Fwd: FW: Update October 2017
Dear all,
Here is our quarterly update.
Data Analytics:
We had a major breakthrough here. We have finalize our algorithm together with researchers from Harvard. Please watch this video to understand what this allows us to do.
pwd: hello123
This research is so unique that we have submitted it to the world's ill academic journal, Science. I believe this to be a future revenue
stream.
Marketing:
We signed with Leo di Caprio. We will do a press release in the coming weeks.
EFTA00998060
New Fundraising Round:
We start a new fundraising round now. I am very positive about its outcome. Our key selling points:
I) Most comprehensive art price database in the world, 20% more result than Artnet, 70% more than Artsy.
Revolutionary analytics, validated by the world's leading researchers
One of the world's largest art apps
Who do you know? We are looking for private individuals who have experience in investing in start ups and an interest in the art market. I am planning to raise S2-5mio. Please see the presentation here.
Team:
I would like to get Lisa Schiff involved. She has been tremendously helpful in opening doors and providing access. She contributes in three ways:
I) Providing pricelists: From the 230 galleries participating at Frieze and Frieze Master she has provided us with 90 lists until today. This will go up to 120 lists until the fair ends. The others we get ourselves. There is no other person I know who receives as many pricelists AND is willing to share them with us.
Investors: Lisa will approach suitable contacts and pitch our business
Access to the art world: Lisa has opened doors at museums and artists around the world.
I would like to grant Lisa 1.5% from the option pool (documents for your approval are being created now).
Thank you,
Magnus
Money on bank (eom): 210k
Cost Steptember (47k)
Cost August (78k)
Cost July (68k)
Cost June (50k)
Cost May (68k)
Cost April (71k)
Cost March (85k)
I have started to cut costs. Further cost cutting will continue until we have a new investment.
EFTA00998061
EFTA00998059
Keith Fox
CEO
Phaidon
65 Bleecker Street, 8th FL
New York, NY 10012
phaidon.com
See attached. Still trying to figure out if there is an audit.
what was the 30O k expense in 5/2016
I basically have no idea what's going on. My suggestions that I figure out what's going on have been consistently rebuffed. Keith Fox at Phaidon is our liaison.
I know the network data work . all nonsense theyve tried it with hit songs. for years. much more detailed database.. no useful predicitons. , you should audit the books Forwarded message From: Barry J. Cohen <1 Date: Wed, Oct 4, 2017 at 11:05 AM Subject: RE: FW: Update October 2017 To: "jeffrey E." jeevacation@gmail.com
I basically have no idea what's going on. My suggestions that I figure out what's going on have been consistently rebuffed. Keith Fox at Phaidon is our liaison.
From: Jeffrey E. [mailto:jeevacation@gmail.com Sent: Wednesday, October 04, 2017 11:04 AM To: Barry J. Cohen Subject: Re: FW: Update October 2017
what was the 30O k expense in 5/2016
On Wed, Oct 4, 2017 at 10:57 AM, Barry J. Cohen < > wrote:
See attached. Still trying to figure out if there is an audit.
From: Keith Fox [mailto:]
Sent: Wednesday, October 04, 2017 10:18 AM
To: Barry J. Cohen <
Subject: FW: Update October 2017
EFTA00998059
Keith Fox
CEO
Phaidon
65 Bleecker Street, 8th FL
New York, NY 10012
phaidon.com
From: Magnus Resch [mailto:
Sent: Monday, October 02, 2017 11:30 PM
To: Maximilian Straub
Subject: Update October 2017
Dear all,
Here is our quarterly update.
Data Analytics:
We had a major breakthrough here. We have finalize our algorithm together with researchers from Harvard. Please watch this video to understand what this allows us to do.
pwd: hello123
This research is so unique that we have submitted it to the world's ill academic journal, Science. I believe this to be a future revenue
stream.
Marketing:
We signed with Leo di Caprio. We will do a press release in the coming weeks.
EFTA00998060
New Fundraising Round:
We start a new fundraising round now. I am very positive about its outcome. Our key selling points:
I) Most comprehensive art price database in the world, 20% more result than Artnet, 70% more than Artsy.
Revolutionary analytics, validated by the world's leading researchers
One of the world's largest art apps
Who do you know? We are looking for private individuals who have experience in investing in start ups and an interest in the art market. I am planning to raise S2-5mio. Please see the presentation here.
Team:
I would like to get Lisa Schiff involved. She has been tremendously helpful in opening doors and providing access. She contributes in three ways:
I) Providing pricelists: From the 230 galleries participating at Frieze and Frieze Master she has provided us with 90 lists until today. This will go up to 120 lists until the fair ends. The others we get ourselves. There is no other person I know who receives as many pricelists AND is willing to share them with us.
Investors: Lisa will approach suitable contacts and pitch our business
Access to the art world: Lisa has opened doors at museums and artists around the world.
I would like to grant Lisa 1.5% from the option pool (documents for your approval are being created now).
Thank you,
Magnus
Money on bank (eom): 210k
Cost Steptember (47k)
Cost August (78k)
Cost July (68k)
Cost June (50k)
Cost May (68k)
Cost April (71k)
Cost March (85k)
I have started to cut costs. Further cost cutting will continue until we have a new investment.
EFTA00998061
please note
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Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved
please note
The information contained in this communication is confidential, may be attorney-client privileged, may constituteinside information, and is intended only for the use of the addressee. It is the property of JEE
Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved
EFTA00998062