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First Round LP Letter Q4 2015
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2 • This deck is Twitter Q4 2015 Earnings Deck

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2
• This deck is part of the Jackdaw Research Quarterly Company Decks
subscription service, and is one of about a dozen similar decks produced
each quarter on major consumer tech companies
• The intention is to highlight trends and patterns which are not always obvious
when merely looking at a spreadsheet
• Accompanying analysis can often be found on our blog at
www.beyonddevic.es
• This is the base tier of a three-tier offering, with higher-priced services
offering access to the underlying data and custom presentations and analysis
• For more information, please visit:

https://jackdawresearch.com/quarterly-company-decks/
INTRODUCTION
JACKDAW RESEARCH QUARTERLY DECKS SERVICE

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2 • This deck is part of the Jackdaw Research Quarterly Company Decks subscription service, and is one of about a dozen similar decks produced each quarter on major consumer tech companies • The intention is to highlight trends and patterns which are not always obvious when merely looking at a spreadsheet • Accompanying analysis can often be found on our blog at www.beyonddevic.es • This is the base tier of a three-tier offering, with higher-priced services offering access to the underlying data and custom presentations and analysis • For more information, please visit:
 https://jackdawresearch.com/quarterly-company-decks/ INTRODUCTION JACKDAW RESEARCH QUARTERLY DECKS SERVICE

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