Sample of the type of unique financing, deal term, pricing,and valuation data found on thousands of private companies in the Valuation & Deal Term Database at www.vcexperts.com (646-290-9254)

1. Tableau Software, Inc.
The “Private Company Valuation Report” by VC Experts is aimed at providing specific deal terms and estimated post-money valuations for the venture-backed company.
Included in the report are national, regional, and industry averages, company comparisons, investment rounds with deal terms, price per share, estimated fully diluted shares,
and valuation trends. VC Experts has compiled this intense level of data from Federal and State regulatory filings as well as strategic partners to aid in better transparency of
private company information.
Table of Contents
Tableau Software, Inc.
Key Management
Investors (current and historic)
Comparable Private Companies
Investment Rounds
Valuation Trends
Methodology for Cost of Capital Benchmark
Methodology for Valuation Ticker
Fair Market Value per Common Share
Filings
Tableau Software, Inc.
Created on 2013-04-04 and authorized by VCExperts.com.
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2. Tableau Software, Inc.
The company provides visual interfaces for databases. The Company provides query and analysis software to companies, offering easy-to-use software applications for fast
analytics and visualization.
Address: 837 North 34th Street, Suite 200, Seattle WA 98103
Geographic Region: Northwest
Industry: Software
SIC Codes: 7372 - Prepackaged Software (reproduction of software)
NAICS Codes: 511210 - Software Publishers
Legal Counsel: Cooley LLP
Company Website: http://www.tableausoftware.com
Key Management Investors (current and Comparable Private
historic) Companies
Tom Walker, CFO
Christian Chabot, Co-Founder, CEO, Director New Enterprise Associates, Inc. 3D Marketing Technologies, Inc.
Chris Stolte, Co-Founder, CDO, Director Undisclosed Firm 6th Sense Analytics, Inc. (Acquired by Rally Software)
Patrick Hanrahan, Co-Founder, Chief Scientist, A10 Networks, Inc.
Director Above All Software, Inc.
Ren Jurgensen, Director Adaptive Planning, Inc.
Elissa Fink, CMO
Kelly Wright, EVP, Sales
Daniel Jewett, VP, Product Management
Jay Peir, VP, Corporate Development
Keenan Conder, General Counsel & Corporate
Secretary
Forest Baskett, Director
Scott Sandell, Director
Brooke Seawell, Director
Investment Data - Preferred
Investment Date Investment Amount Valuation Est. Fully Diluted Shares Preferred Price Per Share
2008-08-25 15.08 $135,792,218 59,297,911 $2.29
Round: Series B National: 29%, Regional: 32%, Industry: 27%
Direction: Up Round National: 55%, Regional: 40%, Industry: 56%
Liquidation Pref.: Pari Passu National: 44%, Regional: 37%, Industry: 49%
Liq. Multiple: 0 - 1x National: 92%, Regional: 88%, Industry: 94%
Stock Type : Conventional Convertible National: 44%, Regional: 37%, Industry: 47%
Anti-Dilution: Weighted Average National: 92%, Regional: 92%, Industry: 94%
Redemption: No National: 56%, Regional: 66%, Industry: 56%
Cumulative Dividends: No National: 74%, Regional: 76%, Industry: 80%
Reorganization: No National: 96%, Regional: 98%, Industry: 96%
2004-08-31 5.0 $25,163,459 53,539,276 $0.47
Round: Series A National: 32%, Regional: 70%, Industry: 43%
Direction: Not Applicable National: 30%, Regional: 70%, Industry: 40%
Liquidation Pref.: Not Applicable National: 30%, Regional: 70%, Industry: 40%
Liq. Multiple: 0 - 1x National: 86%, Regional: 70%, Industry: 92%
Stock Type : Conventional Convertible National: 37%, Regional: 10%, Industry: 38%
Anti-Dilution: Weighted Average National: 88%, Regional: 89%, Industry: 91%
Redemption: No National: 64%, Regional: 40%, Industry: 67%
Cumulative Dividends: No National: 84%, Regional: 80%, Industry: 87%
Reorganization: No National: 89%, Regional: 100%, Industry: 89%
Valuation Trend
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3. Valuation Trend
Valuation Trend
150M
125M
Post-Money Valuation
100M
75M
50M
25M
0M
08/31/2004 08/25/2008
Post-Money Valuation
Highcharts.com
Methodology for Cost of Capital Benchmark
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4. Methodology for Cost of Capital Benchmark
The Cost of Capital Benchmark Chart presents a metric of the company's cost of capital based on whether the deal terms included in its recent financing rounds were "company
friendly" or "investor friendly", with comparisons to East Coast and West Coast averages. For example, if the company issues a security with a liquidation multiple of two, a
cumulative dividend, and full ratchet anti-dilution protection, while the average security issued by other companies in its region at that time had a liquidation multiple of one, no
dividend, and weighted average anti-dilution protection, the Cost of Capital Chart would likely show a higher cost of capital for that financing round in relation to regional
averages.
Relative Cost of Capital Cost of Capital Benchmark
2005 2006 2007 2008 2009 2010 2011 2012
East Coast West Coast Tableau Software, Inc.
Highcharts.com
Methodology for Valuation Ticker
Created on 2013-04-04 and authorized by VCExperts.com.
Copyright © 2013 VC Experts.com, Inc.

5. Methodology for Valuation Ticker
The Valuation Ticker Chart presents the estimated movement of the company's valuation over a year-long period since its last financing round, based on a basket of publicly
traded stocks in its industry sector. For example, if the company's valuation at the time of its last financing round was $100 million, and within a year the value of publicly traded
stocks in its industry sector have increased 30 percent, the chart will show the value of the company increasing to $130 million. Thus, the Valuation Ticker Chart provides you a
more up-to-date estimate of the company''s valuation than you would get by looking at the valuation of its last financing round alone.
Valuation Ticker
160M
140M
120M
Est. Post-Money Valuation: $130,160,731
100M
80M
60M
From 08/25/2008 to 01/22/2010
Tableau Software, Inc.
Highcharts.com
Total Estimated Fully Diluted Shares as of 08/25/2008: 59,297,911
Fair Market Value per Common Share
Created on 2013-04-04 and authorized by VCExperts.com.
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6. Fair Market Value per Common Share
Filing Date Shares Price Per Share
2013-01-17 9,985,502 $9.300000
2012-03-28 4,257,780 $7.170000
2011-10-11 481,249 $5.920000
2008-09-12 1,040,960 $0.420000
2004-10-29 10,707,900 $0.050000
Filings
Created on 2013-04-04 and authorized by VCExperts.com.
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7. VC Experts.com, Inc. Disclaimer: The information contained herein is from sources deemed reliable; it does not, however, purport to constitute investment advice nor does VC
Experts represent that it contains all information concerning the identified Company deemed necessary or appropriate for investment decisions. VC Experts is neither a
broker/dealer nor investment adviser and has no financial interest in the Company analyzed nor in the sale or purchase of any of its securities. The information and data are for
reference purposes only and no implied or expressed warranties or assurances as to its accuracy or completeness are furnished by VC Experts. Estimates of valuation are, as
indicated, estimates based on such information as we found available, the completeness of which is neither represented or guaranteed; users for any purpose are cautioned
and required to undertake and perform their own investigations and due diligence. To the extent that the information incorporates content from specified sources of financial
information, VC Experts disclaims any responsibility for the accuracy or completeness of such content.
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Created on 2013-04-04 and authorized by VCExperts.com.
Copyright © 2013 VC Experts.com, Inc.