Corporate participation in venture deals in the US 2010 — Q2'17 $14 18% Capital invested ($B) % of total deal count 16% $12 14% $10 12% $8 10% 8% $6 6% $4 4% $2 2% $0 0% 1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q 2010 2011 2012 2013 2014 2015 2016 2017 Source: Venture Pulse, Q2'17, Global Analysis of Venture Funding, KPMG Enterprise. Data provided by PitchBook, July 13, 2017. Corporations and various venture arms have kept up a fervent pace of participating in the overall level of venture financings within the US, maintaining a historically high percentage, with a hefty amount of related VC invested as a result. © 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