Source: Thomson Financial for PWC/NVCA Moneytree Report $0 $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 $1,800 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 YTD Seed/Startup Early Stage Expansion Later Stage Millions Orange County Venture Capital Investment 1995 to 2007