Global venture-backed exit activity 2010 — Q2'17 $60 600 $50 500 $40 400 $30 300 $20 200 $10 100 $0 0 1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q 2010 2011 2012 2013 2014 2015 2016 2017 Exit value ($B) Exit count Source: Venture Pulse, Q2'17, Global Analysis of Venture Funding, KPMG Enterprise. Data provided by PitchBook, July 13, 2017. As exit values have stayed relatively robust, with some quarterly variations, liquidity prospects are not yet overly troubling. However, as venture-backed selling volume continues to slide quarter over quarter, investors with aging holdings are likely to grow more attuned to exit opportunities. © 2017 KPMG International Cooperative (“KPMG International”). KPMG International provides no client services and is a Swiss entity with which the independent member firms of the KPMG network are affiliated. #Q2VC