IN FACT THE BUYING DEMAND FOR CLOUD SHARES HAS HIT RECORD HIGHS Combined Cloud Liquidity 2010 – 2018, and VC Investments Raised $100.00 $45.00 $90.00 $40.00 $80.00 $35.00 $70.00 V B) $30.00 C ($p $60.00 $25.00 Dol Cat $50.00 s Railar ek $20.00 r $40.00 Ma$ $30.00 $15.00 sed ( $20.00 $10.00 $B) $10.00 $5.00 $- $0.00 2010 2011 2012 2013 2014 2015 2016 2017 2018 M&A IPO VC Dollars Raised S A A S T R A N N U A L 2 0 1 9 S o u r c e : C a p I Q a n d P i t c h b o o k