Sequoia Capital Market Presentation Deck

DEPENDENT ON THE KINDNESS OF STRANGERS 70% 60% 50% 40% 30% 20% 10% 0% Foreign Ownership of US Treasuries % Total Market Capitalization 60 62 64 66 68 70 72 74 76 78 80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 Source: Bridgewater

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