From: Kosslyn Stephen <1 To: Epstein Jeffrey <[email protected]> Subject: two things Date: Thu, 16 Jan 2014 16:58:12 +0000 Hi JEE.. I hope all's well by you. Let me know a time to chat; I think I understand the gist of the LLC arrangement. And I thought you might find the following missive interesting (from Ben Nelson). Be well! S. Hope you had a great holiday season and new year. I wanted to share a letter with you that I am sending to the many friends of Minerva later this week. This fall, we will welcome our first students to San Francisco where they will embark on an educational journey like no other. Though we have quite a year ahead of us, I wanted to take a moment to reflect on the milestones achieved as we continue to build an extraordinary university experience without equal for the brightest, most motivated students from around the world. A Look Back — The Faculty, The Schools and An Accessible Education Two years ago this month, I began the funding process for the creation of Minerva. I explained to prospective investors that several things would have to be true for Minerva to become a reality. At the time, the entire list looked highly improbable, including the required initial capital to put Minerva together. Yet, Benchmark Capital among the world's most respected venture firms, took what is perhaps the single biggest bet on one person's idea in the history of Silicon Valley. Even so, I could not have imagined then how far we would actually come in converting the vision of Minerva into a reality in 24 short months. The Minerva Schools at KGI Last summer, we joined with the forward-thinking KGI (Keck Graduate Institute), a WASC regionally accredited institution, to launch the Minerva Schools at KG (currently pending WASC approval). Since its inception 15 years ago, KGI has been the most influential pioneer in graduate applied life science education in the world — and now with Minerva — is looking to have similar impact acros