Page 1 TOMASZ TUNGUZPARTNER / REDPOINT TOMTUNGUZ.COMPage 2 IPOs + M&Ascompanies fundedbillion managedPage 3 Page 4 INVESTMENT OUTLOOKFORSAASPage 5 WHERE ARE WE IN SAAS PENETRATIONPage 6 Page 7 Page 8 Page 9 KEY METRIC IN 2016: PROFITABILITYPage 10 Page 11 Page 12 Page 13 THE SAAS FUNDRAISING MARKET IN 2016Page 14 Page 15 -18% -15%-26%Page 16 Page 17 66% of Founders Believe in 2016 Fundraising Will be Somewhat or Much HarderPage 18 Page 19 Page 20 SERIES A BENCHMARKSOF PREMIUM SAAS COPage 21 Selection Bias: Premium SaaS Companies Sample Size Bias: N is 10-15 per Year NOTES Projected 12 Month Rev Growth Rate Median: 4.9xPage 22 Page 23 Page 24 Page 25 Page 26 Page 27 ROLE OF METRICSIN VALUATIONPage 28 Page 29 Page 30 Thank You