IPOs/recent issues: Accelerated Networks –

Moorpark, Calif.

Went public 6/23/2000 at $15 apiece

Filing Range: 4 mil. shares @ $11 to $13

Shares Outstanding: 49.73 mil. shares

Underwriters: Credit Suisse First Boston/UBS Warburg/US

Bancorp Piper Jaffray

Company Counsel: Brobeck Phleger & Harrison LLP

Manager Counsel: Shearman & Sterling

Auditor: PricewaterhouseCoopers

The Company:

Develops high-speed access and edge networking products for telecom service providers using the latest ATM, Frame Relay, IP and DSL technologies.

Venture Backers:

Onset Ventures

Siemens Venture Capital GmbH

U.S. Venture Partners

New Enterprise Associates

Williams Communications Group

MCI WorldCom

Walden International Investment Group

Windward Ventures

Defta Partners

Financing Rounds:

Number of Round Amt.

Round # Round Date Stage Investors ($ thousands)

1 05/30/1997 6 Early Stage 5600.0

2 05/28/1998 8 Expansion 15336.0

3 03/01/1999 2 Later Stage 30000.0

02/18/2000 8 Later Stage 38299.8

Financials:

(Data in $ millions)

Y/E

12/31/99

Total Revenues: $8.46

Net Loss: -21.22