Greylock Partners Expands U.S.

Fund XIII to $1 Billion,

Announces Greylock Growth

Menlo Park, CA, March 1, 2011—Greylock Partners, a Silicon Valley venture

capital firm, today announced the expansion of Greylock XIII to $1 billion. The
expansion capital was raised entirely with existing limited partners and was
oversubscribed. In addition, Greylock announced the formation of Greylock Growth,
a fund focused on later stage financings in breakout consumer Internet and
enterprise companies.

“Greylock Growth is the next phase of an explicit later stage strategy put in place five
years ago with our initial investment in Facebook,” says David Sze, Partner at
Greylock and leader of the growth initiative. “The deep operational and
entrepreneurial backgrounds of our investing team have always been valued by
entrepreneurs seeking to build ‘winner’s circle’ companies. As the Internet has
evolved it has become increasingly clear that continuous product innovation is
critical to a company’s success, whether it is a seed stage start-up or an
independent, industry-leading business. With Greylock Growth, we plan to invest
$25 million to $200 million at a time to help companies in the ‘winner’s circle’
maintain their dominant positions while they continue to grow and expand.”

Since Greylock’s initial Facebook investment in early 2006, approximately 40% of

the firm’s dollars have gone toward later stage companies. This portfolio includes
companies such as Constant Contact, Groupon, Pandora, Redfin and Zipcar. Pandora
and Zipcar are currently in registration with the Securities and Exchange
Commission.

Greylock Partners initially closed $575 million for Greylock XIII in November 2009.
The firm is an investor in a number of early stage companies through this fund,
including Airbnb, One Kings Lane, Pure Storage, Rally Software and Shopkick.

Greylock Discovery Fund has completed 20 seed stage investments since it was
launched in September 2010. Investments from this fund range between $25,000
and $500,000 and do not require the extensive diligence and partnership approval
process that accompanies a traditional Series A financing. Greylock Discovery Fund
is managed by Reid Hoffman, Partner at Greylock and Co-Founder and Executive
Chairman of Greylock portfolio company LinkedIn, also in registration with the
Securities and Exchange Commission.
“With the Greylock Discovery Fund for angel deals, Greylock XIII for early stage
deals, and now Greylock Growth for later stage deals, we can actively partner with
entrepreneurs across all stages of a company’s life,” says Reid Hoffman.

“Greylock Growth positions Greylock Partners to build on its long history of backing
attractive growth companies and working with them to enhance their prospects for
success,” says David Swensen, Chief Investment Officer at Yale University. “In
structuring the new fund, Greylock maintains its strong tradition of promoting
alignment of interests with the firm’s limited partners. Having benefited from
Greylock’s top-tier returns for more than two decades, Yale University looks
forward to continuing its long standing and extremely productive relationship with
Greylock Partners.”

About Greylock Partners

Greylock partners with entrepreneurs to help them build market-leading
businesses. Over the past 45 years the firm has worked with hundreds of
companies, 150 of which have gone on to IPOs and 100 of which have gone on to
profitable M&A events. Such companies include Ascend Communications,
CheckFree, Constant Contact, Continental Cable, Decru, Data Domain, DoubleClick,
Internet Security Systems, Legato, Media Metrix, Millennium Pharmaceuticals,
Openwave, Open Market, OutlookSoft, Polyserve, Red Hat, RightNow Technologies,
Success Factors, Tellabs, Trilogy and Wily Technology. Current Greylock portfolio
companies include Apptio, Cloudera, Data Robotics, Facebook, Groupon, Imperva,
LinkedIn, One Kings Lane, Palo Alto Networks, Pandora, Picarro, Redfin, Workday
and ZipCar.

For more information about Greylock Partners, visit our Web site
(www.greylock.com) or blog (www.greylockvc.com) or follow us on Facebook
(http://www.facebook.com/greylock) or Twitter (@greylockvc).

Press Contact:
Erika Brown Ekiel
Greylock Partners
Office: 650-358-2818
Mobile: 650-245-5822
ebekiel@greylock.com