MATTERMARK 2015 US STARTUP FUNDING REPORT 10 Year Trends in Seed Stage Capital Deployment $3.0 $2.5 $2.0 $1.5 $1.0 $1.1M verage Deal Size (millions USD) A $0.5 $0.0 1.2006 1.2007 1.2008 1.2009 1.2010 1.2011 1.2012 1.2013 1.2014 1.2015 1.2016 120 olume90 60 Monthly Deal V30 0 1.2006 1.2007 1.2008 1.2009 1.2010 1.2011 1.2012 1.2013 1.2014 1.2015 1.2016 Deals 6 Month Moving Average SOURCES: MATTERMARK RESEARCH, CRUNCHBASE, ANGELLIST 9