EFTA01032564.pdf

From: David Fiszel To: J <jeevacation@gmail.com> Subject: Re: I have one for you Date: Sat, 23 Feb 2019 13:55:56 +0000 You should be. I think it's so good, you know from experience these sellers sometimes decide to bail at the last minute when some greedy partner objects to a sale before IPO so i will keep you updated. I just see people canceling their equinox memberships and saying I'd rather spend the time at home than going back and forth with my stuff. I think Peleton is the Netflix of Fitness and expanding category TAM. Wait til it goes Intl, could be a $20b Company. On Feb 23, 2019, at 8:41 AM, J leevacation®gmail.com> wrote: great im in , On Sat, Feb 23, 2019 at 8:06 AM David Fiszel < > wrote: It's not a raise from the company, it's buying these shares from an existing shareholder and it's been hard to get any shares since Tiger has 20% control and adding but these shares are not subject to Right of first refusal. The total size depends on how much the VC wants to sell at this time. They must have made a 6x in 3 years. They said they are thinking of selling between $40m -$70m. Most of Honeycomb capacity will be put into in sidecar co-investment vehicle since our main fund has limited capacity to invest in privates. Once it's public then I can make it a real position. On Feb 23, 2019, at 7:52 AM, J <jeevacation®gmail.com> wrote: how big is the total raise? and whats availble sidecar On Sat, Feb 23, 2019 at 7:24 AM David Fiszel > wrote: I've been busting my ass for 6 Months trying to get Peleton and think we have secured some from a Series D round investor. I think this is my best idea of 2019 and if we go forward pending due diligence it will be a quick close. I'm thinking they will file to go public next few months so that could blow up our transaction but i don't know for sure. We think we can buy at $6.7b valuation and they will list around $10b. The company is killing it and I believe in this connected wellness trend on a global scale. I invested personally $500k last summer at $4.5B and got cut back from $2m. I will put $5m in this co- investment. We hope to have $40m-$70m size for Honeycomb and Honeycomb will be subject to 6 month lock up. Company is growing 70% a year and continues to beat its forecast every year. I love it. This e-mail and any file(s) transmitted with it may contain confidential and/or privileged information. Nothing contained in this e-mail and/or any file(s) transmitted with it constitutes a solicitation or an offer to buy or sell any securities. Use or disclosure of this e-mail or any such files by anyone other than a designated addressee is unauthorized. If you are not an intended recipient (or have received this email in error), please notify the sender immediately and delete this e-mail without making a copy. If this e-mail is misdirected, Honeycomb Asset Management, L.P. and its affiliates do not waive confidentiality or any privilege. EFTA01032564  please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside 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 This e-mail and any file(s) transmitted with it may contain confidential and/or privileged information. Nothing contained in this e- mail and/or any file(s) transmitted with it constitutes a solicitation or an offer to buy or sell any securities. Use or disclosure of this e-mail or any such files by anyone other than a designated addressee is unauthorized. If you are not an intended recipient (or have received this email in error), please notify the sender immediately and delete this e-mail without making a copy. If this e- mail is misdirected, Honeycomb Asset Management, L.P. and its affiliates do not waive confidentiality or any privilege. please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside 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 This e-mail and any file(s) transmitted with it may contain confidential and/or privileged information. Nothing contained in this e-mail and/or any file(s) transmitted with it constitutes a solicitation or an offer to buy or sell any securities. Use or disclosure of this e-mail or any such files by anyone other than a designated addressee is unauthorized. If you are not an intended recipient (or have received this email in error), please notify the sender immediately and delete this e-mail without making a copy. If this e-mail is misdirected, Honeycomb Asset Management, L.P. and its affiliates do not waive confidentiality or any privilege. EFTA01032565