Houston Angel Network members:
HTC is pleased to present SnapStream Media to the Houston Angel Network. For
additional information, please contact Rakesh Agrawal, CEO, Co-founder of
SnapStream Media. In addition, I have attached the summary as a Word
document for those of you who have requested it.
As always, your feedback is greatly appreciated.
Best regards,

Glenn Dubin
Director of Business Acceleration
Houston Technology Center
1200 Smith, Suite 2940
Houston, TX 77002
Phone 713-658-1750
Fax 713-668-1744
www.houstontech.org



SnapStream Media - Personal Video Server Technology

SnapStream Media's goal is to use its proprietary networked video management
and streaming technology to become a major infrastructure player in the
booming markets of home digital media delivery and viewing. Chosen as a
finalist for Best of Show at the Consumer Electronics Show 2001, SnapStream
Media software enables any network appliance to watch or stream video over
wireless and wired networks. SnapStream's technology delivers the only
network-centric media solution in the market. More than 150,000 users have
downloaded SnapStream's software since its first beta release and reviews
have been written by both PC Magazine and PC World.

Product

		SnapStream Personal Video Station (PVS) serves as a personal
network-based repository of digital media. Content can be recorded from a
variety of sources including satellite, cable and antenna. Additionally,
through content partnerships, shows can also be "recorded" via a user's
broadband connection.
		The SnapStream.NET Back-end Services allows the company to
provide a variety of services including collection of viewing patterns and
statistics, delivery of customized advertising, and network-based delivery
of video content.
		The company is pursuing a strategy of bundling and
co-marketing to achieve penetration into the market.  In the short-term,
revenues of approximately $5 / subscriber / month will be derived for
services associated with SnapStream PVS.  Longer term, revenues will be
derived from the network-based delivery of video (movies, television shows,
news broadcasts, etc.) to the SnapStream base of viewers.

Market

		The target market is the exploding market of digital media
consumers.
		The Internet appliance market is forecasted to grow to $17.8
billion by 2004 (IDC**)
		Handheld device unit sales doubled in 2000 from 3.6M units
in 1999 to 6.9M units and are expected to grow to 33.5M units ($26B sales)
by 2004 (IDC*).
		The nascent digital home entertainment network market will
grow to $3.3 billion from 2001 to 2004 (Parks and Associates)
		By 2004, home networking device shipments are expected to
reach 29.8M, and 17.6M U.S. homes are expected to have home networks (IDC*).
		Annual shipments of digital video recorders are expected to
reach 12.9M by 2004 (IDC*).

Strategic Partners

		SnapStream Media has established bundling agreements with
leading TV tuner card manufacturers. One partner, Hauppauge Computer Works,
is the U.S. market-leading manufacturer for TV tuner cards.
		The company is in advanced discussions with Intel
Corporation around the bundling of PVS software with Intel Anypoint Home
Networking hardware. The company is also in high-level discussions with
other key home networking companies including 3Com and Linksys.

Competition

		SnapStream's competitors are in the convergence media space
and include companies such as Mediabolic, ZapMedia, and SonicBlue.
		Except for SonicBlue, all companies are in their early
stages and have not begun product sales.
		The technologies and products of these convergence media
companies address only digital audio (as opposed to digital video) giving
SnapStream a strong early-mover advantage.
		SnapStream Media holds technical expertise in the area of
streaming video, rivaled only by streaming video companies Microsoft, Apple
and Real Networks, making it difficult for other companies to compete
		SnapStream's support of consumer operating systems from
Microsoft make it convenient and cost-effective for its software to be
bundled with PCs from companies such as HP, Gateway, Compaq and Dell.
		The company's pending patent covering its networked video
platform will allow the company to further impose barriers to entry for
existing and new market players.
Competitive Advantages

		Network Video Technology - To date, SnapStream Media's
]existing streaming server currently available to the consumer market. Its
networked personal television software (SnapStream PVS) is something for
which the company has filed a patent to protect its intellectual property
position.
		Early Mover Advantage - As discussed above, the company has
a substantial lead in both vision and implemented technology in the area of
digital and networked video in the home.

Organizational Information

	Management Team
		Rakesh Agrawal, CEO & Co-Founder - BA in Computer Science,
BS in Mechanical Engineering, Rice University. 1 year experience at IT
consulting company, American Management Systems; 4 years experience as Vice
President at Piping Technology & Products (Houston manufacturing company),
responsible for international sales team, lead development of on-line system
for vendors and customers.  Extensive professional and community leadership
skills.
		Richard Kuo, CTO & Co-founder - Business Degree, Wharton
School of Business, BS Electrical Engineering, University of Pennsylvania.
One of the first developers involved with MPEG Layer-3 audio encoding (known
today as MP3) in 1994.  3 years experience as consultant with Associated
Bank, Wal-mart Corporation, and Sysco Corporation.

	SnapStream is currently engaged in an effort to further build its
management team.  The company is seeking out individuals with both start-up
company experience as well as domain experience in the area of digital media
hardware and software.  Additionally, the company is in the process of
formalizing its board of advisors with advisors that include a prominent
Houston entrepreneur and the CEO of a publicly traded company ($800M market
cap) based in Silicon Valley.

Financial Projections

Revenue Model Projections
	Year 1	Year 2	Year 3	Year 4	Year 5
Yearly subscription	$60 	$60 	$60 	$60 	$60
PVS bundles	5,000,000	10,000,000	20,000,000	30,000,000
40,000,000
PVS subscribers	62,500	256,250	630,625	1,467,563	2,520,806
Annual revenue	$3,750,000 	$15,375,000 	$37,837,500 	$88,053,750
$151,248,375

Capital

	*	The company seeks to raise $500,000 in an early stage round
of funding.  This round will be followed, within approximately 6 months, by
a series-A round of $1,500,000.
	*	With early-stage funding, SnapStream plans to make technical
improvents to its current prototype product and to establish bundling and
content partnerships with appropriate hardware manufacturers.  The 6 month
goal will be to establish business development relationships that allow
SnapStream software to reach 3M users.

Contact Information

	*	Rakesh Agrawal
		CEO, Co-Founder
		SnapStream Media LLC
		713-644-6240 office
		713-446-7725 cell
	rakesh@snapstream.com

Please note:
Investments resulting from introductions by HTC may involve a high degree of
risk. HTC has neither evaluated nor endorsed the merits of any investment
opportunity presented through its services and makes no recommendations
regarding the appropriateness of particular investment opportunities for
particular investors. Each potential investor must rely on his or her own
judgment regarding the merits of a particular investment opportunity.

 <<HAN summary.doc>>








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