Sequoia Capital Market Presentation Deck

CONSUMERS BUCKLING UNDER DEBT 15 14 13 12 11 10 Q1'85 HOUSEHOLD DEBT SERVICE RATIO Q2'87 Q3'89 Q4'91 Q1'94 Q2'96 Source: Bureau of Economic Analysis. 86.80 Q4'00 Q1'03 Q206 Q3'07 HOUSEHOLD FINANCIAL OBLIGATION RATIO 20 19 18 17 16 15 Q1'85 Q2'87 Q3'89 Q4'91 Q1'94 Q2'96 DSR DEBT PAYMENTS ON OUTSTANDING MORTGAGES AND CONSUMER DEBT/DISPOSABLE PERSONAL INCOME Q3'98 Q4'00 Q1'03 FOR = ADDS AUTOMOBILE LEASE PAYMENTS, RENTAL PAYMENTS, H/O'S INSURANCE AND PROPERTY TAX PAYMENTS TO THE DSR Q2'05 Q3'07

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