I have a tremendous amount of respect for the time and thought that goes into crafting this annual report. Virtually no one in the industry does it better than Mary Meeker and team, which is why I set aside time each year to read the memo end-to-end. This year, I attempted the nearly impossible task of distilling the 334 pages down to just my 10 most essential slides. It was both a fun and challenging exercise, more art (and subjectivity) than science. I hope others find the following selection as interesting and useful as I did.