1. Slow Ventures: A Venture Capital Firm Specializing in Seed-Stage & Early-Stage Technology Investments
Tiburon Research
February 12, 2019

2. Slow Ventures Comments Founded in 2009
Founded by Kevin Colleran, Sam Lessin, & Dave Morin
Based in San Francisco, CA
2 offices
Founder: Dave Morin
Web site: slow.co
Source: 2/8/19 Facebook Web Site; 2/8/19 Crunchbase Web Site; 2/8/19 Linked In Web Site; 11/30/18 Slow Ventures Form D; Tiburon Research & Analysis

3. Slow Ventures was Founded in 2009 and Has Subsequently Evolved Through its Early, Middle, & Recent Phases
Slow Ventures
History
Slow Ventures
Founded
Slow Ventures Today
Early
Phase
Middle
Phase
Recent
Phase
Approximate Dates:
2009
2019
Key Steps:
1939: Slow Ventures founded
XXXX: --
XXXX: --
XXXX: --
Source: 2/8/19 Crunchbase Web Site; 2/8/19 Securities & Exchange Commission (SEC) Web Site; 2/8/19 Linked In Web Site; Tiburon Research & Analysis

4. Slow Ventures was Founded by Kevin Colleran, Sam Lessin, & Dave Morin in 2009
Comments
Founded in 2009
Founded by Dave Morin, Kevin Colleran, & Sam Lessin
Based in San Francisco, CA
2 offices
Founder: Dave Morin
Source: 2/8/19 Crunchbase Web Site; 2/8/19 Linked In Web Site; 11/30/18 Slow Ventures Form D; Tiburon Research & Analysis 3 3

5. Slow Ventures Funds Raised
Slow Ventures Has Raised Funds, Including Slow Ventures I, Slow Ventures II, & Slow Ventures III (Page 1)
Slow Ventures
Funds Raised
Slow Ventures I
Slow Ventures II
Slow Ventures III -- --
Raised in 2005
Raised in 2016
$145 million assets under management --
Source: 2/8/19 Medium Web Site; Tiburon Research & Analysis 4

6. Slow Ventures Has Raised Funds (Page 2)
Funds Raised -- -- -- -- -- -- -- --
Source: Tiburon Research & Analysis 5

7. Slow Ventures is Not a Frequent Advertiser
Advertising
Comments --
Source: Tiburon Research & Analysis 6

8. Slow Ventures Has a Web Site with Four Core Sections, Including Companies, Medium, Twitter, & Facebook
Slow Ventures
Web Site
Slow Ventures
Web Site
Companies
Twitter
Facebook
Medium
Source: 2/12/19 Slow Ventures Web Site; 2/8/19 Slow Ventures Web Site; Tiburon Research & Analysis 7

9. Slow Ventures is Not a Frequent Acquirer
Acquisitions
Comments --
Source: Tiburon Research & Analysis 8

10. Slow Ventures Has a Charitable Giving Program
Comments --
Source: Tiburon Research & Analysis 9

11. Slow Ventures Has Two Offices, Consistent Since 2018
2019 = 2/8/19
Slow Ventures
Offices
2018 = 2/8/19
Source: 2/8/19 Linked In Web Site; Tiburon Research & Analysis 10 10 10

12. Slow Ventures’ Offices Include Cambridge, MA & San Francisco, CA
New York, NY
Slow Ventures
Offices --
San Francisco, CA
Cambridge, MA
Source: 2/8/19 Twitter Web Site; 2/8/19 Linked In Web Site; Tiburon Research & Analysis 11 11

13. Slow Ventures Has Employees
Needs data
Slow Ventures
Employees
1-10 employees (2/8/19)
Source: 2/8/19 Crunchbase Web Site; Tiburon Research & Analysis 12 12

14. Slow Ventures Has Raised Funds
Needs data
Slow Ventures
Funds
Source: Tiburon Research & Analysis 13 13 13

15. Slow Ventures Has Institutional Investors
Needs data
Slow Ventures
Institutional Investors
Source: Tiburon Research & Analysis 14 14 14

16. Slow Ventures Has Raised Assets
Needs data
Slow Ventures
Assets Raised
($ Millions)
Source: Tiburon Research & Analysis 15 15 15

17. Slow Ventures Has Made 375 Investments, Consistent Since 2018
2019 = 2/8/19
Slow Ventures
Investments
2018 = 2/8/19
16 lead investments (2/8/19)
Source: 2/8/19 Crunchbase Web Site; Tiburon Research & Analysis 16 16 16

18. Slow Ventures’ Investments Include Facet Wealth-- --
Source: 12/7/18 Financial Planning; 11/7/18 Financial Planning; 9/25/18 RIA Biz; 9/10/18 Venture Beat; 9/10/18 Echelon Partners (Mulder); Tiburon Research & Analysis 17 17

19. Slow Ventures Has Invested Capital
Needs data
Slow Ventures
Invested Capital
($ Millions)
Source: Tiburon Research & Analysis 18 18 18

20. Slow Ventures Has $XX Million Assets Under Management
Needs data
Slow Ventures
Assets Under Management
($ Millions)
Source: Tiburon Research & Analysis 19 19 19

21. Slow Ventures Has Portfolio Companies
Needs data
Slow Ventures
Portfolio Companies
Source: Tiburon Research & Analysis 20 20 20

22. Slow Ventures’ Portfolio Companies Include Facet Wealth
Investments
Facet Wealth -- --
Source: 12/7/18 Financial Planning; 11/7/18 Financial Planning; 9/25/18 RIA Biz; 9/10/18 Venture Beat; 9/10/18 Echelon Partners (Mulder); Tiburon Research & Analysis 21 21

23. Slow Ventures Generates Revenues
Needs data
Slow Ventures
Revenues
($ Millions)
Source: Tiburon Research & Analysis 22 22 22

24. Slow Ventures Earns $___ Million
Needs data
Slow Ventures
Net Profits
($ Millions)
Source: Tiburon Research & Analysis 23 23 23

25. Slow Ventures Has Two Businesses, Including…-- --
Source: Tiburon Research & Analysis

26. Slow Ventures’ First Business is…
Comments --
Source: Tiburon Research & Analysis 25 25

27. Slow Ventures’ Second Business is…
Comments --
Source: Tiburon Research & Analysis 26 26

28. Slow Ventures is Led by its Founder Dave Morin
Organizational Chart
Dave Morin
Founder
Will Quist
Managing Director
Scott Marlette
Partner
Kevin Colleran
Sam Lessin
Note: Kevin Colleran co-founded the firm in 2009; Sam Lessin co-founded the firm in 2009; Scott Marlette; joined the firm in 2015; Dave Morin co-founded the firm in 2009; Will Quist joined the firm in 2015
Source: 2/12/19 Linked In Web Site; 11/30/18 Slow Ventures Form D; Tiburon Research & Analysis

29. Slow Ventures Has a Board of Directors Led by its Chairman…-- -- -- -- -- -- -- -- -- --
Source: Tiburon Research & Analysis

30. Slow Ventures is Privately Owned
Comments --
Source: Tiburon Research & Analysis

31. Slow Ventures Has Assets
Needs data
Slow Ventures
Assets
($ Millions)
Source: Tiburon Research & Analysis 30 30 30

32. Slow Ventures Has Liabilities
Needs data
Slow Ventures
Liabilities
($ Millions)
Source: Tiburon Research & Analysis 31 31 31

33. Slow Ventures Has Shareholders’ Equity
Needs data
Slow Ventures
Shareholders Equity
($ Millions)
Source: Tiburon Research & Analysis 32 32 32

34. Slow Ventures Earns … Per Share
Needs data
Slow Ventures
Earnings Per Share
Source: Tiburon Research & Analysis 33 33 33

35. Slow Ventures Declares … Dividends Per Share
Needs data
Slow Ventures
Dividends Per Share
Source: Tiburon Research & Analysis 34 34 34

36. Slow Ventures Has a … Dividend Yield
Needs data
Slow Ventures
Dividend Yield
Source: Tiburon Research & Analysis 35 35 35

37. Slow Ventures’ Stock Price is …
Needs data
Slow Ventures
Stock Price
Source: Tiburon Research & Analysis 36 36 36

38. Slow Ventures Has … Shares Outstanding
Needs data
Slow Ventures
Shares Outstanding
Source: Tiburon Research & Analysis 37 37 37

39. Slow Ventures’ Market Capitalization is …
Needs data
Slow Ventures
Market Capitalization
($ Millions)
Source: Tiburon Research & Analysis 38 38 38

40. Slow Ventures is Owned by ….
Needs data
Slow Ventures
Ownership
By Owner
Source: Tiburon Research & Analysis 39 39 39

41. Slow Ventures’ Stock Volume is….
Needs data
Slow Ventures
Stock Volume
Source: Tiburon Research & Analysis 40 40 40

42. Tiburon Strategic Advisors
Comments
Focus on corporate-level strategy
Serve senior executives only at financial services companies
Key services: market seminars, market research, & strategy consulting
Served over 450 corporate clients and completed over 2,200 projects since 1998
Host semi-annual CEO Summits, offer free weekly research releases, and offer free business benchmarking tools for all types of advisors
Chip Roame background
McKinsey & Company
Charles Schwab & Company
Tiburon since 1998
Source: Tiburon Research & Analysis