstp.com> wrote:
>
> Guys,
>
> Please see attached. It is an estimate of our expenses and income for the rest of the year based on known invoices and conservative estimates of fundraising and legal expenses for the rest of the year.
>
> Based on this, I propose we distribute $200k to the partners tomorrow for fees. This will leave us with a cushion to the extent our expenses are higher than estimated in the attached. We will also be able to make another distribution when we have another closing and when the October fees come in for Alpha and Bravo. I will share all this with the accountants but wanted an investment committee vote by email prior.
>
> Please send the group your yeah or nay vote to distribute $200k tomorrow.
>
> Best,
>
> John
>
> 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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> <Estimated Expenses Worksheet.xlsx