Table: Sometimes A Great Crapshoot

The simplest trick of 1999 day traders was to buy IPOs backed by big-name 
      venture capitalists. But how smart was that, especially if you weren't an 
      insider who got the IPO price? Here's how some of the big VC boys and girls 
      have done for investors on deals launched between Jan. 1, 1999, and June 30 
      this year. Almost all did just fine for themselves.
      
                             no.              avg. return
                             of                since 1st
      Firm                  deals             trading day
      
      THE GOOD
      Bay Partners           6                   169.7%*
      Lightspeed             13                  127.8%
      Crosspoint  Ventures   12                  36.6%
      Kleiner Perkins        23                  31.7%
      
      THE BAD
      MayField Fund          13                  -14.8
      Accel Partners         16                  -27.2
      CMGI@Ventures          5                   -50.6
      Sequoia Capital        23                  -51.7
      
      THE UGLY
      Softbank               17                  -67.2
      Vulcan Ventures        23                  -73.3
      Hummer Winblad         6                   -88.1
      idealab!               7                   -90.6
      
      * RETURNS ARE CAPITALIZATION-WEIGHTED, MEANING HIGHER-VALUED COMPANIES' 
      RESULTS COUNT MORE HEAVILY
      
      DATA: VENTURE ECONOMICS/NATIONAL VENTURE CAPITAL ASSOCIATION; BASED ON TRADING 
      THROUGH 11/8/2000