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500 Startups 1

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The various geographies highlighted in the map result from investments we have made across all 500 Startups funds. 1.  CB Insight https://www.cbinsights.com/blog/2015-early-stage-investors/ 2.  Approximated as of 5/31/2016 and includes the following 500 Startups funds: (a) 500 Startups, L.P. and 500 Startups-A, L.P. (together, “Fund I”), (b) 500 Startups II, L.P. and 500 Startups II-A, L.P. (together,

“Fund II”), (c) 500 Startups III, L.P. and 500 Startups III-A, L.P. (together, “Fund III”), (d) 500 Startups IV, L.P. and 500 Startups IV-A, L.P. (together, “Fund IV”), (e) 500 Startups Annex Fund, 3.  L.P. (“Annex”), (f) 500 Luchadores, L.P. (“Luchadores”), (g) 500 Durians, L.P. (“Durians”), (h) 500 Mobile Collective, L.P. (“Mobile Collective”), (i) 500 Kimchi, L.P. (“Kimchi”), (j) 500 TukTuks, L.P. (“TukT

uks”), (k) 500 Startups JP, L.P. ("Japan”), (l) 500 Startups Istanbul, L.P. ("Istanbul”), (m) 500 Nordics, L.P. (“Nordics”), (n) 500 Falcons, L.P. (“Falcons”), (o) 500 Kulfi, L.P. (“India”), and (p) 500 Fintech, L.P. (“Fintech”), and (q) 500 Startups Canada, L.P. (“Canada”).

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The title “Partner” is used in accordance with customary business practice in the venture capital industry and does not indicate a legal status as a “partner” in a partnership. Headcount includes employees, interns, and contractors as of May 31, 2016.

Dave McClure Christine Tsai Khailee Ng Bedy Yang

500 Startups

130 , 18

Hasan Haider

Santiago Zavala

Rui Ma /

Marvin Liao

Elizabeth Yin

Edith Yeung

Sean Percival

Tim Chae

James Riney

Sheel Mohnot

Pankaj Jain /

Matt Lerner

Krating Poonpol

Natavudh Moo Pungcharoenpong

Binh Tran

Rina Onur

Mat Johnson

Eddie Thai

“”

/

25

,

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500 STARTUPS

, ,

&

Distro

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Legal review Partner approval

1.  https://www.cbinsights.com/blog/billion-dollar-exit-venture-capital/ 2.  https://www.cbinsights.com/blog/unicorn-conversion-rate/

500 Startups –

486 68 ( 14%) 10 . ,

, 2008-2010 ( )

1% . 100

1 2

: “ ”

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The co-investment strategy shown represents 500 Startups and Fund IV’s current investment strategy and may vary at the discretion of 500 Startups Management or Fund IV’s general partner. The Micro Funds listed refer to the following 500 Startups funds: 500 Luchadores, L.P., 500 Durians, L.P., 500 Kimchi, L.P., 500 TukTuks, L.P., 500 Startups JP, L.P., 500 Startups Istanbul, L.P., 500 Nordics, L.P., 500 Falcons, L.P., 500 Kulfi, L.P., 500 Startups Canada, L.P., 500 Mobile Collective, L.P., and 500 Fintech, L.P.

LP

•  •  •  10 & 2

•  , , , , , , , , , , (Mobile Collective), Fintech

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Distro

•  •  ; 100 •  ( ) •  ( ) •  : , , • 

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/ Selected Companies

B2B & SAAS( )

&

( / )

IoT &

&

Companies are representative of investments across all 500 Startups funds and are not necessarily held in Fund IV. Investment themes represented are indicative of 500 Startups’ previous investment themes and while they represent Fund IV’s current investment strategy, this may vary at the discretion of Fund IV’s general partner.

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/ 3 ( 10 )

Companies are a select sampling of investments across 500 Startups funds and will not be held in Fund IV. While Fund IV has not invested in the rounds of financing shown on this slide, at least one 500 Startups fund has invested in one or more rounds of financing for each of these companies. The valuations listed herein are estimated as at March 31, 2016 based on 500 Startups Valuation Policy as set out in the Appendix to this presentation. These numbers provide a snapshot of estimated valuation as at a particular time and may change. Further detail with regard to financing of companies listed on this slide can be found on Crunchbase. A full list of 500 Startups companies is available on request.

30 ( 1 9.9 ) *

– #500“ ”

* * ** * *

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/ 500 Startups

•  4 / (4 x 40 = 160 ) •  $12.5 5% + $50

•  14 1000 -> 200 -> 40 = <5% •  , ( ) •  •  DemoDay 100

Investment strategy and criteria represent current investment model and may vary at the discretion of each Fund's general partner. Terms noted on this slide may vary by investment. A full list of companies financed through the 500 Accelerator program is available on request.

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/ 500 Startups (“Distro”)

•  10 •  ~1-3 , , , , ,

, , •  Distro Dojo 500 Startups

Investment strategy and criteria represent current investment model and may vary at the discretion of each Fund's general partner. Terms noted on this slide may vary by investment. The 500 Startups Distribution Team ("Distro") is involved in both the Accelerator programs as well as the growth marketing ("Dojo") programs. A full list of companies assisted by the Growth Marketing Team is available on request.

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+ 1

50 300-1,000 , 35,000

50 ,

250+ 3,000+

7

35,000

50+

1. Conferences and Events are produced by 500 Startups Incubator, L.L.C. The 500 Startups funds do not participate in any revenue generated by these activities. 2. The numbers represented on this page provide a snapshot of some of our Community-building platforms as at a particular time. They are estimated as of March 31, 2016 and may change.

#500Strong

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/ 500 : PreMoney (Geeks On A Plane)

Geeks On A Plane

Conferences and Events are produced by 500 Startups Incubator, L.L.C. The 500 Startups funds do not participate in any revenue generated by these activities.

, —— ,

Premoney

GOAP

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/ 500 : “Venture Capital Unlocked” VC

“Venture Capital Unlocked” VC VC . , 500 Startups

http://www.500.vc/ •  2016 2 33 (35% , 65% , 10% ) •  2016 7 25 8 5

:

•  , •  AngelList

•  ; •  Preview Day Demo Day

•  • 

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/ Legal Notices This introduction and the accompanying financial information has been prepared solely for persons interested in an introduction to 500 Startups Management Company, L.L.C. ("500 Startups") and shall be maintained in strict confidence. The recipient further agrees that the contents of this overview and accompanying financial information are a trade secret, the disclosure of which is likely to cause substantial and irreparable competitive harm to the Funds and their affiliates. Any reproduction or distribution of this overview and accompanying financial information, in whole or in part, or the disclosure of its contents, without prior written consent from 500 Startups is prohibited. No person may treat this overview as constituting either an offer to sell, or a solicitation of an offer to buy, any interest in any investment fund sponsored or advised by 500 Startups (each a “Fund”), nor may any person treat this introduction as legal, tax or investment advice from 500 Startups. A prospective subscriber for an interest in a Fund must rely solely on the terms of, and the disclosure of information in, such Fund’s final offering memorandum, limited partnership agreement or similar governing agreement and related documents, the only basis on which subscriptions may be made. Each prospective investor in a Fund will be required to execute a limited partnership agreement or similar governing agreement and subscription agreement to effect an investment in such Fund. An investment in a Fund is a high-risk investment which may be available only to qualified individuals or entities that are willing to assume above average risk and limited liquidity with a portion of their net worth. There can be no guarantee that a Fund’s investment objectives will be achieved and an entire loss of principal may occur. Please refer to each Fund’s final confidential offering memorandum, limited partnership agreement or similar governing agreement and related documents for additional information regarding risks and conflicts of interest. This introduction and information contained herein does not purport to be complete and no obligation to update or otherwise revise its content based on current market information or additional due diligence is being assumed. Certain statements, projections, or other estimates herein (including estimates of value, returns and performance) are forward-looking statements and are based upon certain assumptions. Other events that were not taken into account may occur and may significantly affect the analysis. Any assumptions should not be construed to be indicative of the actual events that will occur.