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Andreessen Horowitz

Important Disclosures

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This material (the “Presentation”) is for informational purposes only and is being furnished on a confidential basis. This Presentation is not an offer to sell, nor a solicitation of an offer to buy, any security or investment product. Any offer, sale or solicitation of interests with respect to any fund managed by a16z Capital Management, L.L.C. (“AHCM,” “AH” or the “Firm”) are made only by means of a confidential offering memorandum (the “Memorandum”), limited partnership agreement, and subscription agreement (collectively, the “Offering Materials”), and will be subject to the terms and conditions contained in such documents in accordance with applicable securities laws. Recipients agree that none of AHCM or its affiliates or their respective partners, members, employees, officers, directors, agents, or representatives shall have any liability for any misstatement or omission of fact or any opinion expressed herein. This Presentation is not intended for general distribution or publication and is strictly confidential. This Presentation and the information contained herein consists of confidential proprietary information and is the sole property of AHCM. By accepting a copy of this Presentation, each recipient agrees that it will, and will cause its directors, partners, officers, employees, representatives, advisors, agents and affiliates, (i) not copy, reproduce, or distribute this Presentation, in whole or in part, to any individual or entity without the prior written consent of AHCM; (ii) keep permanently confidential all information contained herein that is not already public; and (iii) return this Presentation to AHCM upon its request and not retain any copies, extracts or other reproductions in whole or in part. Recipients shall not use any of the information contained herein in any way, directly or indirectly, that is in competition with or detrimental to AHCM and/or any of its affiliates. Additionally, by accepting this Presentation, each prospective investor agrees that this Presentation is being delivered to them subject to the provisions of this disclaimer and any confidentiality agreement entered into between AHCM and each prospective investor.

The information contained herein is preliminary, is provided for discussion purposes only, is only a summary of key information, is not complete, and is subject to change without notice.

AHCM believes the metrics identified herein can be used to analyze the returns attained in realized and unrealized investments. However, any determination as to the driver of returns is inherently subjective, and there can be no assurance that other third-party analyses of this data would reach the same conclusions as those provided herein or would not attribute returns to other factors such as general economic conditions.

In addition to historical information, this Presentation contains “forward-looking statements”. The words “may,” “can,” “will,” “would,” “should,” “seek,” “expect,” “anticipate,” “forecast,” “project,” “hope,” “estimate,” “intend,” “continue,” “target,” “plan,” “believe” or the negatives thereof or other variations thereon or comparable terminology are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors which may cause actual results, performance or achievements of the investments described herein to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. In addition, new risks and uncertainties may arise from time to time. Some important factors which could cause actual results to differ materially from those in any forward-looking statements include changes in economic conditions, political changes, legal and regulatory requirements, exchange rate fluctuations, as well as changes in the markets, prospects, competition or consumer preferences for products or services of any company in which an investment is made, among others. Additional risks of which AHCM is not currently aware also could cause actual results to differ. Accordingly, all forward-looking statements should be evaluated with an understanding of their inherent uncertainty and recipients should not rely on such forward-looking statements. AHCM assumes no obligation to update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available to AHCM in the future.

Forward-looking statements and discussions of the business environment and investment strategy included herein (e.g., with respect to financial markets, business opportunities, demand, investment pipeline and other conditions, including certain information obtained from published sources and third-party sources) are subject to COVID-19. The full impact of COVID-19 is particularly uncertain and difficult to predict, therefore such forward-looking statements do not reflect its ultimate potential effects.

Any securities will be subject to significant restrictions on transfer under the federal securities laws and the limited partnership agreement of the Fund. There is no trading market for the Fund’s securities, and none may ever develop. Therefore, investors should have the financial ability and willingness to accept the high risk and lack of liquidity inherent in an investment in the Fund for an extended period of time.

This Presentation has been prepared from original sources, or other cited data, and is believed to be reliable. However, no representations are made as to the accuracy or completeness thereof. The information in this Presentation is not presented with a view to providing investment advice with respect to any security, or making any claim as to the past, current or future performance thereof, and AHCM expressly disclaims the use of this Presentation for such purposes. The inclusion of any third-party firm and/or company names, brands and/or logos does not imply any affiliation with these firms or companies. None of these firms or companies have endorsed AHCM or its affiliates. References to specific securities in this Presentation are for illustrative purposes only and should not be considered a recommendation to carry out certain securities transactions. It should not be assumed that recommendations made in the future will be profitable or will equal the performance discussed herein.

Statements contained in this Presentation are based on current expectations, estimates, projections, opinions and beliefs of AHCM as of the date hereof. Such statements involve known and unknown risks and uncertainties, and undue reliance should not be placed thereon. Unless otherwise noted, information herein that was obtained from published sources and third-party sources does not reflect the most recent impact of COVID-19. Economic and industry conditions have since significantly deteriorated, and AHCM believes such conditions have adversely affected such data and estimates, which are likely to be revised significantly. Neither AHCM nor any of its affiliates makes any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein and nothing contained herein should be relied upon as a promise or representation as to past or future performance of any entity. Unless otherwise noted, the information contained herein is unaudited and may be preliminary and subject to change, and AHCM and its members, partners, stockholders, managers, directors, officers, employees and agents do not have any obligation to update any of such information. Certain figures in this Presentation may have been rounded. Unless otherwise noted, statements herein reflect AHCM’s opinions and beliefs regarding general market activity, industry or sector trends or other broad-base economic or market conditions. These opinions are not a reliable indicator of future performance or opportunities and actual events will vary from those described herein and may do so materially and adversely. There can be no assurance that historical trends will continue during the life of any of the funds. In addition, certain information contained herein has been obtained from published and non-published sources and/or prepared by third-parties (including portfolio company management), and in certain cases has not been updated through the date hereof. While such information is believed to be reliable for the purposes of this presentation, AHCM assumes no responsibility for the accuracy or completeness of such information and such information has not been independently verified by it.

The contents herein are not to be construed as legal, business, or tax advice. Each recipient should conduct its own independent analysis of the data referred to herein and consult with its own counsel and advisors.