1. IBA Annual Conference
September 2016

2. 39 $16.8B 22% 205+ 350+ AT A GLANCE… YEARS SINCE INCEPTION COMMITTED
CAPITAL
22%
IRR ON $ INVESTED
Net to LP over 20 years
205+
IPO
EXITS
350+
M&A
EXITS

3. NEA CORE STRENGTHS: A WINNING COMBINATION
Scale
One of the world’s largest VC firms with a global platform built over four decades, $17B committed capital over 15 funds and 500+ exits
Diversification
Across sector, stage and geography, NEA is structured for top performance – from our one-fund model to our best-in-class investing practices
Network
We believe being a good partner leads to great things... that philosophy has helped us cultivate a deeply loyal, global network of entrepreneurs, industry leaders and technologists
Team
Across tech, healthcare and services, our team collaborates to achieve greatest insight and best outcomes

4. KEY ADVANTAGES: GLOBAL DIVERSIFICATION, SCALE1
Global Network
1,000+ 5
Investments
Over Decades
Continents US
NEA 13-15 *
SEED VC
ENTERPRISE
CONSUMER
BIOPHARMA
HEALTH
SERVICES
MED
DVCS.
OTHER
TECH: 55%
MED: 31%
*Note: Based on classification at initial investment

5. SOME NEA COMPANIES YOU MAY HAVE HEARD OF…
Ecommerce marketplace
Pending M&A
M&A | Aug (Walmart) for $3B
Seed & Growth | Software & Services
Oncology focused targeted therapeutics
IPO | June 2012; $4.8B market cap
Early | Biopharma
Leading enterprise SaaS for human capital management and financials
IPO | Oct 2012; $13.9B market cap
Growth | Software & Services
Monitoring, analytics and risk
management for agriculture
M&A | Oct 2013 (Monsanto) for $1B
Seed | Software & Services
Data visualization for business intelligence
IPO | May 2013; $4.0B market cap
Early | Software & Services
Local ecommerce
IPO | Nov. 2011; $3.3B Market cap
Early & Growth | Consumer
Ultrasound based medical
device platform
M&A | July 2014 (Merz) up to $600M
Early | Medical Devices
SaaS for event management, web surveys, and marketing
IPO | Aug 2013; $1.4B market cap
Growth | Software & Services
Next-generation online and mobile payments
M&A | Oct 2013 (eBay) for $800M
Growth | Software & Services
SaaS-based customer engagement and energy efficiency company
M&A | June 2016 (Oracle) for $623M
Early | Energy Tech
High frequency spinal cord stimulation to treat chronic pain
IPO | Nov 2014; $2.3B market cap
Early | Medical Devices
Specialty therapeutics targeting gastrointestinal, hepatology
M&A | May 2015 (Horizon) for $1.1B
Early | Medical Devices
affinity enhanced T cell receptor (TCR) engineered T cells to treat hematologic and solid tumor cancers
Note:
7 - $1B + market caps – 2 greater than $500M
Early stage: Climate, tableau, Epizyme, Xoom, Tesaro, Clovis
Mid Stage: Nicira
VGE: Braintree, CVENT, Workday
Biopharma: Epizyme, Tesaro, Clovis
Enteprise/Energy: Climate Corp
Payments/Fin Tech: Braintree, XOOM
SAAS: CVENT, Workday
Systems: Nicira
Currently held public company market caps are approximate at 8/8/16. If exited, public market cap is approximate at exit date.

6. TODAY: A REVOLUTION IN HUMAN HEALTH
STUNNING ADVANCES IN ABILITY TO DIAGNOSE, TREAT DISEASE…
GENOMIC MEDICINE
DISEASE INSIGHT AT MOLECULAR LEVEL
NEW MODEL FOR DRUG DEVELOPMENT
AS SCIENCE, TECHNOLOGY, AND MACRO TRENDS CONVERGE
MAJOR ECOSYSTEM SHIFTS IN DELIVERY OF CARE
UNPRECEDENTED PATIENT/CONSUMER ENGAGEMENT
HEALTHY M&A, IPO MARKETS FUELING CYCLE

7. FIRST-MOVER IN MEDICAL INNOVATION
Transformative
Novel Procedures
Personalized
Medicine
Consumer-Focused Healthcare
Allows us to navigate, capitalize on emerging opportunities, regulatory shifts

8. Computing Platform Evolution Drives Tech Innovation Cycles
Mainframe Computing
1960s
Personal Computing
1980s
Desktop/Internet Computing
1990s
Mobile Internet Computing
2000s
Wearable/VR Computing
NOW
TEXT
GRAPHICS
TOUCH
PRESENCE, MOVEMENT,
LOCATION

9. Tech Disruption Applies to All Industries

10. WHAT IS VENTURE CAPITAL?
Professional, institutional managers of risk capital for innovation
VC funds new ideas that could not be financed with traditional bank financing
Long-term equity investment
Company’s stock is essentially illiquid and worthless until it matures 3 to 8 years later; may reserve 3-4x the initial investment in “follow-on” capital
Follow-on investment provides additional funding for growth; these “rounds” are based on an agreed “valuation”
But, unless a company is acquired or goes public, there is little actual value
Only one in six companies ever goes public and one in three is acquired
Venture capital is more than money
Partners become actively engaged, typically taking a board seat
With a startup, daily interaction with management is common
Limits number of startups in which any one fund can invest

11. SNAPSHOT OF VENTURE CAPITAL INDUSTRY
798 VC firms in existence in 2015, vs. 794 in 2009
$28B in VC capital raised in 2015, vs. $15.4B in 2009
VC investment in 2015 reached $59B, the highest amount since 2000 and the second highest on record
Seed and early stage deals represented 36% by $s; software represented 40% and biotech 13%
Source: NVCA

12. THE INS & OUTS OF VENTURE INVESTING
Annual VC Dollars Invested Vs.VC-Backed IPOs