...Image-Based Peer-to-Peer (P2P) Marketplace OfferUp = Ramping Faster than eBay @ Same Stage... OfferUp vs. eBay GMV Growth, First 8 Years Since Inception $16 $12 eBay OfferUp ) B $8 ($ MV G $4 $0 0 1 2 3 4 5 6 7 8 Year Since Inception Source: OfferUp, company filings, and KPCB estimates. Note: Shown on a calendar year basis and in nominal dollars. eBay was launched in 1995 and OfferUp in 2011. KPCB INTERNET TRENDS 2016 | PAGE 94