EMAIL DETAILS

probably sub $1mm.

On Sun, Feb 24, 2013 at 8:35 AM, Devon Archer <darcher@rosemontseneca.com>wrote:

> What's the minimum we could participate at if deemed worthy?
>
> Devon Archer
> 646 436 3745
>
> On Feb 24, 2013, at 11:30 AM, "Neil Callahan \(Rosemont Seneca\)" <
> ncallahan@rosemontseneca.com> wrote:
>
> Right, good exposure to an interesting space. Any angle we can propose on
> the advisory side? Super regulated topic – success or failure hinges on
> policy and regulation here for sure (i.e., gove research $, insurance
> coverage for therapies, permissibility of therapies, IP rights/public good,
> etc.)****
>
> ** **
>
> 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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>
> *From:* John DeLoche [mailto:jdeloche@rosemontseneca.com<jdeloche@rosemontseneca.com>]
>
> *Sent:* Sunday, February 24, 2013 11:20 AM
> *To:* Neil Callahan
> *Cc:* Hunter Biden; Eric Schwerin; Devon Archer; Rob Walker
> *Subject:* Fwd: adult stem cell opp****
>
> ** **
>
> Here is the dataroom access. this may be too capital intensive for us. we
> need to be respectful to Trent obviously. let's discuss this week. ****
>
> ---------- Forwarded message ----------
> From: *Trent Gegax* <trent.gegax@gramercyfund.com>
> Date: Sat, Feb 23, 2013 at 3:42 PM
> Subject: Re: adult stem cell opp
> To: John DeLoche <jdeloche@rosemontseneca.com>
> Cc: Greg Arrese <garrese@scogcap.com>
>
> ****
>
> Sounds good. Here you go. I have permission to pass access to you. Happy
> wknd. ****
>
>
>
> ****
>
> http://stemedica-casestudies.imagebeam.com/docs****
>
> username: smuser****
>
> password: u891mnb!****
>
> ****
>
> ** **
>
> T. Trent Gegax****
>
> 917.592.1686****
>
> www.gramercyfund.com****
>
> @gegax****
>
> ** **
>
>
> On Feb 23, 2013, at 5:38 PM, "John DeLoche" <jdeloche@rosemontseneca.com>
> wrote:****
>
> Hi Trent,****
>
> ** **
>
> Thanks for thinking of us. I would like to learn more. Is there a slide
> deck w financials you could send. Happy to take a look in the data room. *
> ***
>
> ** **
>
> Best,****
>
> ** **
>
> John
>
> Sent from my iPad****
>
>
> On Feb 23, 2013, at 2:14 PM, Trent Gegax <trent.gegax@gramercyfund.com>
> wrote:****
>
> howdy, john. yesterday my father and I had an interesting update call with
> one of our life-sciences portfolio cos, san diego-based stemedica<http://www.stemedica.com/>,
> in the adult stem cell space. they're finishing a big 'rolling raise' and
> are down to their last 7m (we're considering adding to our position) of
> their 72m preferred raise (148m pre-money, 220m post-money).****
>
> ** **
>
> you came to mind because stemedica feels like it's about at the stage that
> counsyl was at when you introduced it to us, tho it's taken stemedica
> longer to develop than counsyl (we initially invested in 2007). maybe chalk
> that up to being in the controversial stem cell space, maybe not.****
>
> ** **
>
> any rate, let me know if you want access to their data room and, if
> further interested, i'll intro you to stemedica ceo maynard howe, who
> started two other life sciences cos that we invested in and that went ipo.
> my father tom is friends with maynard and has known the prolific howe
> family for decades. ****
>
> ** **
>
> ceo maynard expects stemedica to be cashflow poz q313; their first big
> pharma deal to give them a 1b valuation; and midcase valuation in 5 yrs to
> be 3b. maynard has invested millions of his own money and plans to return
> all of investors money via dividends within two yrs.****
>
> ** **
>
> ip is stemedica's edge. the short story on the extension of the current
> raise is that they had an ip discovery that they decided to button down
> rather than use raised funds to ramp sales.****
>
> ** **
>
> interesting recent developments include aggressive interest from tx gov
> perry, a stem cell fan who wants tx to unseat ca as the stem cell capital
> of the u.s.; a big addition to the board; and significant jv with leading
> public life-sciences firm.****
>
> ** **
>
> let me know if you'd like to see more.****
>
> ** **
>
> best,****
>
> trent****
>
> ** **
>
> T. Trent Gegax****
>
> www.gramercyfund.com****
>
> 917.592.1686****
>
> @gegax****
>
> ** **
>
> ** **
>
>
>
> ****
>
> ** **
>
> --
> John DeLoche****
>
> *Managing Director*****
>
> Rosemont Seneca Technology Partners****
>
> One Market, Spear Tower, 36th Floor****
>
> San Francisco, CA 94105****
>
> office: 415 293 8147****
>
> mobile: 415 793 7070 ****
>
> ** **
>
> This email communication is privileged and confidential and is intended
> only for the individuals or entities named above. Any unauthorized
> dissemination of any of the contents of this email is strictly prohibited.
> If you are not the intended recipient, please do not read, copy, use or
> disclose to others the contents of this communication. Please notify the
> sender that you have received this e-mail in error and then delete the
> e-mail. ****
>
> ** **
>
>


--
John DeLoche
*Managing Director*
Rosemont Seneca Technology Partners
One Market, Spear Tower, 36th Floor
San Francisco, CA 94105
office: 415 293 8147
mobile: 415 793 7070

This email communication is privileged and confidential and is intended
only for the individuals or entities named above. Any unauthorized
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