Global Technology Financings = Solid Trends in Private Financings... Only 2 Tech IPOs 2016YTD Source: Morgan Stanley, Thomson Reuters Note: YTD Tech IPOs include SecureWorks and Acacia Communications. KPCB INTERNET TRENDS 2016 | PAGE 190

Global Technology Financings = Solid Trends in Private Financings... Only 2 Tech IPOs 2016YTD Source: Morgan Stanley, Thomson Reuters Note: YTD Tech IPOs include SecureWorks and Acacia Communications. KPCB INTERNET TRENDS 2016 | PAGE 190