The Portfolio of Issuers shown above consists of both direct private investments made at the direction of Maverick Ventures, commencing in February 2015, and direct private investments (excluding PIPES and investments in certain financial intermediaries and investment origination entities) made at the direction of its affiliate, Maverick Capital, Ltd., in operating companies in which the initial investment was made after December 1, 2004 and before December 31, 2014. The list shown above excludes investments (typically, seed round or other early stage investments) in certain issuers which have not yet publicly announced our investment. The Portfolio of Issuers shown above includes investments that have been disposed of by the applicable funds.