Epstein Secrets

Founders: Headquarters: Notable Investors: Taavet Hinrikus. Kristo Kaarmann London. England Andreessen Horowitz. IA Ventures. Index Ventures. Richard Branson Returns Valar Cost Basis: $21.0M Current FMV: $138.9M Gross Multiple: 6.6x Date of Initial Investment: 1/8/2013 Pre-Money Valuation at Init

n Horowitz. IA Ventures. Index Ventures. Richard Branson Returns Valar Cost Basis: $21.0M Current FMV:

Try %erg for free CHEWS NotOtAkO,J. KAFSEINA ONOuP a tit Ei AT A GLANCE FEATURES ADD-ONS CUSTOMERS PLANS & PRICING FR:espresentedheron are Livia:Med gross estirnges as of December 31.2015. VALAR VENTURES CONFIDENTIAL & TRADE SECRET I C-2 EFTA00609567 PORTFOLIO / XERO Investment Thesis T

Head of the Farmer in Found 186.821 31.427 180.000' 25.000 180000 28000 1 (6,821). (6.427). (63,822.398) (63.828.823) 100%. 100%. NARROWS RANSON. PAUL ELIE Jeune femme a sa toilette 18.000 12.500 12.500 (5.500) (63.834.323). 100% NARROWS SAME. ANTOINELOULICheval Turc 30,000 25.000 •

D Tanzerin mit gehobenem Rock (Dube W 141) 103.797 , 90.000 90.000 (13,797) (63.654.246). 100% NARROWS DORER, ALBRECHT The Four Horsemen (Brinson 64: Mader 167b) 373.642 360.000 360,000 . (13.642). (63,667.888) 100%. NARROWS DE SAINTAUSIN, GABR Triumph of Pompey: (50% interest) 212.462

LDER. I The Rabbit Hunt 677.344 625.000 625.000 (52.344). (61.711571) 103%. NARROWS INGRES. JEAN.AUGUST Virgil Reading the Maori to Augustus. Livia. and CR 650.250 1500.000 600.000 (50.250). (61.761.821) 40% Met NARROWS BEARDSLEY. AUBREY '.The Achieving of the Sangreal 175.000 125.000 1

NOLDE. EMIL Junges Paar (3XJHK) 150.000 180.000 30,000 30.000 0 APO-01 NOLDE. EMIL Der Prophet 50.000 80.000 30.000 30.000 0 Narrows RANSON, PAUL Jeune femme a sa toilette 20.000 50.000 30,000 30.000 0 AP Narrows VERWER. JOHANN Study of climbing plants on a tree-trunk 470.000 50

rounded by witches 400.000 1,400.000 1.000,000 1,000.000 0 Promised INGRES. JEAN- AUGUSTE- DOMINIQUE Virgil reading the Aeneid to Augustus, Livia, and Octavia drawing [LDB owns 40% of this work. The appraised value shown is for the entire work.] 600.000 1,600.000 1.000,000 1,000.000 0 A

.796). 100% NARROWS DANTE GAB Stu for the Head of the Farmer in 'Found' 31.427 25.000 25,000 (6,427). (57,066,223) 100%. NARROWS .ROSSETTI, RANSON, PAUL ELIE Rhine femme a S8104010 18.000 12,500 12,500 (5.500), (57,071.723) 100%. NARROWS BARYE. ANTOINE-LOURCheval Turc 30.000 25.000 2

HE ELDER, I The Rabbit Hunt 677,344 625,000 625 (52.344) (54.948.971). 100% NARROWS INGRES, JEAN-AUGUST Virgil Reading the Aeneid to Augustus. Livia. and Ot 650.250 1.500.000 600: 00 000 (50.250), (54.999.221) 40%.Met NARROWS BEAROSLEY, AUBREY 1.; The Achieving of the Sangreal 175,000 12

white wove paper BONHEUR, ROSA .10 '4 xil% inches 12,500 12,500 100% 50454 Jeune femme 4 sa toilette Circa 1892 Wash and India ink on paper RANSON. PAUL ELIE 8 x 6'/. inches 12.500 12,500 100% 5C4R9 15,000 100% 4B6GW Northern Sky (Everybody's Happy Nowadays) 2002 Oil on canvas KURTEN

s. the upper left corner made up REMBRANDT VAN RIJN 6 1/2 x 5 % inches 620,000 620,000 100°,".: 4GPGZ Virgil Reading the Aeneid to Augustus, Livia. and Octavia Drawing (Virgile Lisant L'Eneide Devant Auguste. Livia Et Octave) t Dated in pen and prows ink 1809 and rewritten in black chalk 181