IPOs/recent issues: Accord Networks –

Petach-Tikva, Israel

Went public 6/29/2000 at $11 apiece

Filing Range: 5 mil. shares @ $10 to $12

Shares Outstanding: 19.88 mil. shares

Underwriters: CIBC World Markets/Dain Rauscher Wessels/US Bancorp

Piper Jaffray

Company Counsel: Alston & Bird

Manager Counsel: Ropes & Gray

Auditor: Kesselman & Kesselman

The Company:

Provides the multimedia conferencing industry with the state-of-the-art MCU product while establishing new standards of excellence in technology, quality and service. Accord’s first product, the MGC-100, is designed specifically for multimedia conferencing. It has a revolutionary new telecom architecture and offers unparalleled throughput capabilities.

Venture Backers:

Advanced Technology Ventures

Norwest Venture Partners

SVM Star Ventures Management GmbH

Gilde Venture Fund

Financing Rounds:

Number of Round Amt.

Round # Round Date Stage Investors $ thousands)

1 05/01/1994 1 Early Stage 1100.0

2 01/01/1995 1 Early Stage 750.0

3 03/01/1996 3 Early Stage 5200.0

4 04/01/1997 3 Early Stage 1400.1

5 07/01/1997 4 Early Stage 4000.0

6 12/31/1997 2 Early Stage 8000.0

7 01/01/1998 1 Early Stage 5000.0

8 03/01/1998 1 Later Stage 9000.0

9 08/02/1999 2 Later Stage 6500.0

Financials:

(Data in $ millions)

Y/E

12/31/99

Total Revenues: $23.36

Net Income: 0.364