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December 19, 1999 Forms New Venture Capital Fund
Barrington Partners Raises $10 Million to Fund Seed-Stage Internet Start-ups Closes $26.5 Million Financing Round from Top Venture Capital Firms
eFrenzy Secures $8 Million in Funding From Trinity Ventures And Neocarta Ventures

Cahoots Closes $17 Million in First-Round Funding Toward $100 Million in Total Financing Announces $15.5 Million Funding Led by Menlo Ventures

Tellme Networks Secures $47 Million in Financing Led By Benchmark, Kleiner Perkins and The Barksdale Group

Billpoint Founders' New Startup Gets $2-Million First Round

1 - Forms New Venture Capital Fund

REDMOND, Wash., Dec. 17, 1999 - (Nasdaq: INSP - news), a leading provider of infrastructure services to Web sites, merchants and wireless devices, today announced the formation of the Venture Capital Fund in order to pursue strategic investments in start-up Internet companies that are synergistic to's business. (Photo: Newscom: will contribute $30 million to the Fund that will go into effect on January 1, 2000. Bernee Strom, who has served as president and chief operating officer at, will become president of the Fund and will continue to serve as a director of Ms. Strom was a significant contributor to during its IPO and early growth period and has extensive experience in the facilitation and growth of new Internet initiatives.

``There are a lot of opportunities for to align with the Internet start-ups that have innovative ideas and talent,'' said Naveen Jain, chairman and CEO, ``We feel Bernee is uniquely qualified to help us identify those opportunities that will be strategic and beneficial for's long term growth.''

About, Inc. is a leading global Internet information infrastructure services company. provides infrastructure services to consumers, merchants and wireless devices.'s affiliate network consists of more than 2,100 Web sites. The Company's affiliates include AOL, Microsoft, Disney/InfoSeek's GO Network, NBC's Snap, Lycos, go2net Inc., DoubleClick, Dow Jones (The Wall Street Journal Interactive Edition) and ABC LocalNet, among others. In addition, the Company provides services to a network of wireless Internet devices including PCs, cellular phones, pages, screen telephones, television set-top boxes, online kiosks, and personal digital assistants. These include relationships with Acer America, AT&T Wireless, Nokia, Nextel, Sprint, Mitsui, Lucent and @Home.

This release contains forward-looking statements relating to the Company's business that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. The words ``believe,'' ``expect,'' ``intend,'' ``anticipate,'' variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could affect the Company's actual results include the success of the venture fund, seasonality, the rate of adoption by advertisers of the Internet as an advertising medium, market acceptance of the Company's products and services and competition. A more detailed description of certain factors that could affect actual results include, but are not limited to, those discussed in the Company's Annual Report on Form 10-K, in the section entitled ``Factors Affecting's Operating Results Business Prospects And Market Price Of Stock.'' Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.

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2 - Barrington Partners Raises $10 Million to Fund Seed-Stage Internet Start-ups

BELMONT, Calif. - Dec. 17, 1999 - Barrington Partners, a venture catalyst partnership in Silicon Valley and Boston, announced today that it has raised $10 million to expand its commitments of seed capital to Internet start-up ventures.

Notable successes in Barrington's current portfolio of seed investments include: (Nasdaq:EELN - news),, and E-Loan achieved a successful IPO in June of this year. SpeedyClick was purchased by ShopNow (Nasdaq:SPNW - news) in November. And, zip.Realty recently raised $16 million in a second round of financing lead by Benchmark Capital.

Other seed-stage Barrington investments include, Malleable Technologies Inc.,,, and OptimiZe Solutions Inc.

``The quick closing of our latest fund confirms our strategy of working closely with entrepreneurs at the seed stage,'' said John McDonough, Managing General Partner of Barrington Partners. ``Our mission is to provide the first capital to founding entrepreneurs, enabling them to prove the business concept, round out the management team, and create the market traction that leading venture capital funds demand.

``Essentially, Barrington is the bridge between concept and company.''

Juan Mini, CEO of zipRealty said, ``It was critically important to us to align our company with smart money sources, especially at the seed stage. zipRealty had the luxury of being over subscribed in our seed round. We chose Barrington Partners over other investment firms because of their proven value added capability, and we are very pleased with the results.''

Additionally, Barrington announced that it has received notice from the United States Small Business Administration that it has passed the SBA's initial management review and has been invited by the SBA to file a formal licensing application. ``The SBA sets a high bar for funds in the SBIC program,'' noted John McDonough. ``Barrington Partners is proud to have received this public acknowledgement of the strength of our fund management team.''

About Barrington Partners:

Barrington Partners, founded in 1998, provides seed capital to Internet start-ups with compelling new ideas for high service, low cost, worldwide commerce. It delivers seed capital, an extensive network of contacts, and operational management expertise. The Partnership maintains offices in Silicon Valley and the greater Boston area. For more information visit:

Barrington Partners
Joe McDonough, 650/637-1902

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3 - Closes $26.5 Million Financing Round from Top Venture Capital Firms

Investors See as E-Tail Leader and Pioneer in Capturing the `Breathing' Market

SAN FRANCISCO - Dec. 17, 1999 - (, the multi-channel e-tailer offering products, services and information to help people breathe happier and healthier, today announced that it has raised $26.5 million from leading venture capital firms, anchored by Hummer Winblad Venture Partners and Oak Investment Partners.

Existing investors Doll Capital Management (DCM) and Baccharis Capital, Inc. also contributed to the investment.

`` has demonstrated great leadership and vision in creating a new consumer market for `breathing','' said John Hummer, co-founding partner of Hummer Winblad Venture Partners and new board member. ``Its multi-channel business strategy -- with a Web site, retail stores and catalog -- provides the broadest consumer access to its `better breathing' products, services and information.'', based in San Francisco, has quickly established itself as an e-tail leader in the asthma, allergy and respiratory products and services market, which is valued at more than $30 billion in the United States alone. As one of the only consumer companies to establish a multi-channel strategy from inception, has made impressive inroads in the untapped and underserved ``breathing'' market to date.

According to Gerald Gallagher of Oak Investment Partners, `` has a unique opportunity to do something that is very important and quite valuable for their customers. Oak is excited to be a part of this process.''

``We will do for air what Brita did for water -- make air a commodity that people think twice about to be healthier,'' said Soon-Chart Yu, founder and CEO of ``We are meeting consumer demand in the `breathing' market by creating a brand that people can trust to help them breathe happier and healthier.

``This financing endorses our business model and allows us to expand our Internet and catalog operations, and introduce retail stores in new markets, including New York and Chicago, in 2000.''

`` is a pioneering company that will prove the speed and magnitude of the next generation of category killers that uses the Web as a turbo-charger,'' said senior DCM partner, David Chao, whose firm incubated the concept. ``Because of the overwhelming need for a one-stop shop in the `breathing' and allergy market,'s first mover position will allow them to dominate this category.''

``This latest investment is a direct reflection of our continued belief in their talented management team and multi-channel strategy,'' said Noel Perry, partner at Baccharis Capital, Inc. launched its Web site, first retail store and mail-order catalog in May 1999. Since then, the company has amassed a growing network of strategic alliances with leading on-line health portals, providing easy access to ``better breathing'' products for millions of on-line users.

In addition, it recently announced that is the `Pharmacy of Choice' on's Web site, an agreement that allows to sell prescription and nonprescription medications through its site.

About Hummer Winblad Venture Partners

In 1989 Hummer Winblad Venture Partners was created as the first venture capital firm focused exclusively on software. As the software industry has grown from PC software to enterprise computing to Internet applications, the firm has been at the forefront -- funding the entrepreneurs and ideas that helped define these markets.

Hummer Winblad believe that innovative software will increasingly be the core driver of competitive advantage within companies, will underlie valuable services to consumers and corporations, and will change the economics of entire industries.

About Oak Investment Partners

Oak Investment Partners,, is a venture capital organization dedicated to helping new enterprises emerge as tomorrow's industry leaders. Oak was founded in 1978 and has organized nine partnerships with over $2.6 billion in committed capital. Oak has sponsored over 300 companies with aggregate annual revenues in excess of $60 billion.

Oak's investment portfolio includes such leading companies as Compaq, Exodus,, Inktomi, Office Depot, P.F. Chang's, PETsMART, PictureTel, and Oak's most recent partnership, Oak IX, was organized in September 1999 and is capitalized at $1 billion.

About Doll Capital Management (DCM)

Doll Capital Management is a leading early-stage venture capital firm, headquartered in Menlo Park, Calif., that invests in communications and Internet companies. The firm's partners have many years of operational and company-building experience and have funded some of the world's leading communications and Internet companies, including Alantec,, Bridge (3Com), Centillion Networks,, Foundry Networks, InterNap, IPivot (Intel), and UUNet.

The firm prides itself on being a friend and a mentor to the management team, in addition to providing active value-added assistance in business development and relationship networking. For more information on DCM, please visit or call 650/233-1400.

About Baccharis Capital, Inc.

Baccharis Capital is a proud investor in, a company helping people to breathe better. As a private venture capital partnership, Baccharis is committed to finding people and companies that make products and services with both economic and social value. Internet start-ups are the primary focus of the fund. (e-commerce and content), (home base of environmentally conscious consumers), AdventureSeek (active travel portal), and (student services) are some representative Internet portfolio companies. Natural and organic foods, educational toys, and educational software have been major industry focus areas for the fund.

About is a multi-channel e-tailer dedicated to helping people, in particular those with allergies and asthma, breathe happier and healthier. Through its Web site, retail stores and catalog, is the first, consumer-branded, complete source for products, information and advice about ``better breathing'' and asthma, allergy and respiratory management.

The company's products include anti-allergen and hypoallergenic bedding, air purifiers, vacuum cleaners, bath and beauty products, toys, dust control products, odor control products and asthma management products. For more information, visit the Web site at or call 888/4MY-NOSE.

Leigh Bohmfalk, 415/618-6138
Suzanne Parker, 415/356-1040

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4 - eFrenzy Secures $8 Million in Funding From Trinity Ventures And Neocarta Ventures

New Funding and Recently Hired CEO and CTO Give eFrenzy Resources And Leadership to Be the Premier Online Services Marketplace

SAN FRANCISCO, Dec. 15, 1999 - eFrenzy®, the premier online marketplace for buyers and sellers of services, today announced the close of an additional $8 million in funding, bringing the total amount of funds raised to date to nearly $10 million. The capital comes from previous investor NeoCarta Ventures, as well as new investor Trinity Ventures. The financing will allow eFrenzy to continue its rapid growth, enhance its patent-pending matching technology and aggressively execute its vision of a global online marketplace for services.

This funding, along with the recent addition of CEO Stephen Lake, formerly of iVillage, and CTO Noah Mercer, formerly of, will allow eFrenzy to execute its vision of establishing a global marketplace that matches buyers and sellers of services. When the online marketplace is launched early next year, eFrenzy will offer buyers virtually any type of service from home and personal to business and everything in between. The eFrenzy site will provide a simple and intuitive forum where, regardless of time and geography, buyers can post their service requests and sellers can submit their profiles. eFrenzy will match buyers with the selection of sellers that best suits their needs and will enable buyers and sellers to rate their overall experience with one another.

According to Forrester Research, $220 billion in sales of services will shift from the offline world to the Internet by 2003. By securing funding from two leading venture capital firms with proven experience in emerging technology, electronic commerce, and consumer branding, eFrenzy is in a position to emerge as a leader in the new online services marketplace category.

``The creation of an online marketplace will redefine the services industry. This funding will allow us to help busy people eliminate the hassle of finding quality service providers, for both personal and professional use,'' said Stephen Lake, CEO eFrenzy. ``Trinity and NeoCarta are leading venture capital firms dedicated to building Internet commerce and emerging technology companies. Their industry knowledge and expertise will be key to helping us execute on our vision.''

Trinity Ventures, which focuses on early-stage investing in electronic commerce, communications, software and applications services, is providing $5.5 million in funding to eFrenzy. Trinity recently closed Trinity VII, a $300 million venture capital fund, and currently has a portfolio of more than 100 companies including BabyCenter,, Starbucks, Jamba Juice, NextCard,, Blue Nile, and Quokka.

``eFrenzy is taking advantage of an untapped market by elevating the promise of the Internet to the next level for buyers and sellers of services,'' said Tod Francis, general partner, Trinity Ventures. ``The company's powerful matching technology and superior business model will put eFrenzy in the lead in this market.''

NeoCarta Ventures, which invests in Internet business to business, consumer-related and commerce-enabling startups, is adding $2.5 million of funding to its original investment of $1.25 million, for a $3.75 million total investment in eFrenzy. NeoCarta recently announced the closing of its $275 million fund that will be used exclusively to invest in the area of Internet commerce. Prior investments from NeoCarta's partners include Audible, Be Free, CareerBuilder, CBS Sportsline, and Preview Travel.

``We are excited to provide eFrenzy with additional capital and to continue to advise them on their strategic direction. The addition of Lake and Mercer has given eFrenzy an extremely solid foundation since our initial investment and adding this new round of funding strengthens eFrenzy's position even more,'' said Karin Kissane, managing director, NeoCarta Ventures.

About Trinity Ventures

Trinity Ventures manages over $600 million in venture capital. Founded in 1986, with offices in Menlo Park, CA, Trinity has invested in over 100 companies. The firm focuses in early stage investing in electronic commerce, communications, software and application services. For more information, call Tod Francis at 650-854-9500 or visit

About NeoCarta Ventures

NeoCarta Ventures is based in Cambridge, MA., and San Francisco, CA. The Cambridge office is managed by D. Jarrett Collins and Thomas W. Naughton; the California office is managed by Karin Kissane and Tony J. Pantuso. For more information about NeoCarta Ventures, visit the company's World Wide Web site at For more information about NeoCarta Ventures' portfolio, visit

About eFrenzy

eFrenzy is an e-commerce business that will provide the ability for users to transact services, irrespective of time and geography. A privately held corporation headquartered in San Francisco, CA., eFrenzy has received backing from key institutional investors. For more information about eFrenzy, visit our Web site at

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5 - Cahoots Closes $17 Million in First-Round Funding Toward $100 Million in Total Financing

BRISBANE, Calif. - Dec. 15, 1999 - Internet start-up Cahoots announced today its first closing of venture funding totaling $17 million.

The initial investors are blue-chip venture capital firms Sevin Rosen Funds, New Enterprise Associates, Walden International Investment Group, Integral Capital, Vertex and Global Catalyst Partners. This closing is the first toward $100 million of total investment in the company.

Cahoots was co-founded by three Israeli software engineers, who have developed breakthrough technology that dramatically enhances the World Wide Web as a medium for communication, community and e-commerce. Initial seed funding was provided by prominent Silicon Valley entrepreneur Kamran Elahian through his Global Catalyst Partners venture fund.

In addition to serving as chairman and CEO of Cahoots, Elahian is co-founder and chairman of Neomagic Corporation (the market share leader in graphics chips for laptop computers), PlanetWeb (the market share leader in Web browsers for video games and Internet appliances), Centillium (a leading supplier of ADSL ``G.Lite'' networking chips), Actelis Networks (a broadband communication firm) and Schools On-Line (a not-for-profit venture aiming to equip every school in the world with PCs and Internet connections).

``When I met with the Israeli founders of Cahoots, I knew we had an opportunity to change the face of the Web from an impersonal medium to one that involves people and provides a voice to the silent majority of Web users,'' Elahian said. ``The Web today is designed around pages, not people. Cahoots changes that, adding a new, human dimension to the online experience.'' will go live by early 2000.

``We set out to build a technology that gave the Web back to those for whom it was intended: people,'' said Ronen Babayoff, who co-founded with fellow software engineers Yaniv Iny and Elad Hemar. Added John Rizzo, Co-President and Chief Marketing Officer of Cahoots, ``Cahoots personalizes the Web by enabling people to talk to, learn from, and share with their kind of people, anywhere and anytime they want.''

Headquartered in Brisbane, California, with a development center in Tel Aviv, Israel, brings a new dimension in interpersonal communication, community and e-commerce to the World Wide Web.

William O'Leary, 650/624-0590
Bruce Fienberg, 415/439-8385

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6 - Announces $15.5 Million Funding Led by Menlo Ventures

To Fund Growth of Unique ASP Internet Infrastructure Provider

CARLSBAD, Calif., Dec. 15, 1999 -, the leading provider of e-commerce solutions for deploying and managing very large networks of websites, today announced that it has closed $15.5 million in a mezzanine round funding led by Menlo Ventures. The funds will fuel the rapid growth of the company and its Siteman(TM) family of products and services as leads a new e-commerce market space giving large organizations centralized control over large networks of locally-created e-commerce Web sites. In addition to Menlo Ventures, investors in this round of funding include the Company's existing investors Pulsar Venture Group and InveStar Capital, as well as new investors Broadview; Mitsubishi Corporation; ARES International; Vital Processing; and the founders of AboveNet. This round brings the total 1999 investments in to over $21 million and will be used to fund the Company's marketing, sales, product development and other operations requirements.

DuBose Montgomery, General Partner and Managing Director of Menlo Ventures, and Ken Tai, Chairman of InveStar and a co-founder of Acer, will join's Board of Directors.

`` is a very hot company in the ASP Internet infrastructure space. The company is providing a unique solution to very large organizations that enables them to effectively deploy and manage extremely large networks of related websites. Its solutions are targeted at exploding segments of both the 'B2B' and 'B2C' e-commerce market, it already has a strong customer base of world-class companies, and an experienced management team,'' said DuBose Montgomery, General Partner and Managing Director of Menlo Ventures. ``Menlo Ventures sees this as an opportunity to support one of the leading e-commerce infrastructure providers as it continues to roll out its solutions for many of the world's largest organizations.''

``We're pleased to work with such a well-known and successful equity partner as Menlo Ventures,'' said Gari Cheever, President and CEO of ``With Menlo's backing, and that of our other prestigious venture investors and strategic partners, we have the resources to substantially build upon's leadership in the growing market for very large branded Web networks.'' is a leading outsourced provider (ASP) of solutions to rapidly and effectively create and manage content and commerce across large organizations. Its Siteman(TM) family of software products and services provides the means for large organizations to rapidly deploy and maintain centralized control of a distributed network of individual, locally created Web sites. brings to e-commerce a solution that gives organizations such as franchises, associations, portals, corporations and others, centralized control over thousands, even millions, of independent Web sites created by their members, affiliates and customers. provides the first turnkey solution with which multiple affiliated sites can quickly and easily create their very own independent Web sites, all under a common brand umbrella. Large organizations can leverage their well-known brands to support the e-commerce initiatives of their customers and local affiliates, giving them a fast, easy and affordable way to establish their own online sites -- while protecting the corporate brand identity in the virtual world. These large organizations can engage in more localized, targeted e-commerce efforts to sell direct via the Web through local sites, and can preserve and enhance relationships with merchant customers. An entire network of distributed sites can be created using's Siteman or Siteman Storefront in just a matter of a few weeks, and individual site owners can create their sites in a few hours. provides its ASP services on a dual redundant network composed of two separate networks on two different backbones (Sprint and AboveNet) to assure availability.

About Menlo Ventures

Menlo Ventures is a private venture capital firm providing long-term capital and management support to early stage and emerging growth companies. In the past 23 years, Menlo Ventures has invested over $800 million in more than 200 companies in the areas of communications, software and health care technology, that currently have a combined market value of over $120 billion. Menlo Ventures currently has $1 billion under management, including the company's most recent fund, Menlo Ventures VIII, a $500 million limited partnership. Representative investments include F5 Networks, UUNET, Hot Mail, InfoSeek, Ascend Communications, Digital Insight, iBasis, and Clarify.

About InveStar Capital, Inc.

Founded by Kenneth Tai and Herbert Chang in July 1996, InveStar Capital, Inc., specializes in start-up and emerging growth companies in semiconductors, networking, telecommunications, software, Internet and computer peripherals. The company currently has over $180 million under management and has more than seventy portfolio companies. The major fund investors are leading technology companies and financial institutions from Taiwan and the U.S. Successful funded companies include iXL Enterprise, Inc., NetIQ Corporation, Silicon Image, etc.

About ARES International Corporation

ARES International, founded in 1980, has been designated one of the Top 100 fastest growing corporations in Taiwan, and among the Top 500 corporations in Taiwan according to the China Credit Information Service.

About Broadview

Broadview is a leading global investment bank focused on the IT, communications and media industries worldwide. Through a network of over 250 employees operating across the United States, Europe and Asia, the firm assists clients with mergers and acquisitions, restructuring and private financing. The firm is also a private equity investor in these industries in the US and Europe. Over the last 25 years, Broadview has grown to become the world's largest M&A investment bank of its kind, operating across the United States, Europe and Asia. Combining a powerful mix of people, insights, industry knowledge and access plus transaction expertise, Broadview enables clients to capitalize on forces of change and realize opportunities for maximizing shareholder value.

About Mitsubishi Corporation

Mitsubishi Corporation is one of the world's most diverse enterprises. Based in Tokyo, the company's more than 12,000 professionals serve clients through a global network of 42 offices in Japan and 118 offices and subsidiaries in 73 locations overseas. Generally classified as a trading company, Mitsubishi Corporation has decades of experience doing business around the world, experience that has made it more than just a leader in international trade. The company's six business groups -- Information Systems & Services, Fuels, Metals, Machinery, Chemicals and Living Essentials -- work closely with clients to develop new business opportunities.

About Pulsar Venture Group

Pulsar Venture Group, is a member of the Pulsar Internacional group of companies. Pulsar Internacional is a multi-billion-dollar business group with a track record of entrepreneurial success with companies and operations throughout the world. Pulsar Venture Group's mission is to support and develop high tech, entrepreneurial projects, by investing capital, human resources and operations expertise.

About Vital Processing Systems

Vital Processing Services® (Vital®) is the world's recognized leader in technology-based commerce enabling services. As the largest third-party credit card processor in the U.S., Vital's clients include financial institutions and their agents that provide a wide variety of electronic payment processing services to merchants. Vital is a merchant processing joint venture of Visa® U.S.A. and Total System Services, Inc.® (TSYS®) (NYSE: TSS - news; Vital can be found on the Internet at

About is leading a new e-commerce market space with its Siteman family of software and services that gives large organizations centralized control of a distributed network of individual, locally created Web sites. was spun off recently from iXL, Inc. (Nasdaq: IIXL - news), a leading strategic Internet services company.'s customers include, Carlson Wagonlit Travel, Knight Ridder and others. The company was founded by Bob Frankenberg, Chairman, who was previously president and CEO of Novell, and now heads Encanto Networks; Gari Cheever, president and CEO, who was previously executive vice president and chief financial officer at Encanto Networks; and Garland Wong, chief technology officer, who founded CommerceWave and was one of the principal technologists in the development of CyberCash, the first and premiere secure Internet payment system.

NOTE: Siteman and Siteman Storefront are trademarks or registered trademarks of All other product or service names are the properties of their respective owners.

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7 - Tellme Networks Secures $47 Million in Financing Led By Benchmark, Kleiner Perkins and The Barksdale Group

Silicon Valley's Leading Venture Capitalists Kevin Harvey and John Doerr Join Forces With Jim Barksdale and Brad Silverberg Behind Tellme

PALO ALTO, Calif., Dec. 15, 1999 - Tellme Networks, Inc. (, a Silicon Valley start-up company developing an interactive media service that combines the power of the Web with the convenience of the telephone, today announced that it has raised $47 million from leading venture capital firms Benchmark Capital and Kleiner Perkins Caufield & Byers. The Barksdale Group and Brad Silverberg, both previous investors in Tellme, also participated in this round of financing.

Tellme also announced today that Kevin Harvey, a founding partner at Benchmark, has joined the company's board of directors. The board also includes Peter Currie, partner at The Barksdale Group, Brad Silverberg, former member of the Microsoft Executive Council, and Mike McCue, Hadi Partovi and John Giannandrea of Tellme. In addition, John Doerr of Kleiner Perkins and Jim Barksdale of The Barksdale Group will work closely with Tellme to grow the company aggressively.

``This investment underscores both the size of the opportunity we are pursuing as well as the uncompromising quality of our team,'' said Mike McCue, president and CEO of Tellme Networks. ``We're thrilled to be working with three of the best venture capital firms in the world to deliver a popular consumer service that will touch the lives of millions of people every day.''

Both Benchmark and Kleiner Perkins have funded some of the most successful Internet companies to date. Benchmark was an early backer of Ariba, eBay, Red Hat, Scient and Webvan while Kleiner Perkins has funded, America Online,, Excite@Home, and Netscape.

``Benchmark seeks out great teams executing against huge opportunities,'' said Kevin Harvey, partner, Benchmark Capital. ``Each of the Benchmark partners is extremely impressed with both the market opportunity Tellme has defined as well as the world-class team it has assembled. We believe Tellme could become a household name.''

``Tellme's outstanding entrepreneurs and big vision share many similarities with the great consumer companies we've funded in the past,'' said John Doerr, partner, Kleiner Perkins Caufield & Byers. ``Tellme will bring the power of the Internet to millions of people using any phone from anywhere, anytime.''

Tellme is building an interactive media service that combines the power of the Web and the convenience of the telephone. The easy-to-use service will allow consumers to speak simple voice commands into existing and next-generation telephones to receive fast, timely access to a broad range of useful media, commerce and communications services. The company expects to begin rolling out its initial service offerings in the first half of 2000.

``Tellme's impressive team helped build high-impact consumer products and services like Windows, Internet Explorer, Netscape Navigator, Netscape Netcenter, and WebTV,'' said Brad Silverberg. ``The Tellme team has drawn on this collective experience, rallied around a powerful new idea, sought out seasoned venture partners, and now has all the pieces necessary to execute their vision.''

Tellme has assembled a world-class team of Internet and telecommunications pioneers from companies such as America Online, AT&T, Goldman Sachs, Netscape, Nokia, Nuance, Microsoft, Pacific Bell, SpeechWorks, The Gap, and WebTV. The company has also built a strong grassroots college recruiting program at universities such as Harvard, Massachusetts Institute of Technology and Stanford.

Tellme Networks, Inc. is privately held and headquartered in Palo Alto, California. For more information on Tellme, visit or send email to

NOTE: Tellme is a trademark and servicemark of Tellme Networks. All other marks are owned by the respective third parties referenced.

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8 - Billpoint Founders' New Startup Gets $2-Million First Round

REDWOOD CITY, Calif. --, the new startup from the founders of Billpoint, a person-to-person credit card transaction company acquired by eBay, said it received $2 million in initial financing. Investors included N.J. Nicholas Jr., former co-CEO of Time Warner, James Dimon, a private investor, William Berkman of Berkman Associates and founder and director of Teligent, Jed Smith, founder of, and Jon Diamond, chairman of CDNOW and founder of N2K and James S. Greene, partner at Andersen Consulting, Michael Porter, professor at Harvard Business School, and Strauss Zelnick, CEO of BMG Entertainment, and institutional investors Allen & Co. and Oscar Capital Management also participated. is developing technology that enables users to personalize their Web experience. 

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