The Move to a Fully Digitized World and How it Affects Us

EXPONENTIAL TECHNOLOGIES

THE FIFTH ERA DIGITAL ECONOMY - NEXT PHASE

PAST TWENTY YEARS

Connectivity

Accessibility

Interactivity

Flexibility

Scaleability GREATEST WEALTH CREATION EVER

- POPULATION GLOBAL PROFIT - GDP PER CAPITA X POOLS IN FLUX - GLOBALIZATION WORLD’S MOST VALUABLE COMPANIES US’S RICHEST PEOPLE

1. Bill Gates 14. Steve Balmer 2. 15. Sheldon Adelson 3. 16. Jacquelin Mars 4. 17. John Mars 5. 18. George Soros 6. 19. 7. 20. Michael Dell 8. David H. Koch 21. Laurene Powell Jobs 9. Larry Page 22. Len Blavatnik 10. Sergey Brin 23. Paul Allen 11. S. Robson 24. Charles Ergen 12. 25. Carl Icahn 13. 68% FIRST GEN, 72% TECH, 88% GLOBAL HIGHEST RETURNING ASSETS

ANNUAL RETURNS OVER 25 YEARS (%)

Barclays Govt Bond Index 3% S&P 500 10% Nasdaq Composite 11% Late Stage VC Index 12% US VC Index 24% Early Stage VC Index 32% US ACCREDITED HOUSEHOLD PARTICIPATION

MORE THAN 97.5% ON SIDELINES WEIGHT OF INERTIA: 1. INDUSTRY 2. INTERESTS 3. NO ACCESS & MISINFORMATION FIXING THE INTERNET

“The Web as I envisaged it – we have not seen it yet.

The future is still so much bigger than the past”

Sir Tim Berners-Lee, Christ Church, Oxford DIGITAL ECONOMY - NEXT PHASE

PAST TWENTY YEARS TODAY’ ISSUES

Connectivity Concentrated

Accessibility Insecure

Interactivity Opaque

Flexibility Old World Payments

Scaleability Old World Assets BLOCKCHAIN

THE FIFTH ERA BLOCKCHAIN VS CRYPTOASSETS VS ICO’S

What is Blockchain? What are Cryptoassets? What is an ICO?

A blockchain is an open, Any form of asset that only An initial offering of distributed ledger that can exists digitally, that usually a cryptoasset to the record transactions has no central issuing or public – a form of between two parties regulating authority but technology enabled efficiently and in a verifiable instead uses a crowdfunding and permanent way decentralized system. MOIP “The one thing that’s missing, but that will soon be developed, is a reliable e-cash, a method whereby on the internet you can transfer funds from A to B, without A knowing B or B knowing A.”

Milton Friedman, 1999

Source: Pantera Capital DIGITAL ECONOMY - NEXT PHASE

PAST TWENTY YEARS TODAY’ ISSUES NEXT TWENTY YEARS

Connectivity Concentrated Distributed

Accessibility Insecure Secure

Interactivity Opaque Public

Flexibility Old World Payments Digital Payments

Scaleability Old World Assets Digital Assets MOST ACTIVE VENTURE INVESTORS

Entity 2017 Investments Keiretsu 139 New Enterprise Associates 137 Accel 112 500 Startups 104 Y Combinator 92 Google Ventures 81 Kleiner Perkins 72 Bessemer Ventures 69 Greycroft 65 Sequoia Capital 62

Source: Pitchbook, 2017 KEIRETSU CAPITAL FAMILY OF FUNDS

Deployment Date Investments

Co-Investment Fund I Nov 2014 (Closed) 42

Co-Investment Fund II Dec 2015 (Closed) 44

Co-Investment Fund III Dec 2017 (Closed) 39

Real Estate Fund I April 2016 (Open) 15

Co-Investment Fund IV Oct 2018 (Open) 0

Blockchain Fund of Funds 2018 (Open) 8-10 Funds Keiretsu Blockchain Fund Of Funds

• Blockchain Fund of Funds • Not Crypto/ICO focused • Max 99 investors • $7m/55 investors to date • Allocations to 8 leaders • 1% & 10% fee structure

* 1kx and Fabric in process BCP, FPV, PANTERA SELECTED INVESTMENTS MATTHEW C. LE MERLE [email protected]

415 994 4320