Investor Presentaiton

Venture Market VENTURE INVESTMENT BY QUARTER Billions $30.0 1,416 1,450 1,371 $25.0 1,362 1,400 $27.5 $24.9 $20.0 1,302 $24.7 $23.0 1,350 $19.6 $20.3 $21.1 1,300 $15.0 $19.1 1,229 $15.2 1,211 1,250 $10.0 1,279 $5.0 1,233 1,206 1,200 1,150 $0.0 1,100 Q1-2017 Q2-2017 Q3-2017 Q4-2017 Q1-2018 Q2-2018 Q3-2018 Q4-2018 Q1-19 Investment Deals COMMITMENTS BY YEAR 60 $ in Billions 350 295 300 283 300 50 256 235 224 203 40 192 A 30 250 200 $56 150 $41 20 $36 $36 $33 10 $19 $20 $21 100 37 50 $10 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 YTD Venture Capital ($ B) Number of Funds Source: PWC-Money Tree Report, National Venture Capital Association (NVCA) Number of Funds Number of Deals 55 35

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