IPOs/recent issues: Paradigm Genetics –

Research Triangle Park, N.C.

Went Public 5/5/300 at $7 apiece

Filing Range: 6 mil. shares @ $7 to $8

Shares Outstanding: 24.96 mil. shares

Underwriters: Chase H&Q

Pacific Growth Equities Inc./Stephens Inc./

JP Morgan & Co. Inc.

Company Counsel:Mintz Levin Cohn Ferris & Glovsky

Manager Counsel: Morgan Lewis & Bockius

Auditor: PricewaterhouseCoopers

The Company:

Develops functional genomics technologies focusing on agriculture by combining genomics with computer science.

Venture Backers:

Polaris Venture Partners

Intersouth Partners

Burrill & Co.

Innotech Ltd.

Kleiner Perkins Caufield & Byers

Williams Communications Group

Financing Rounds

Number of Round Amt.

Round # Round Date Stage Investors ($ thousands)

1 04/25/1997 2 Early Stage $1250.0

2 04/29/1998 4 Expansion 6600.0

3 05/28/1999 4 Later Stage 11667.0

4 03/01/2000 6 Expansion 28525.2

FINANCIALS

(Data in $ millions)

3 MOS.

03/31/00

Total Revenues: $19.3

Net Loss: -8.2