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Aeneid, Artificial
, Credit Suisse First
eOriginal, e2enet, FutureNext Consulting,,, Salomon
Smith Barney
, WR Hambrecht +
, Ziff-Davis,

 Closes On a Second Round of Funding

LOS ANGELES– (formerly, a division of
SDN Online Inc., closed its second round of funding, totaling
more than $10 million. Investing in this round were Bear
Ventures, Ridgely Capital, Zone Ventures and Oracle. Bear
Ventures led the round with a $5 million investment. Ridgely
invested $2 million. Zone Ventures, Los Angeles affiliate of the
Silicon Valley Venture Capital Firm Draper Fisher Jurvetson, led
the first round and has participated in this second round. Announces Second Round

SAN MATEO, Calif.– Inc., an online buying service
where sellers compete to give great deals to buyers, closed its
second round of financing in the amount of $7 million from
technology investment firm, Morgenthaler Ventures.
also announced the completion of its marketing and sales
management team including former Coca-Cola executive, Jim
, now vice president of marketing and former
Multiple Zones International executive, Mark Bradley,
appointed vice president of sales.

GE Capital Joins Hat Creek Partners and
Intel as Investors in eOriginal

BALTIMORE– eOriginal Inc. received an additional $6.5
million investment from both GE Capital Corp., a new investor in
the company, and existing investors Hat Creek Partners and Intel
Corp. This additional equity funding brings the company’s total
1999 external funding to $22.5 million. eOriginal’s patented
business process creates Electronic Original documents–unique,
unalterable digital documents–including electronic negotiable
instruments. Completes $2.27 Million Private

SAN JOSE, Costa Rica– Corp., a Florida
corporation (OTCBB: FUNN), announced that it completed an
offshore offering in the aggregate principal amount of $2.27
million dollars. The company issued 648,859 shares of common stock at a price of $3.50 per share. develops distributed wide area network gaming
(Sportbook and Casino) systems, markets its licensee’s
sportsbooks and casinos, and manages daily operations of its
licensee’s sites.

Winfield Capital Corp. Invests in Aeneid

WHITE PLAINS, N.Y.– Winfield Capital Corp. (Nasdaq: WCAP)
announced the closing of an equity investment in Aeneid Corp. of
San Francisco, Calif. Terms of the investment were not
disclosed. Aeneid is building the Internet Information Exchange,
a network of vertical portals allowing business professionals to
gain access to the most recent and relevant industry-specific

Ziff-Davis Agrees to Sell ZDTV Interest to
Vulcan Ventures for $204.8 Million

NEW YORK — Ziff-Davis Inc. (NYSE: ZD; ZDZ) signed a
definitive agreement to sell its 64% interest in ZDTV to Vulcan
Ventures Inc., the investment organization of Paul G. Allen, for
$204.8 million. The transaction is expected to be completed
within 45 days, subject to regulatory approvals. ZDTV will
continue to maintain certain business agreements with ZDNet and
ZD Publishing following completion of the transaction.

Lycos Acquires 10% of

DEERFIELD BEACH, Fla. —, the first
provider of in-flight Internet and intranet services, announced
a strategic alliance with Lycos Inc. (Nasdaq: LCOS), an Internet
portal and online community, to provide intranet and Internet
services to airline passengers. As part of the alliance, Lycos,
Inc. has acquired a 10-percent stake in Inflightonline.
Inflightonline will offer intranet and Internet access with
Lycos content and services.

Artificial Life Establishes Worldwide
Investment Arm

BOSTON– Artificial Life Inc. (Nasdaq: ALIF), a technology
leader of intelligent software robots for the Internet,
announced the acquisition of the remaining 49% of Artificial
Life Ventures Inc., a Boston-based venture capital firm
previously jointly-owned with Cybermind AG, a German holding of
Internet companies. The purchase was made in cash and stock
options. Details of the purchase will not be disclosed. The
company intends to use Artificial Life Ventures as a vehicle for
acquiring leading-edge technology companies that will complement
and add value to Artificial Life’s existing technological
capabilities. Artificial Life Ventures will focus primarily on
the U.S., German, Swiss, and eastern European markets.

WR Hambrecht + Co Begins Internet-based
Private Equity Offerings

SAN FRANCISCO– WR Hambrecht + Co, the online investment
bank, announced the introduction of its online Private
Investments area, which allows accredited investors the
opportunity to invest in venture capital and late-stage private
equity investments directly via the Internet. The Private
Investments Area can be accessed on the company’s home page at To date, the company and its affiliates
have invested nearly $27 million in 16 private deals.

Launches Entrepreneur-To-Entrepreneur Network Web Site

RESTON, Va.– Exit1 Inc., an Internet technology solutions
provider, launched the web site for e2enet Inc., an
entrepreneur-to-entrepreneur network, which operates, develops
and invests in Internet-related businesses. The newly designed
site,, is a destination point for companies that
desire an alternative to traditional venture capital firms and
Internet incubators.

Who’s Who & Where

Smith Barney Announces Expansion

NEW YORK– Salomon Smith Barney announced several senior
appointments, hirings and consulting agreements focused on
expanding the firm’s private equity businesses. Josh
and Paul Gompers, both of Harvard Business
School, have joined SSB to work with the Private Equity Group.
Josh Lerner is a Professor of Business Administration, and Paul
Gompers is an Associate Professor of Business Administration.

Additionally, Salomon Smith Barney has named John
to be deputy head of the Financial Entrepreneurs
Group. John Barber formerly had been a senior managing director
in Salomon Smith Barney’s Public Equity Capital Markets Group.
The firm also announced four new hires in the Firm’s Private
Equity Fund Group: Loren Boston, Neil Banta,
Tina Courpas and Carolyn Choi. All four joined
after leaving Deutsche Banc Alex. Brown’s private equity finance
group (a subsidiary of Deutsche Bank) within the last two

Credit Suisse First Boston Hires Latin
American Internet Team

PALO ALTO, Calif.–Credit Suisse First Boston announced that
it has hired a Latin American banking & research team from
Lehman Brothers. Internet research analyst Will Landers
and investment bankers Emmanuel DeSousa and Adriano
will join the CSFB Technology Group’s global Internet
team. They will focus on Latin American Internet companies.

FutureNext Consulting Appoints Marketing

MCLEAN, Va.– FutureNext Consulting, an e-business and supply
chain consulting firm serving the mid-market, announced the
appointment of Kathleen Barton to vice president of
marketing. Prior to joining FutureNext, Barton served as vice
president of marketing for The Hunter Group. FutureNext
Consulting was formed through a partnership between
Chicago-based private equity investment firm GTCR Golder Rauner
LLC and industry leaders Michael Caggiano and Loren Burnett,
with GTCR committing $75 million in private equity capital.

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