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Menlo Park, CA, February 9, 2010 ʹ Redpoint Ventures today announced that it has closed
Redpoint IV, a $400 million early stage, venture capital fund. Redpoint IV will be used to back
entrepreneurs and companies that will accelerate innovation in the social and mobile Internet,
cloud computing and clean technology spaces. In the past six months, Redpoint entrepreneurs
have realized significant liquidity, totaling nearly $2B in aggregate market value including: the
IPO of Fortinet, and the acquisitions of LifeSize, WiChorus, Networks in Motion, and Kazeon.
Additionally, portfolio companies Calix and Solyndra have filed for their IPO.

"This latest Redpoint fund will help entrepreneurs fulfill their dreams in a world of promising
opportunity, and signals an exciting period for early stage investing over the next five years,͟
said Geoff Yang, founding partner of Redpoint Ventures. "We continue to
find entrepreneurs who have brilliant ideas and an increasingly strong desire to change the
world. We are committed to invest in those entrepreneurs, to stand behind their ideas and to
help them achieve their goals."

Redpoint͛s mission from the start has been to stand behind entrepreneurs to build businesses
that shape the future. Redpoint͛s collective strength and experience as a team has produced
strong results investing in companies such as Danger, Fortinet, HomeAway, MySpace, LifeSize,
RightMedia, and Zimbra. Redpoint has also invested in emerging leaders including: 2tor,
Answers, BlueKai, Clearwell, Envia, Gaia Online, Heroku, Jumptap, and Scribd.

͞As the worldwide leader of online vacation rental listing, our goal is to become a well-known
alternative to hotels for vacation travelers. HomeAway represents nearly 430,000 vacation
rental home listings across more than 120 countries,͟ said Brian Sharples, CEO of
HomeAway.com. ͞Redpoint, as our earliest investor, has helped support and guide the
company since the beginning.͟

͞We had a vision of democratizing publishing and changing the way people express themselves
through the written word, and we sought out investors who are passionate about what we
want to achieve,͟ said Trip Adler, CEO of Scribd, the largest social publishing company in the
world. ͞The Redpoint team stands behind what we are trying to accomplish and has been an
invaluable source of advice about how best to navigate the evolution of our business and our
industry.͟ Scribd currently hosts more than 10 million documents read by tens of millions of
readers each month.

͞We are highly selective about how we invest in this current economic climate and only choose
partners that are in a position to help accelerate game-changing companies,͟ said Fred Giuffrida,
Managing Director of Horsley Bridge Partners. ͞Redpoint has a proven history of identifying
and enabling disruptive technologies that have a lasting impact on the world.͟

For more information on Redpoint visit www.redpoint.com and for accompanying sound bites
visit www.entertonement.com/RedpointVentures.

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Redpoint Ventures has helped entrepreneurs build innovative businesses that defy convention,
shape the future, and change the world. From early investments in industry pioneers like
MySpace, Netflix, TiVo, and Juniper to companies such as RightMedia, Zimbra, LifeSize, Danger,
Fortinet and Solyndra ʹ we stand behind our entrepreneurs helping them go all the way to the
top. With our deep experience and focus on quality, we offer entrepreneurs a culture and
approach that values mutual respect, meaningful relationships, and an intense commitment to
succeed. Redpoint (http://www.redpoint.com) was founded in 1999 and currently has over $2
billion under management. Its partners have been involved in 38 IPOs and 63 upside
acquisitions. The firm is headquartered in Menlo Park, CA with offices in Los Angeles and
Shanghai, China.

Media Contacts:

OutCast Communications, for Redpoint Ventures

Amy Swanson, 415-392-8282
ASwanson@outcastpr.com

Lindsay Mecca, 415-392-8282

lmecca@outcastpr.com