Crypto Currency

Crypto Currency Partners CRYPTO CURRENCY PARTNERS II, LP SEPTEMBER 201 4 One Ferry Building, Suite 255 San Francisco, CA 94111 www.ccp-Ip.com (11 EFTA01089485 Experienced Team in Investing ) Crypto Currency Partners Experience Recognition BAN SI LIDI iLNS • Stephens Inv. Mgmt. • Ivanhoe Capital • Oncology.com • E*Trade Group • Princeton BRAD S I LPI-ILINS • Stephens Inv. Mgmt. • Fidelity Ventures • CSFB • Furman Selz • Duke BROCK PILNCL • Bitcoin Foundation Board Member • Founded 15x Startups • Raised > $200M • Invested in > 25x Startups PAUL STEPHENS • Robertson Stephens & Co. • RS Investments • Duke University Endowment • UC Berkeley Endowment Founded 8 crypto I #2 U.S. Long/Short Hedge Fund* currency startups and often referred to as the 2.5x Venture Fund, 11.5% IRR father of digital currency 40 Years in Silicon Valley Investment Management and Banking • Leaders in Technology Investing • Incubated and Founded Dozens of Startups • 100's of Silicon Valley Investments • Fledge Fund Intelligence, 2004 •-••••••••••••11•11111111111S www.ccp-Ip.com ( 2 ] EFTA01089486 About Stephens Investment Management, LLC r Stephens IM Founded in 2002 by the Stephens brothers Institutional Hedge Funds and Venture Funds Assets Under Management: $150M Decades of Successful Grow h Investing www.ccp-Ip.com 13 j EFTA01089487 Successful Track Record of Home Runs PRIVATE RelatelQ 2014 Valued 2004 RUPTURE* 25.0x 8.1x 2008 6.9x 2008 5.0x 2014 tbd ADDEPAR Crypto Currency Partners PUBLIC 4RI tencent.com illumina ucauropARTs. GLOr SYSTEMS %- r1C5CIFT * 2014 77.0x 2009 39.0x 2010 5.6x 2011 5.1x 2007 3.4x Private and Public Exits Through Multiple Market Cycle www.ccp-Ip.com I4 EFTA01089488 Brock Pierce — "Father of Digital Currency- Industry Leader and Spokesperson Singularity University I MILKEN INSTITUTE (! 1) c New 1 Jodi Tinto:, THE WALL STREET JOURNAL. USA TODAY_ Crypto Currency Partners Bitcoin Foundation Board Member • Protocol Access and guidance • Regulatory insight and influence • Thought leader exposure Patrick Murck General Counsel Gavin Andreesen Chief Scientist Repeat Entrepreneur and Digital Currency Visionary www.ccp-Ip.com [5 EFTA01089489 Brock Pierce — Serial Entrepreneur • Founded (Crypto): • GoCoin (payment processor) • expresscoin (retail exchange) • ZenBox (ATM / remittance network) • Zoomhash (cloud / hardware mining) • Blade Financial (Bitcoin debit card) • Noble Markets (institutional exchange) • Coin Congress (conference) i ) Crypto Currency Teif Partners • Founded (non Crypto): • IGE (2001-2007) • Zam (2004-2012) • IMI Exchange (2004-present) • Xfire 2.0 (2011-present) • Playsino (2011-present) • Five Delta (2012-2014) • GamesTV (2005-2007) • Evertune (2008-present) Repeat Entrepreneur and Digital Currency Visionary www.ccp-Ip.com 6 ) EFTA01089490 Crypto Currency Partners 1, LP CDAUTHY Change /RI KraKen Crypto Currency Partners b bex.io 9 BitGo 'VlBitFury • coinsetter 7ILedgerX *expresscoin = xapo Gem DO SLNLOT 41P4PID The First Dedicated Bitcoin Venture Fund www.ccp-Ip.com 17 EFTA01089491 Crypto Currency Partners I, LP Google ventures FRE V, -6 P *FORTRESS • • ••• FOUNDERS FUND khosla ventures LIGHTSPEED VENTURE PARTNERS RADAR 0 PARTNERS Ribb it Capital AMPLIFY 500 Startups Crypto Currency , # Partners BENCHMARK Combinator RANTER A 13-'-ost SVAnc 4F st Round CAPITAL TRIBECA VENTURE PARTNERS el Redpoint Bitcoin Shc , Inc. ME MIEN GREYLOCK CAPITAL ANA( LMt~I liC Co-invested with the leading VCs investing in Blockchain/Bitcoin www.ccp-ip.com [81 EFTA01089492 CCP II - Strategy and Make-up Crypto Currency y o , Partners Fund Size: $20m Fund position allocation: 60% New CCP 2 investments 25% Follow-ons from CCP 2 15% Follow-ons from CCP 1 Fund Strategy: To leverage our network and industry expertise to find investments that leverage Blockchain technologies and help these portfolio companies disrupt existing businesses. Acc ess to CCP l's early seed deals as well as future d eals www.ccp-Ip.com I9 EFTA01089493 CCP II - Investment Approach Crypto Currency Partners GROWTH VERTICALS Consumer • Exchanges • Remittance • Digital Wallets Infrastructure • Side Chains • Blockchain Apps • Mining Enterprise • Multi-sig workflow • Payment Gateways • Financial Tools RIGOROUS PROCESS • Deep Global Domain Knowledge • Extensive Networks • Proprietary Deal Flow • Primary Investigative Due Diligence • Exhaustive Management / Industry Interaction VALUE-ADD • Recruiting • Business Development • Capital Introduction • M & A HISTORICAL VENTURE RETURNS www.ccp-Ip.com (10) EFTA01089494 CCP II - Contributed Investments Crypto Currency Partners Date Invested $ Amount Details BitGo June `14 $75,000 Series A preferred Coinsetter December `13 $50,000 Convert to Series A expresscoin November `13 $25,000 Convert to Series A, $2.5m Cap GoCoin October `13 $20,000 _Note converted 4.5x in Series A GoCoin October `13 $80,000 Common at $2.5m, 4.5x at Ser A Kraken April '14 $70,000 Series A preferred LedgerX July `14 $50,000 Series A preferred Total $370,000 Current unrealized value — $720,000 SIM and Pierce contributing Bitcoin co-investments at cost to CCP II www.ccp-Ip.com EFTA01089495 CCP - Advisory Board / Investors Crypto Currency • Partners • Bobbly Lee — CEO, BTC China • Will O'Brien — CEO, BitGo • Vinny Lingham — CEO, Gyft (acquired by First Data) • Malcolm CasSelle — CEO, Timeline Labs • Steve Beauregard — CEO, GoCoin • Iftikar Ahmed — partner, Oak Investment Partners • William Quigley — partner, Clearstone Ventures • Matthew Roszak — partner, Tally Capital • Scott Walker — founder ZenBox and ZoomHash • Adam Ettinger — leading Bitcoin legal counsel • Bill Lee — prolific angel investor Built a robust team of Advisors and LPs from Bitcoin ecosy stem www.ccp-Ip.com 12 1 EFTA01089496 CCP II - Summary of Terms FUND SIZE I TERM FEE / INCENTIVE GP CONTRIBUTION I INVESTMENTS STRUCTURE " y Crypto Currency y # Partners $20M 6 - 8 Years 2.5% / 25% +2.5% Fund or +$500k 15-20 ($250k - $1m per deal) Called Capital, BTC Accepted www.ccp-Ip.com ( 13 EFTA01089497 Administration / CFO CCP II — Service Providers Crypto Currency Partners I Legal Tax / Audit Bank I Custodian Bitcoin Vault Kranz & Associates Sidley Austin Crawford Pimintel Silicon Valley Bank Merrill Lynch Xapo WWW.CCp-Ip.COM 1 14 ) EFTA01089498 Summary Crypto Currency Partners CRYPTO CURRENCY PARTNERS 11 First Dedicated Bitcoin Venture Fund Unparalleled Access to Deal-flow Proven Track Records Build ing the Future Leaders in the Bitcoin Ecosystem www.ccp-Ip.com I15 EFTA01089499