IPOs/recent issues: Storage Networks –

Waltham, Mass.

Went public 6/30/2000 at $27 apiece

Filing Range: 9 mil. shares @ $23 to $25

Shares Outstanding: 88.5 mil. shares

Underwriters: Goldman, Sachs & Co./Wit Soundview Group

Inc./Credit Suisse

First Boston/Thomas Weisel Partners LLC

Company Counsel: Hale & Dorr LLP

Manager Counsel: Ropes & Gray

Auditor: Ernst & Young LLP

The Company:

Provides enterprise data storage outsourcing services to corporations as an alternative to purchasing and managing their own storage systems. The company establishes data repositories in key cities, making it convenient for large companies to outsource their data storage needs.

Venture Backers:

Goldman, Sachs & Co.

Sigma Partners

Van Wagoner Capital Management


Dell Ventures

Global Crossing Ventures

Financing Rounds:

Number of Round Amt.

Round # Round Date Stage Investors ($ thousands)

1 12/01/1998 2 Early Stage 10000.0

2 07/14/1999 5 Expansion 50000.0

3 01/27/2000 8 Expansion 103000.1


(Data in $ millions)



Total Revenues: $6.25

Net Loss: -23.9