ICANN Registry Proposal
Freeman Spogli & Co.
September 29, 2000
We are writing to endorse the application for a new Internet Top Level Domain (TLD)
being submitted by WebVision, Inc. and Group One Registry. Having knowledge of
Web Vision's business model and their Private Placement Memorandum ("PPM")
proposal, we believe it is a sound, well-considered proposal which would be of
substantial benefit to the Inte11lational Internet community and could stimulate the growth
of services available on the Internet. As active and substantial investors in WebVision,
Inc. we believe Web Vision, Inc. has the necessary infrastructure and experience in place
to manage and deliver quality service for ongoing maintenance of the Registry support.
Freeman Spogli & Co. LLC is a privately-owned investment firm, dedicated
exclusively to investing and partnering with management in companies positioned for
growth. Established in 1983, the Firm has a professional staff of 15 individuals with
offices in Los Angeles and New York. Over the past 17 years, Freeman Spogli & Co.
LLC has invested approximately $1.7 billion in 32 portfolio companies with aggregate
transactions value in excess of $11 billion.
In the event the WebVision, Inc. and Group One Registry application is approved by
ICANN, and the new entity is granted the Registry Authority, SCP will seriously
consider an equity investment in this new entity of up to US $5 million (five million US
Dollars) which will be subject to the completion of due diligence and our Investment
Committee's approval. We will be happy to work with ICANN and its representatives
during the application process to help make the WebVision, Inc. and Group One Registry
proposal a success and also answer any questions regarding our involvement in the
Registry going forward.
Very truly yours,
Freeman Spogli & Co. LLC
Mark J. Doran
599 Lexington Avenue, 18th Floor, New York, New York 10022 (212) 758-2555