IPOs/recent issues: Intuitive Surgical –

Mountain View, Calif.

Went public 6/13/2000 at $9 apiece

Filing Range: 5 mil. shares @ $9 to $10

Shares Outstanding: 34.47 mil. shares

Underwriters: Lehman Brothers/Fidelity Capital Markets/UBS

Warburg/FleetBoston Corp./Bear, Stearns & Co. Inc.

Company Counsel: Cooley Godward LLP

Manager Counsel: Gibson Dunn & Crutcher

Auditor: Ernst & Young LLP

The Company:

Develops and manufacturers proprietary products which it believes represent a fundamentally new generation of technology for surgery. This new generation of surgery, intuitive surgery, is believed by the company to represent an advance similar in scope to the previous two generations of surgery – open surgery and minimally invasive surgery. Intuitive overcomes many of the limitations of existing MIS surgery.

Venture Backers:

Sierra Ventures

Mayfield Fund

Morgan Stanley Dean Witter Capital Partners LLC

Financing Rounds:

Number of Round Amt.

Round # Round Date Stage Investors( $ thousands)

1 12/13/1995 3 Early Stage 5000.0

2 01/28/1997 3 Expansion 30000.0

3 11/01/1997 3 Expansion 17000.0

4 07/29/1998 3 Later Stage 41000.0

5 03/01/2000 3 Later Stage 35310.0

Financials:

(Data in $ millions)

Y/E

12/31/99

Total Revenues: $10.19

Net Loss: -18.41