RVII

In pursuing its investment objective, the Company will primarily invest, under normal circumstances, in a diversified portfolio of early-stage and growth-stage private companies, with a focus on private companies that are current or previous participants in the Y Combinator startup accelerator program or companies with a founder or co-founder that has participated in the Y Combinator startup accelerator program. Approximately 500-700 companies join Y Combinator each year. The Company may, however, also invest in companies that are not YC Companies. The Companys investment objective is to seek longterm capital appreciation.