1. IGNITING INNOVATION! April 21 st 2010

2. VENTURE CAPITAL — CAPITAL EMPRENDADOR 2

3. The Entrepreneurial Funding Continuum 3 SEED/START-UP FUNDING SEED/START-UP FUNDING DEVELOPMENT FUNDING DEVELOPMENT FUNDING EXPANSION FUNDING EXPANSION FUNDING OPPORTUNITY DEVELOPMENT OPPORTUNITY DEVELOPMENT CONTINUED GROWTH CONTINUED GROWTH ANGELS, FOUNDERS & SEED FUNDS VENTURE CAPITAL – GROWTH EQUITY PE - PUBLIC MARKETS VALUATIONS INCREASE BUSINESS RISKS DECREASE MENTORING NEEDS DECREASE $5M-20M$500K-5M $50K-500K >$20MSweat 3

4. 4 Business lending has experienced negative growth and has not kept pace with consumer credit. Companies are starved for growth capital to keep up with the market demand. Mexico’s Lending & Investment Gap SOURCE: Comision Nacional Bancaria y de Valores 4

5. 5 Mexico’s Small and Medium Companies Have Very Limited Access to Capital Source: INEGI and AGC estimates 5

6. 6 A.T. Kearney and Endeavor Studies: Supporting Small & Medium Business will Accelerate México's Economic Growth 6

7. Funding Continuum – Mexico’s Funding Gap 7 SEED/START-UP FUNDING SEED/START-UP FUNDING DEVELOPMENT FUNDING DEVELOPMENT FUNDING EXPANSION FUNDING EXPANSION FUNDING OPPORTUNITY DEVELOPMENT OPPORTUNITY DEVELOPMENT CONTINUED GROWTH CONTINUED GROWTH ANGELS, FOUNDERS & SEED FUNDS VENTURE CAPITAL – GROWTH EQUITY PE - PUBLIC MARKETS VALUATIONS INCREASE BUSINESS RISKS DECREASE MENTORING NEEDS DECREASE $5M-20M$500K-5M $50K-500K >$20MSweat Financing Gap in Mexico 7

8. First PAN governor elected; PRD created Independent Electoral Institute established PRI loses majority in Chamber of Deputies PRD wins D.F. vote NAFTA; Central bank independence Peso crisis; floats currency; receives US bail-out; EFTA; Investment Grade OECD entry First wave of Privatizations AFOREs; stricter accounting standards; repays U.S. bailout Sale of troubled portfolios and intervened banks Fox elected; PRI loses majority in Senate First 30-year fixed rate Peso bond issue US$ Calderon elected GDP (PPP) per Capita from 1990-2009: 3.3% CAGR Mexico’s rising GDP and is paralleled by an improving political and regulatory environment Mexico Market – Promising and Rising Stability 8 8

9. ENDEAVOR’S PORTFOLIO 15.36% CAGR 9 9

10. What Could Mexico’s Entrepreneurs Do If They Had Capital ? 10

11. We are about to find out! 11

12. Filling the Seed and VC Gap in Mexico 12 SEED/START-UP FUNDING SEED/START-UP FUNDING DEVELOPMENT FUNDING DEVELOPMENT FUNDING EXPANSION FUNDING EXPANSION FUNDING OPPORTUNITY DEVELOPMENT OPPORTUNITY DEVELOPMENT CONTINUED GROWTH CONTINUED GROWTH ANGELS, FOUNDERS & SEED FUNDS VENTURE CAPITAL – GROWTH EQUITY PE - PUBLIC MARKETS $5M-20M$500K-5M $50K-500K >$20MSweat 12 Investment Clubs

13. IndustryFinancial Entrepreneurs Government Research Universities Venture Ecosystem Participants 13

14. IndustryFinancial Entrepreneurs Government Research Universities Investment Clubs 140 Families 14 Together we are going to shake things up! ANGELS 14

15. Rogelio de los Santos Managing Director Alta Ventures Mexico rogelio@altaventures.com Thank You 15 Paul Ahlstrom Managing Director Alta Ventures Mexico paul@altaventures.com T +52(81) 8000-7005 15