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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934*
RHYTHMS NETCONNECTIONS INC.
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(NAME OF ISSUER)
COMMON STOCK
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(TITLE OF CLASS OF SECURITIES)
762430 20 5
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(CUSIP NUMBER)
APRIL 6, 1999
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(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)
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* 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 ("Act") 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).
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CUSIP NO. 762430 20 5 13G
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1. NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
Brentwood Associates VII, L.P.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 5. SOLE VOTING POWER
SHARES
BENEFICIALLY 4,491,506 shares of common stock(1)
OWNED BY
EACH
REPORTING
PERSON
WITH
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6. SHARED VOTING POWER
N/A
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7. SOLE DISPOSITIVE POWER
4,491,506 shares of common stock(1)
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8. SHARED DISPOSITIVE POWER
N/A
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2
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,491,506 shares of common stock(1)
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
N/A
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.8% of shares of outstanding common stock
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12. TYPE OF REPORTING PERSON
PN
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(1) Brentwood Associates VII, L.P. holds directly 4,491,506 shares of the common
stock of the Issuer. Brentwood VII Ventures, L.P. is the general partner of
Brentwood Associates VII, L.P.
* SEE INSTRUCTIONS BEFORE FILLING OUT!
3
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CUSIP NO. 762430 20 5 13G
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1. NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
Brentwood Affiliates Fund, L.P.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 5. SOLE VOTING POWER
SHARES
BENEFICIALLY 187,145 shares of common stock(2)
OWNED BY
EACH
REPORTING
PERSON
WITH
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6. SHARED VOTING POWER
N/A
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7. SOLE DISPOSITIVE POWER
187,145 shares of common stock(2)
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4
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8. SHARED DISPOSITIVE POWER
N/A
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
187,145 shares of common stock(2)
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
N/A
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.2% of shares of outstanding common stock
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12. TYPE OF REPORTING PERSON
PN
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(2) Brentwood Affiliates Fund, L.P. holds directly 187,145 shares of the 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!
5
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CUSIP NO. 374266 10 4 13G
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1. NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
Brentwood VII Ventures, L.P.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 5. SOLE VOTING POWER
SHARES
BENEFICIALLY 4,678,651 shares of common stock(3)
OWNED BY
EACH
REPORTING
PERSON
WITH
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6. SHARED VOTING POWER
N/A
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7. SOLE DISPOSITIVE POWER
4,678,651 shares of common stock(3)
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8. SHARED DISPOSITIVE POWER
N/A
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6
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,678,651 shares of common stock(3)
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
N/A
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.1% of shares of outstanding common stock
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12. TYPE OF REPORTING PERSON
PN
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(3) Brentwood VII Ventures, L.P. is the general partner of Brentwood Associates
VII, L.P., which holds directly 4,491,506 shares of the common stock of the
Issuer, and Brentwood Affiliates Fund, L.P., which holds directly 187,145 shares
of the common stock of the Issuer.
* SEE INSTRUCTIONS BEFORE FILLING OUT!
7
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ITEM 1(a) NAME OF ISSUER:
Rhythms NetConnections Inc.
ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
6933 South Revere Parkway, Englewood, CO 80112-3931
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:
762430 20 5
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.: 4,491,506 (see cover page)
Brentwood Affiliates Fund, L.P.: 187,145 (see cover page)
Brentwood VII Ventures, L.P.: 4,678,651 (see cover page)
8
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(b) Percent of Class:
Brentwood Associates VII, L.P.: 5.8% (see cover page)
Brentwood Affiliates Fund, L.P.: 0.2% (see cover page)
Brentwood VII Ventures, L.P.: 6.1% (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.: 4,491,506 (see cover page)
Brentwood Affiliates Fund, L.P.: 187,145 (see cover page)
Brentwood VII Ventures, L.P.: 4,678,651 (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.: 4,491,506 (see cover page)
Brentwood Affiliates Fund, L.P.: 187,145 (see cover page)
Brentwood VII Ventures, L.P.: 4,678,651 (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.
ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
N/A
9
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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
10
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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
11
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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.,
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a Delaware limited partnership
By: /s/ G. Bradford Jones
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G. Bradford Jones
General Partner
13
