EFTA01089485.pdf

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 BAN BRAD BROCK PAUL SI LIDI iLNS S I LPI-ILINS PILNCL STEPHENS • Stephens Inv. Mgmt. • Stephens Inv. Mgmt. • Bitcoin Foundation • Robertson Board Member Stephens & Co. • Ivanhoe Capital • Fidelity Ventures • Founded 15x Startups • RS Investments • Oncology.com • CSFB Experience • Raised > $200M • Duke University • E*Trade Group • Furman Selz Endowment • Invested in > 25x • Princeton • Duke Startups • UC Berkeley Endowment Founded 8 crypto 40 Years in Silicon I #2 U.S. Long/Short Hedge Fund* currency startups and Valley Investment Recognition often referred to as the Management and 2.5x Venture Fund, 11.5% IRR father of digital currency 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 Stephens IM r 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  Crypto Currency Successful Track Record of Home Runs Partners PRIVATE PUBLIC RelatelQ Valued 2014 25.0x 4RI tencent.com 2014 77.0x 2004 8.1x 2009 39.0x illumina 2008 6.9x ucauropARTs. 2010 5.6x RUPTURE* 2008 5.0x GLOr SYSTEMS 2011 5.1x 2014 tbd %- r1C5CIFT * 2007 3.4x ADDEPAR Private and Public Exits Through Multiple Market Cycle www.ccp-Ip.com I4 EFTA01089488  Crypto Currency Brock Pierce — "Father of Digital Currency- Partners Industry Leader and Bitcoin Foundation Spokesperson Board Member • Protocol Access and guidance Singularity University I MILKEN INSTITUTE • Regulatory insight and influence • Thought leader exposure (! 1) c New 1 Jodi Tinto:, Patrick Murck THE WALL STREET JOURNAL. General Counsel USA TODAY_ Gavin Andreesen Chief Scientist Repeat Entrepreneur and Digital Currency Visionary www.ccp-Ip.com [5 EFTA01089489  i ) Crypto Currency Brock Pierce — Serial Entrepreneur Teif Partners • Founded (Crypto): • Founded (non Crypto): • GoCoin (payment processor) • IGE (2001-2007) • expresscoin (retail exchange) • Zam (2004-2012) • ZenBox (ATM / remittance network) • IMI Exchange (2004-present) • Zoomhash (cloud / hardware mining) • Xfire 2.0 (2011-present) • Blade Financial (Bitcoin debit card) • Playsino (2011-present) • Noble Markets (institutional exchange) • Five Delta (2012-2014) • Coin Congress (conference) • GamesTV (2005-2007) • Evertune (2008-present) Repeat Entrepreneur and Digital Currency Visionary www.ccp-Ip.com 6) EFTA01089490  Crypto Currency Crypto Currency Partners 1, LP Partners CDAUTHY b bex.io 9 BitGo 'VlBitFury Gem Change • *expresscoin = coinsetter /RI KraKen 7ILedgerX DO SLNLOT xapo 41P4PID The First Dedicated Bitcoin Venture Fund www.ccp-Ip.com 17 EFTA01089491  Crypto Currency , Crypto Currency Partners I, LP # Partners Google ventures khosla ventures 500 AMPLIFY Startups 4FCAPITAL st Round FRE V, LIGHTSPEED BENCHMARK VENTURE PARTNERS TRIBECA VENTURE PARTNERS -6 P Combinator RADAR 0 PARTNERS RANTER A Bitcoin Shc , Inc. *FORTRESS Ribbit Capital ME MIEN • • ••• FOUNDERS FUND 13-'-ost SVAnc el Redpoint GREYLOCK CAPITAL ANA( LMt~I liC Co-invested with the leading VCs investing in Blockchain/Bitcoin www.ccp-ip.com [81 EFTA01089492  Crypto Currency CCP II - Strategy and Make-up 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  Crypto Currency CCP II - Investment Approach Partners GROWTH VERTICALS RIGOROUS Consumer PROCESS • Exchanges VALUE-ADD • Remittance • Deep Global Domain • Digital Wallets Knowledge • Recruiting • Extensive Networks Infrastructure • Business HISTORICAL • Side Chains • Proprietary Deal Flow Development VENTURE • Blockchain Apps • Primary Investigative RETURNS • Capital Introduction • Mining Due Diligence • M &A • Exhaustive Enterprise Management / • Multi-sig workflow Industry Interaction • Payment Gateways • Financial Tools www.ccp-Ip.com (10) EFTA01089494  Crypto Currency CCP II - Contributed Investments 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  Crypto Currency CCP - Advisory Board / Investors • 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 ecosystem www.ccp-Ip.com 12 1 EFTA01089496  " y Crypto Currency CCP II - Summary of Terms y # Partners FUND SIZE $20M I TERM 6 - 8 Years FEE / INCENTIVE 2.5% / 25% GP CONTRIBUTION +2.5% Fund or +$500k I INVESTMENTS 15-20 ($250k - $1m per deal) STRUCTURE Called Capital, BTC Accepted www.ccp-Ip.com ( 13 EFTA01089497  Crypto Currency CCP II — Service Providers Partners Administration / CFO Kranz & Associates I Legal Sidley Austin Tax / Audit Crawford Pimintel Bank Silicon Valley Bank I Custodian Merrill Lynch Bitcoin Vault Xapo WWW.CCp-Ip.COM 1 14 ) EFTA01089498  Crypto Currency Summary 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