<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
--------------
SCHEDULE 13G
(Rule 13d-102)
UNDER THE SECURITIES EXCHANGE ACT OF 1934*
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
NEXTCARD, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK
- --------------------------------------------------------------------------------
(Title of Class of Securities)
65332K 10 7
- --------------------------------------------------------------------------------
(CUSIP Number)
MAY 14, 1999
- --------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
- ------------------
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however, see the Notes).
<PAGE> 2
CUSIP No. 65332K 10 7 13G
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
Brentwood Associates VII, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 5,089,961 shares of common stock(1)
SHARES -------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
N/A
OWNED BY
------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 5,089,961 shares of common stock(1)
PERSON ------------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH
N/A
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,089,961 shares of common stock(1)
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
(See Instructions)
N/A
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.0% of shares of outstanding common stock(1)
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
PN
- --------------------------------------------------------------------------------
- ---------------
(1) Brentwood Associates VII, L.P. holds directly 5,089,961 shares of common
stock of the Issuer, a portion of which are shares of non-voting common
stock that may be converted into shares of common stock provided that the
holder of the shares will not own more than 9.999% of the voting power of
any class of the Issuer's equity securities. Brentwood VII Ventures, L.P.
is the general partner of Brentwood Associates VII, L.P.
* SEE INSTRUCTIONS BEFORE FILLING OUT!
2
<PAGE> 3
No. 65332K 10 7 13G
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
Brentwood Affiliates Fund, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 205,342 shares of common stock(2)
SHARES -------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
N/A
OWNED BY
------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 205,342 shares of common stock(2)
PERSON ------------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH
N/A
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
205,342 shares of common stock(2)
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
(See Instructions)
N/A
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.4% of shares of outstanding common stock(2)
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
PN
- --------------------------------------------------------------------------------
- ---------------
(2) Brentwood Affiliates Fund, L.P. holds directly 205,342 shares of common
stock of the Issuer. Brentwood VII Ventures, L.P. is the general partner
of Brentwood Affiliates Fund, L.P.
* SEE INSTRUCTIONS BEFORE FILLING OUT!
3
<PAGE> 4
CUSIP No. 374266 10 4 13G
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
Brentwood VII Ventures, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 5,295,303 shares of common stock(3)
SHARES -------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
N/A
OWNED BY
------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 5,295,303 shares of common stock(3)
PERSON ------------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH
N/A
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,295,303 shares of common stock(3)
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
(See Instructions)
N/A
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.4% of shares of outstanding common stock(3)
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
PN
- --------------------------------------------------------------------------------
- ----------------
(3) Brentwood VII Ventures, L.P. is the general partner of Brentwood
Associates VII, L.P., which holds directly 5,089,961 shares of common
stock of the Issuer, a portion of which are shares of non-voting common
stock that may be converted into shares of common stock provided that the
holder of the shares will not own more than 9.999% of the voting power of
any class of the Issuer's equity securities. Brentwood VII Ventures, L.P.
is also the general partner of Brentwood Affiliates Fund, L.P., which
holds directly 205,342 shares of common stock of the Issuer.
* SEE INSTRUCTIONS BEFORE FILLING OUT!
4
<PAGE> 5
ITEM 1(a) NAME OF ISSUER:
NextCard, Inc.
ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
595 Market Street, Suite 1800, San Francisco, CA 94105
ITEM 2(a) NAME OF PERSONS FILING:
Brentwood Associates VII, L.P.
Brentwood Affiliates Fund, L.P.
Brentwood VII Ventures, L.P.
The statement on this Schedule 13G is filed on behalf of the persons
listed above pursuant to Rule 13d-1(k)(1). The Joint Filing
Agreement dated February 8, 2000 among the Reporting Persons is set
forth in Exhibit I hereto and is incorporated herein by reference.
ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
11150 Santa Monica Blvd., Suite 1200, Los Angeles, CA 90025
ITEM 2(c) CITIZENSHIP:
Delaware
ITEM 2(d) TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(e) CUSIP NUMBER:
65332K 10 7
ITEM 3 IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR 13d-2(b),
CHECK WHETHER THE PERSON FILING IS A:
N/A
ITEM 4 OWNERSHIP:
(a) Amount Beneficially Owned:
Brentwood Associates VII, L.P.: 5,089,961 (see cover page)
Brentwood Affiliates Fund, L.P.: 205,342 (see cover page)
Brentwood VII Ventures, L.P.: 5,295,303 (see cover page)
5
<PAGE> 6
(b) Percent of Class:
Brentwood Associates VII, L.P.: 11.0% (see cover page)
Brentwood Affiliates Fund, L.P.: 0.4% (see cover page)
Brentwood VII Ventures, L.P.: 11.4% (see cover page)
(c) Number of Shares as to which such person has:
(i) sole power to vote or to direct the vote:
Brentwood Associates VII, L.P.: 5,089,961 (see cover page)
Brentwood Affiliates Fund, L.P.: 205,342 (see cover page)
Brentwood VII Ventures, L.P.: 5,295,303 (see cover page)
(ii) shared power to vote or direct the vote: N/A
(iii) sole power to dispose or to direct the disposition of:
Brentwood Associates VII, L.P.: 5,089,961 (see cover page)
Brentwood Affiliates Fund, L.P.: 205,342 (see cover page)
Brentwood VII Ventures, L.P.: 5,295,303 (see cover page)
(iv) shared power to dispose or to direct the disposition of:
N/A
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
N/A
ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
The general partner of both Brentwood Associates VII, L.P. and
Brentwood Affiliates Fund, L.P. is Brentwood VII Ventures, L.P., a
Delaware limited partnership, which may be deemed to have the right
to receive or the power to direct the receipt of dividends from, or
the proceeds from the sale of, the shares of Common Stock owned by
Brentwood Associates VII, L.P. and Brentwood Affiliates Fund, L.P.
Information contained in this Schedule 13G is provided solely for
the purpose of complying with Section 13(d) and Section 13(g) of the
Securities Exchange Act of 1934, as amended. Brentwood VII Ventures,
L.P. disclaims beneficial ownership of the securities described
herein for any other purpose.
6
<PAGE> 7
ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
N/A
ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
N/A
ITEM 9 NOTICE OF DISSOLUTION OF GROUP:
N/A
ITEM 10 CERTIFICATION:
N/A
7
<PAGE> 8
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete, and
correct.
DATE: February 8, 2000
BRENTWOOD ASSOCIATES VII, L.P.,
a Delaware limited partnership
By: Brentwood VII Ventures L.P.,
a Delaware limited partnership
Its: General Partner
By: /s/ G. Bradford Jones
-------------------------------
G. Bradford Jones
General Partner
BRENTWOOD AFFILIATES FUND, L.P.,
a Delaware limited partnership
By: Brentwood VII Ventures L.P.,
a Delaware limited partnership
Its: General Partner
By: /s/ G. Bradford Jones
-------------------------------
G. Bradford Jones
General Partner
BRENTWOOD VII VENTURES, L.P.,
a Delaware limited partnership
By: /s/ G. Bradford Jones
------------------------------------
G. Bradford Jones
General Partner
8
<PAGE> 1
EXHIBIT I
JOINT FILING AGREEMENT
----------------------
Each of the undersigned hereby agrees that the Schedule 13G filed herewith is
filed jointly on behalf of each of them pursuant to Rule 13d-1(k)(1) under the
Securities Exchange Act of 1934, as amended.
SIGNATURE
After reasonable inquiry and to the best of the undersigned's knowledge and
belief, the undersigned certifies that the information set forth in this
statement is true, complete, and correct.
DATE: February 8, 2000
BRENTWOOD ASSOCIATES VII, L.P.,
a Delaware limited partnership
By: Brentwood VII Ventures L.P.,
a Delaware limited partnership
Its: General Partner
By: /s/ G. Bradford Jones
--------------------------
G. Bradford Jones
General Partner
BRENTWOOD AFFILIATES FUND, L.P.,
a Delaware limited partnership
By: Brentwood VII Ventures L.P.,
a Delaware limited partnership
Its: General Partner
By: /s/ G. Bradford Jones
--------------------------
G. Bradford Jones
General Partner
BRENTWOOD VII VENTURES, L.P.,
a Delaware limited partnership
By: /s/ G. Bradford Jones
------------------------------
G. Bradford Jones
General Partner
9
