Strategic Learnings 5 minutes What’s the “diff” on the investor presentation (i.e. if you were to write your investor presentation today, what would be different)? ● Initially believed A about market; now know B ● Expected early adopters to be X, but turns out they are Y and Z ● Forecasted growth at certain speed, realized that was too slow/too fast ● Changes in the competitive landscape David Sacks “What have you learned about the market since the last board meeting?”