EMAIL DETAILS

It will trade away but I bet its a home run when all is said and done.

Devon Archer
646 436 3745

On Jun 18, 2014, at 5:49 PM, "John DeLoche" <john@rstp.com<mailto:john@rstp.com>> wrote:

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 <smomtazi@rosemontcapital.com<mailto:smomtazi@rosemontcapital.com>> 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:mpatricof@mesaglobal.com<mailto:mpatricof@mesaglobal.com>]
Sent: Wednesday, June 18, 2014 5:22 PM
To: Sebastian Momtazi
Cc: will@rstp.com<mailto:will@rstp.com>
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:smomtazi@rosemontcapital.com]
Sent: Wednesday, June 18, 2014 5:17 PM
To: Mark Patricof
Cc: will@rstp.com<mailto:will@rstp.com>
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