EMAIL DETAILS
SUBJECT:
AmWell email talking points
PRI: NORMAL
FROM:
N
ncallahan@rosemontseneca.com
DATE:
2014-04-11 02:53:14
MSG_ID:
<00eb01cf5531$2f83d0c0$8e8b7240$@rosemontseneca.com>
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TO:
H
'Hunter Biden'
<hbiden@rosemontseneca.com>
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PROCESSED
RHB, Here are some talking points that may be helpful for the broader group. We have a call from 1:30-3pm EST tomorrow, so a 3:30pm/4pm EST call on AmWell may work well for NY and SF tomorrow. ++++++++++++++++++++ "Hey guys, I think we are close on an investment thesis that makes sense for RSTP and opens up exciting potential upside for all of us, as well as helps support, in my opinion, a very important company to the future of health care delivery and care in this county. I suggest a $500k investment in the D round. As a part of our investment in American Well, we will ask the CEO to agree to the following: 1. Price: based on the investment and advisory board structure, we can enter the round at a 30%+ discount through share grants to our advisor board position that will be transferred back to RSTP. 2. Governance: RHB and one other representative from RSTP will be on the advisory board to help guide the company 3. Strategic Focus: RSTP requires a recast of the business plan that identifies quarterly revenue and what the #1, #2 and #3 big revenue areas to focus on in 2014/15 4. Capital Efficient Culture: creating and instilling a capital efficient mind set amongst the management team and the staff, reduce operating expenses to be in line with industry and comparable companies 5. RSTP Impact: identify the 2-3 areas of focus for RSTP to have influence and operating impact to increase revenue and improve profitability - payer sales, USG impact, brand/direct to consumer marketing program, etc. 6. Gentleman's agreement: will ask for a handshake to sell back our stake to management at par in 24 months if we are not comfortable with the direction of the company I believe this company has a strong potential to achieve our 3x+ target with our help from an advisory and overall support perspective as well as the quality of our capital in the company. I will make this a top priority over the next 24-36 months to ensure this in a leading company with our portfolio. Let's try and get on the phone tomorrow afternoon to discuss, does 4pm EST work for everyone? We can use the 0487# number. Regards, RHB" ++++++++++++++++++++++++++++ Neil Callahan Rosemont Seneca Technology Partners Carnegie Hall Tower 152 West 57th, 47th Floor New York, NY 10019 212-933-9965 (o) 917-945-9516 (m) 866-749-8879 (f) <http://www.rstp.com/> www.rstp.com Confidentiality Warning: This e-mail contains information intended only for the use of the individual or entity named above. If the reader of this e-mail is not the intended recipient or the employee or agent responsible for delivering it to the intended recipient, any dissemination, publication or copying of this e-mail is strictly prohibited. The sender does not accept any responsibility for any loss, disruption or damage to your data or computer system that may occur while using data contained in, or transmitted with, this e-mail.If you have received this e-mail in error, please immediately notify us by return e-mail. Thank you
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