2. The cycle of innovation is compressing

3. Confidential and Proprietary3 Programming Languages Customer Experience Devices Platform Seamless Integration Web Squared Lifestyle

4. “100 things your kids may never know about” (Wired, 7/09)

5. Blake loves sneakers and sells them in Australia. He wants to sell online but struggles with payments. Problem: Checks & money orders are slow and inconvenient. Consumers prefer cards but individuals & very small businesses can’t accept them. Blake loves sneakers and sells them in Australia. He wants to sell online but struggles with payments. Problem: Checks & money orders are slow and inconvenient. Consumers prefer cards but individuals & very small businesses can’t accept them. Blake Solution: Enable individuals to accept cards & other payment types Enable transactions between distant people who don’t know or trust each other Solution: Enable individuals to accept cards & other payment types Enable transactions between distant people who don’t know or trust each other Electronic payments removed friction in eCommerce

6. Confidential and Proprietary6 Goal: Monetize your applications with global payments capability. Initial Suite of Services in PayPal’s Open Platform