Capital Markets Summer 2020

III

Stepping on the Gas Accelerating Innovation

• Data has indicated that innovation is accelerating across many areas of the economy

I

• As a result, new products and services are diffusing through society faster, disrupting businesses at a greater pace

II

Years from Market Entry to 50% Penetration

Years to Reach 1 Billion Users

III

IV

V

VI

Source: Asymco, Visual Capitalist, company disclosures, Alger estimates.

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