Perplexity · Launch Video Breakdown: Hook, Pacing & Motion Design

Scene-by-scene timeline & spoken transcript

1. 0:00 – 0:07

   The Hook

   Introducing Computer in Your Inbox

   “(No spoken dialogue — The track begins with a sustained, evolving pad sound, accompanied by a subtle, rhythmic synth pulse.)”

   On screen

   Computer works wherever you do. Now it works in your inbox.

   Camera

   Static shot, subtle background animation, then a zoom out to reveal an email client.

   Motion

   Elegant text fade-in and scale, followed by a smooth, controlled zoom-out and reveal of the UI. The background features a subtle, organic, flowing gradient animation.

2. 0:07 – 0:18

   Product Reveal

   Email-Driven AI Task Execution

   “(No spoken dialogue — A high-energy audio transition with a rising synth sweep and a sub-bass drop/impact occurs, introducing a driving electronic beat with 808-style kicks and a prominent, arpeggiated synth melody.)”

   On screen

   MAIL Inbox Sent Drafts Archive Harrow & Lane Project Summit | CIM and process timeline Attaching the confidential information memorandum... Deal Team IC memo template — Q3 revisions Northgate Capital Re: Project Larkspur diligence tracker Aisling Byrne Wednesday pipeline review — agenda Bloomberg Terminal Daily: middle-market credit spreads Corven Advisors Signed NDA — Meridian / Corven Data Room New documents in Project Larkspur REPLY REPLY ALL FORWARD To Subject Fwd: Project Summit | CIM and process timeline computer@perplexity.com Build a first-pass LBO from the attached CIM. Assume ~9x entry on LTM 6/30/26 adjusted EBITDA, 5.5x total leverage, exit at entry. Fully burden EBITDA for capitalized software. Flag anything in the add-back bridge that looks aggressive. Project Summit CIM.pdf Send Reading Project Summit CIM.pdf Extracting the financials Revenue (LTM) 412.6 EBITDA (LTM) 88.4 Debt capacity 5.7x EBITDA Building the LBO model Writing First Pass LBO.xlsx

   Camera

   Close-up on email client, following cursor interaction, then a transition to a process visualization.

   Motion

   Precise UI interaction simulation with cursor movement, text typing animation, and button clicks. A dynamic transition to a flow-chart-like process visualization with animated text reveals and progress bars.

3. 0:18 – 0:34

   Feature Teaser

   Automated Output & Audit Trail

   “(No spoken dialogue — Another significant sub-bass drop/impact is heard at [00:18], followed by a more intense, layered synth arrangement.)”

   On screen

   Perplexity Computer computer@perplexity.com 7:44 AM Taking the first pass with 9.5x entry and fully burdening CapSW. I'll email you the write-up and updated model when it's ready — you can track progress in the Computer thread. Perplexity Computer computer@perplexity.com 7:51 AM First pass attached, with every source pulled from the CIM. Headline: 9.5x entry on $88.4M LTM cash EBITDA ($839.8M EV), 5.7x net leverage, exit at entry in FY2031 → 2.4x / 19.2% IRR. Two flags: • EBITDA is burdened for CapSW. The CIM leads with $96.1M adjusted; I've taken out $7.7M of capitalized software development to get to $88.4M cash EBITDA (21.4% margin vs. the 23.3% they show). Worth noting their 9.5x ask is on the unburdened number, so on their math they're asking $913M, not $840M. • One add-back looks aggressive. They add back $4.2M of "run-rate savings from the February 2026 reorg," but per the org detail on p. 47 only 11 of the 26 roles were out the door by the LTM cut — so call it $1.8M actioned and $2.4M aspirational. Happy to a version with the reorg savings fully haircut. Simply reply to this email. Project Summit - First Pass LBO.xlsx 6 tabs • 218 KB Perplexity Computer Open in Perplexity PROJECT SUMMIT First Pass LBO Analysis Prepared 5 August 2026 CONFIDENTIAL | DRAFT FOR DISCUSSION ENTRY VALUATION ($ in millions) LTM Revenue (6/30/26) $412.6 CIM Adjusted EBITDA $96.1 Less: Capitalized Software Dev. ($7.7) LTM Cash EBITDA $88.4 5.5x % Margin 21.4% Entry Multiple (EV / Cash EBITDA) 9.5x Hold Period (years) 5.0 Exit Year FY2031 Exit Multiple (no compression) 9.5x FY2031 Cash EBITDA $112.7 Fair Enterprise Value $1,156.3 Less: Net Debt at Exit ($350.0) Exit Equity Value $806.3 2.4x IRR 19.1% CAPITAL STRUCTURE Term Loan B (SOFR +4.25%) $84.0 Senior Notes (8.75%) $84.0 Total Funded Debt $504.0 Net Debt / LTM Cash EBITDA Sponsor Equity $335.8 % of Total Capitalization 40.0% Memo: Fees & Expenses (not funded) $21.0 RETURNS – BASE CASE ADJUSTED EBITDA BRIDGE Reported EBITDA (LTM 6/30/26) $79.5 Non-recurring professional fees $3.1 Reorg run-rate savings (as presented) $4.2 Other add-backs per CIM $9.3 CIM Adjusted EBITDA $96.1 Less: Capitalized Software Dev. ($7.7) LTM Cash EBITDA (as modeled) $88.4 Minus: Unactioned reorg savings ($2.4) Diligence-Adj. Cash EBITDA $86.0 KEY DILIGENCE FLAGS Assumptions Debt Schedule Operating Model Resume Sources & Uses + Computer What should we work on? Do anything...| + Q Search Computer Work in a project Turn the Summit CIM into a first-pass LBO with key numbers Flag every change-of-control clause in the merger agreement before signing Track the comp set each morning and tell me what's new Shut

   Camera

   Zoom into email client, then a rapid transition to a spreadsheet view, followed by a quick pan to a web UI.

   Motion

   Scrolling email content, opening an attachment with a quick zoom and pan, then a rapid, almost glitch-like transition to a different UI, emphasizing speed and seamless integration.

4. 0:34 – 0:41.6

   Call to Action

   Perplexity: Computer Works

   “(No spoken dialogue — A final, powerful sub-bass drop/impact with a pronounced synth riser marks a transition at [00:34], leading into a more expansive and energetic section with additional percussive elements and a sustained, bright synth chord progression.)”

   On screen

   Computer works. perplexity

   Camera

   Static shot with subtle background movement, then a zoom out to reveal the logo.

   Motion

   Text fade-in and scale, followed by a dynamic logo reveal with a subtle rotation and scale, all against the flowing gradient background.