BESSEMER VENTURE PARTNERS IV LP
SC 13G, 2000-02-14
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549




                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934




                       FLYCAST COMMUNICATIONS CORPORATION
- --------------------------------------------------------------------------------
                                (Name of Issuer)


                                  COMMON STOCK
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    344067103
- --------------------------------------------------------------------------------
                                 (CUSIP Number)


                                December 31, 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 ("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).


<PAGE>


- --------------------------                                  --------------------
CUSIP No.   344067103                 13G                    Page 2 of 16 pages
- --------------------------                                  --------------------

- ------------- ------------------------------------------------------------------
     1        NAME OF REPORTING PERSON
              S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
              DEER IV & CO. LLC ("Deer IV")*
              11-3298116
- ------------- ------------------------------------------------------------------
     2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                   (a) |X|
                                                                   (b) |_|

- ------------- ------------------------------------------------------------------
     3        SEC USE ONLY


- ------------- ------------------------------------------------------------------
     4        CITIZENSHIP OR PLACE OF ORGANIZATION

              Delaware
- ---------------------------------- ---------- ----------------------------------
                                       5      SOLE VOTING POWER

                                              1,805,353 shs.
            NUMBER OF
                                   ---------- ----------------------------------
             SHARES                    6      SHARED VOTING POWER
          BENEFICIALLY
            OWNED BY                          115,867 shs.**
                                   ---------- ----------------------------------
              EACH                     7      SOLE DISPOSITIVE POWER
            REPORTING
             PERSON                           1,805,353 shs.
                                   ---------- ----------------------------------
              WITH                     8      SHARED DISPOSITIVE POWER

                                              115,867 shs.**
- ---------------------------------- ---------- ----------------------------------
     9        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

              1,921,220 shs.* **
- ------------- ------------------------------------------------------------------
     10       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
              SHARES*
                                                                      |_|
- ------------- ------------------------------------------------------------------
     11       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

              11.4%
- ------------- ------------------------------------------------------------------
     12       TYPE OF REPORTING PERSON*

              PN
- ------------- ------------------------------------------------------------------
*The shares reported on this page are the total of those reported on pages 3-6,
because Deer IV is the General Partner of BVP IV, Bessec IV, BVP IV SS and BVI
LP.

**See answer to Item 4

                      *SEE INSTRUCTION BEFORE FILLING OUT!



                               Page 2 of 16 pages
<PAGE>

- --------------------------                                  --------------------
CUSIP No.   344067103                 13G                    Page 3 of 16 pages
- --------------------------                                  --------------------


- ------------- ------------------------------------------------------------------
     1        NAME OF REPORTING PERSON
              S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
              BESSEMER VENTURE PARTNERS IV L.P. ("BVP IV")*
              11-3298115
- ------------- ------------------------------------------------------------------
     2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                    (a) |X|
                                                                    (b) |_|

- ------------- ------------------------------------------------------------------
     3        SEC USE ONLY


- ------------- ------------------------------------------------------------------
     4        CITIZENSHIP OR PLACE OF ORGANIZATION

              Delaware
- ---------------------------------- ---------- ----------------------------------
                                       5      SOLE VOTING POWER

                                              761,852 shs.
            NUMBER OF
                                   ---------- ----------------------------------
             SHARES                    6      SHARED VOTING POWER
          BENEFICIALLY
            OWNED BY                          115,867 shs.**
                                   ---------- ----------------------------------
              EACH                     7      SOLE DISPOSITIVE POWER
            REPORTING
             PERSON                           761,852 shs.
                                   ---------- ----------------------------------
              WITH                     8      SHARED DISPOSITIVE POWER

                                              115,867 shs.**
- ---------------------------------- ---------- ----------------------------------
     9        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

              877,719 shs.* **
- ------------- ------------------------------------------------------------------
     10       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
              SHARES*
                                                                      |_|
- ------------- ------------------------------------------------------------------
     11       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

              5.2%
- ------------- ------------------------------------------------------------------
     12       TYPE OF REPORTING PERSON*

              PN
- ------------- ------------------------------------------------------------------
*The shares reported on this page are included in those reported on page 2,
because Deer IV is the General Partner of BVP IV.

**See answer to Item 4.

                      *SEE INSTRUCTION BEFORE FILLING OUT!



                               Page 3 of 16 pages
<PAGE>


- --------------------------                                  --------------------
CUSIP No.   344067103                 13G                    Page 4 of 16 pages
- --------------------------                                  --------------------


- ------------- ------------------------------------------------------------------
     1        NAME OF REPORTING PERSON
              S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
              BESSEC VENTURES IV L.P. ("Bessec IV")*
              11-3408591
- ------------- ------------------------------------------------------------------
     2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                   (a) |X|
                                                                   (b) |_|

- ------------- ------------------------------------------------------------------
     3        SEC USE ONLY


- ------------- ------------------------------------------------------------------
     4        CITIZENSHIP OR PLACE OF ORGANIZATION

              Delaware
- ---------------------------------- ---------- ----------------------------------
                                       5      SOLE VOTING POWER

                                              761,855 shs.
            NUMBER OF
                                   ---------- ----------------------------------
             SHARES                    6      SHARED VOTING POWER
          BENEFICIALLY
            OWNED BY                          115,867 shs.**
                                   ---------- ----------------------------------
              EACH                     7      SOLE DISPOSITIVE POWER
            REPORTING
             PERSON                           761,855 shs.
                                   ---------- ----------------------------------
              WITH                     8      SHARED DISPOSITIVE POWER

                                              115,867 shs.**
- ---------------------------------- ---------- ----------------------------------
     9        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

              877,722 shs.* **
- ------------- ------------------------------------------------------------------
     10       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
              SHARES*
                                                                      |_|
- ------------- ------------------------------------------------------------------
     11       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

              5.2%
- ------------- ------------------------------------------------------------------
     12       TYPE OF REPORTING PERSON*

              PN
- ------------- ------------------------------------------------------------------
*The shares reported on this page are included in those reported on page 2,
because Deer IV is the General Partner of Bessec IV.

**See answer to Item 4.

                      *SEE INSTRUCTION BEFORE FILLING OUT!



                               Page 4 of 16 pages
<PAGE>


- --------------------------                                  --------------------
CUSIP No.   344067103                 13G                    Page 5 of 16 pages
- --------------------------                                  --------------------


- ------------- ------------------------------------------------------------------
     1        NAME OF REPORTING PERSON
              S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
              BVP IV SPECIAL SITUATIONS L.P. ("BVP IV SS")*
              11-3298113
- ------------- ------------------------------------------------------------------
     2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                     (a) |X|
                                                                     (b) |_|

- ------------- ------------------------------------------------------------------
     3        SEC USE ONLY


- ------------- ------------------------------------------------------------------
     4        CITIZENSHIP OR PLACE OF ORGANIZATION

              Delaware
- ---------------------------------- ---------- ----------------------------------
                                       5      SOLE VOTING POWER

                                              71,884 shs.
            NUMBER OF
                                   ---------- ----------------------------------
             SHARES                    6      SHARED VOTING POWER
          BENEFICIALLY
            OWNED BY                          -0- shs.
                                   ---------- ----------------------------------
              EACH                     7      SOLE DISPOSITIVE POWER
            REPORTING
             PERSON                           71,884 shs.
                                   ---------- ----------------------------------
              WITH                     8      SHARED DISPOSITIVE POWER

                                              -0- shs.
- ---------------------------------- ---------- ----------------------------------
     9        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

              71,884 shs.*
- ------------- ------------------------------------------------------------------
     10       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
              SHARES*
                                                                      |_|
- ------------- ------------------------------------------------------------------
     11       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

              0.42%
- ------------- ------------------------------------------------------------------
     12       TYPE OF REPORTING PERSON*

              PN
- ------------- ------------------------------------------------------------------
*The shares reported on this page are included in those reported on page 2,
because Deer IV is the General Partner of BVP IV SS.

                      *SEE INSTRUCTION BEFORE FILLING OUT!



                               Page 5 of 16 pages
<PAGE>


- --------------------------                                  --------------------
CUSIP No.   344067103                 13G                    Page 6 of 16 pages
- --------------------------                                  --------------------


- ------------- ------------------------------------------------------------------
     1        NAME OF REPORTING PERSON
              S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
              BESSEMER VENTURE INVESTORS L.P. ("BVI LP")*
              11-3352639
- ------------- ------------------------------------------------------------------
     2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                   (a) |X|
                                                                   (b) |_|

- ------------- ------------------------------------------------------------------
     3        SEC USE ONLY


- ------------- ------------------------------------------------------------------
     4        CITIZENSHIP OR PLACE OF ORGANIZATION

              Delaware
- ---------------------------------- ---------- ----------------------------------
                                       5      SOLE VOTING POWER

                                              209,762 shs.
            NUMBER OF
                                   ---------- ----------------------------------
             SHARES                    6      SHARED VOTING POWER
          BENEFICIALLY
            OWNED BY                          -0- shs.
                                   ---------- ----------------------------------
              EACH                     7      SOLE DISPOSITIVE POWER
            REPORTING
             PERSON                           209,762 shs.
                                   ---------- ----------------------------------
              WITH                     8      SHARED DISPOSITIVE POWER

                                              -0- shs.
- ---------------------------------- ---------- ----------------------------------
     9        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

              209,762 shs.*
- ------------- ------------------------------------------------------------------
     10       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
              SHARES*
                                                                      |_|
- ------------- ------------------------------------------------------------------
     11       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

              1.2%
- ------------- ------------------------------------------------------------------
     12       TYPE OF REPORTING PERSON*

              PN
- ------------- ------------------------------------------------------------------
*The shares reported on this page are included in those reported on page 2,
because Deer IV is the General Partner of BVI LP.

                      *SEE INSTRUCTION BEFORE FILLING OUT!



                               Page 6 of 16 pages
<PAGE>


- --------------------------                                  --------------------
CUSIP No.   344067103                 13G                    Page 7 of 16 pages
- --------------------------                                  --------------------


- ------------- ------------------------------------------------------------------
     1        NAME OF REPORTING PERSON
              S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
              ROBERT H. BUESCHER
              ###-##-####
- ------------- ------------------------------------------------------------------
     2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                   (a) |_|
                                                                   (b) |X|

- ------------- ------------------------------------------------------------------
     3        SEC USE ONLY


- ------------- ------------------------------------------------------------------
     4        CITIZENSHIP OR PLACE OF ORGANIZATION

              U.S.A.
- ---------------------------------- ---------- ----------------------------------
                                       5      SOLE VOTING POWER

                                              9,111 shs.
            NUMBER OF
                                   --------- -----------------------------------
             SHARES                    6      SHARED VOTING POWER
          BENEFICIALLY
            OWNED BY                          -0- shs.
                                   ---------- ----------------------------------
              EACH                     7      SOLE DISPOSITIVE POWER
            REPORTING
             PERSON                           9,111 shs.
                                   ---------- ----------------------------------
              WITH                     8      SHARED DISPOSITIVE POWER

                                              -0- shs.
- ---------------------------------- ---------- ----------------------------------
     9        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

              9,111 shs.
- ------------- ------------------------------------------------------------------
     10       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
              SHARES*
                                                                      |_|
- ------------- ------------------------------------------------------------------
     11       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

              0.05%
- ------------- ------------------------------------------------------------------
     12       TYPE OF REPORTING PERSON*

              IN
- ------------- ------------------------------------------------------------------
                      *SEE INSTRUCTION BEFORE FILLING OUT!



                               Page 7 of 16 pages
<PAGE>


- --------------------------                                  --------------------
CUSIP No.   344067103                 13G                    Page 8 of 16 pages
- --------------------------                                  --------------------


- ------------- ------------------------------------------------------------------
     1        NAME OF REPORTING PERSON
              S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
              WILLIAM T. BURGIN
              ###-##-####
- ------------- ------------------------------------------------------------------
     2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                   (a) |_|
                                                                   (b) |X|

- ------------- ------------------------------------------------------------------
     3        SEC USE ONLY


- ------------- ------------------------------------------------------------------
     4        CITIZENSHIP OR PLACE OF ORGANIZATION

              U.S.A.
- ---------------------------------- ---------- ----------------------------------
                                       5      SOLE VOTING POWER

                                              44,100 shs.
            NUMBER OF
                                   ---------- ----------------------------------
             SHARES                    6      SHARED VOTING POWER
          BENEFICIALLY
            OWNED BY                          -0- shs.
                                   ---------- ----------------------------------
              EACH                     7      SOLE DISPOSITIVE POWER
            REPORTING
             PERSON                           44,100 shs.
                                   ---------- ----------------------------------
              WITH                     8      SHARED DISPOSITIVE POWER

                                              -0- shs.
- ---------------------------------- ---------- ----------------------------------
     9        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

              44,100 shs.
- ------------- ------------------------------------------------------------------
     10       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
              SHARES*
                                                                      |_|
- ------------- ------------------------------------------------------------------
     11       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

              0.26%
- ------------- ------------------------------------------------------------------
     12       TYPE OF REPORTING PERSON*

              IN
- ------------- ------------------------------------------------------------------
                      *SEE INSTRUCTION BEFORE FILLING OUT!



                               Page 8 of 16 pages
<PAGE>


- --------------------------                                  --------------------
CUSIP No.   344067103                 13G                    Page 9 of 16 pages
- --------------------------                                  --------------------


- ------------- ------------------------------------------------------------------
     1        NAME OF REPORTING PERSON
              S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
              G. FELDA HARDYMON
              ###-##-####
- ------------- ------------------------------------------------------------------
     2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                   (a) |_|
                                                                   (b) |X|

- ------------- ------------------------------------------------------------------
     3        SEC USE ONLY


- ------------- ------------------------------------------------------------------
     4        CITIZENSHIP OR PLACE OF ORGANIZATION

              U.S.A.
- ---------------------------------- ---------- ----------------------------------
                                       5      SOLE VOTING POWER

                                              41,693 shs.
            NUMBER OF
                                   ---------- ----------------------------------
             SHARES                    6      SHARED VOTING POWER
          BENEFICIALLY
            OWNED BY                          -0- shs.
                                   ---------- ----------------------------------
              EACH                     7      SOLE DISPOSITIVE POWER
            REPORTING
             PERSON                           41,693 shs.
                                   ---------- ----------------------------------
              WITH                     8      SHARED DISPOSITIVE POWER

                                              -0- shs.
- ---------------------------------- ---------- ----------------------------------
     9        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

              41,693 shs.
- ------------- ------------------------------------------------------------------
     10       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
              SHARES*
                                                                      |_|
- ------------- ------------------------------------------------------------------
     11       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

              0.25%
- ------------- ------------------------------------------------------------------
     12       TYPE OF REPORTING PERSON*

              IN
- ------------- ------------------------------------------------------------------
                      *SEE INSTRUCTION BEFORE FILLING OUT!



                               Page 9 of 16 pages
<PAGE>


- --------------------------                                  --------------------
CUSIP No.   344067103                 13G                    Page 10 of 16 pages
- --------------------------                                  --------------------


- ------------- ------------------------------------------------------------------
     1        NAME OF REPORTING PERSON
              S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
              CHRISTOPHER F.O. GABRIELI
              ###-##-####
- ------------- ------------------------------------------------------------------
     2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                   (a) |_|
                                                                   (b) |X|

- ------------- ------------------------------------------------------------------
     3        SEC USE ONLY


- ------------- ------------------------------------------------------------------
     4        CITIZENSHIP OR PLACE OF ORGANIZATION

              U.S.A.
- ---------------------------------- ---------- ----------------------------------
                                       5      SOLE VOTING POWER

                                              86,559 shs.
            NUMBER OF
                                   ---------- ----------------------------------
             SHARES                    6      SHARED VOTING POWER
          BENEFICIALLY
            OWNED BY                          -0- shs.
                                   ---------- ----------------------------------
              EACH                     7      SOLE DISPOSITIVE POWER
            REPORTING
             PERSON                           86,559 shs.
                                   ---------- ----------------------------------
              WITH                     8      SHARED DISPOSITIVE POWER

                                              -0- shs.
- ---------------------------------- ---------- ----------------------------------
     9        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

              86,559 shs.
- ------------- ------------------------------------------------------------------
     10       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
              SHARES*
                                                                      |_|
- ------------- ------------------------------------------------------------------
     11       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

              0.51%
- ------------- ------------------------------------------------------------------
     12       TYPE OF REPORTING PERSON*

              IN
- ------------- ------------------------------------------------------------------
                      *SEE INSTRUCTION BEFORE FILLING OUT!



                              Page 10 of 16 pages
<PAGE>


- --------------------------                                  --------------------
CUSIP No.   344067103                 13G                    Page 11 of 16 pages
- --------------------------                                  --------------------


- ------------- ------------------------------------------------------------------
     1        NAME OF REPORTING PERSON
              S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
              DAVID J. COWAN
              ###-##-####
- ------------- ------------------------------------------------------------------
     2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                     (a) |_|
                                                                     (b) |X|

- ------------- ------------------------------------------------------------------
     3        SEC USE ONLY


- ------------- ------------------------------------------------------------------
     4        CITIZENSHIP OR PLACE OF ORGANIZATION

              U.S.A.
- ---------------------------------- ---------- ----------------------------------
                                       5      SOLE VOTING POWER

                                              19,099 shs.
            NUMBER OF
                                   ---------- ----------------------------------
             SHARES                    6      SHARED VOTING POWER
          BENEFICIALLY
            OWNED BY                          -0- shs.
                                   ---------- ----------------------------------
              EACH                     7      SOLE DISPOSITIVE POWER
            REPORTING
             PERSON                           19,099 shs.
                                   ---------- ----------------------------------
              WITH                     8      SHARED DISPOSITIVE POWER

                                              -0- shs.
- ---------------------------------- ---------- ----------------------------------
     9        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

              19,099 shs.
- ------------- ------------------------------------------------------------------
     10       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
              SHARES*
                                                                      |_|
- ------------- ------------------------------------------------------------------
     11       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

              0.11%
- ------------- ------------------------------------------------------------------
     12       TYPE OF REPORTING PERSON*

              IN
- ------------- ------------------------------------------------------------------
                      *SEE INSTRUCTION BEFORE FILLING OUT!



                              Page 11 of 16 pages
<PAGE>


- --------------------------                                  --------------------
CUSIP No.   344067103                 13G                    Page 12 of 16 pages
- --------------------------                                  --------------------


- ------------- ------------------------------------------------------------------
     1        NAME OF REPORTING PERSON
              S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
              ROBI L. SONI
              ###-##-####
- ------------- ------------------------------------------------------------------
     2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                    (a) |_|
                                                                    (b) |X|
- ------------- ------------------------------------------------------------------
     3        SEC USE ONLY


- ------------- ------------------------------------------------------------------
     4        CITIZENSHIP OR PLACE OF ORGANIZATION

              U.S.A.
- ---------------------------------- ---------- ----------------------------------
                                       5      SOLE VOTING POWER

                                              6,073 shs.
            NUMBER OF
                                   ---------- ----------------------------------
             SHARES                    6      SHARED VOTING POWER
          BENEFICIALLY
            OWNED BY                          -0- shs.
                                   ---------- ----------------------------------
              EACH                     7      SOLE DISPOSITIVE POWER
            REPORTING
             PERSON                           6,073 shs.
                                   ---------- ----------------------------------
              WITH                     8      SHARED DISPOSITIVE POWER

                                              -0- shs.
- ---------------------------------- ---------- ----------------------------------
     9        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

              6,073 shs.
- ------------- ------------------------------------------------------------------
     10       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
              SHARES*
                                                                      |_|
- ------------- ------------------------------------------------------------------
     11       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

              0.04%
- ------------- ------------------------------------------------------------------
     12       TYPE OF REPORTING PERSON*

              IN
- ------------- ------------------------------------------------------------------
                      *SEE INSTRUCTION BEFORE FILLING OUT!



                              Page 12 of 16 pages
<PAGE>


Item 1.

(a)      Name of Issuer:

                           Flycast Communications Corporation

(b)      Address of Issuer's Principal Executive Office:

                           181 Fremont Street
                           Suite 120
                           San Francisco, California  94105


Item 2.

         (a), (b) and (c) Name of Persons Filing, Address of Principal Business
         Office and Citizenship:
         -----------------------------------------------------------------------

         This statement is filed by Bessemer Venture Partners IV L.P. ("BVP
IV"), a Delaware limited partnership having its principal office at 1400 Old
Country Road, Suite 407, Westbury, New York, 11590, Bessec Ventures IV L.P.
("Bessec IV"), a Delaware limited partnership having its principal office at
1400 Old Country Road, Suite 407, Westbury, New York, BVP IV Special Situations
L.P. ("BVP IV SS"), a Delaware limited partnership having its principal office
at 1400 Old Country Road, Suite 407, Westbury, New York, and Bessemer Venture
Investors L.P. ("BVI LP"), a Delaware limited partnership having its principal
office at 1400 Old Country Road, Suite 407, Westbury, New York, 11590. The
principal business of each of BVP IV, Bessec IV, BVP IV SS and BVI LP is making
venture capital investments for its own account and is carried on at its
principal office.

         This statement is also filed by Deer IV & Co. LLC, a Delaware limited
liability company whose managers are Robert H. Buescher, William T. Burgin, G.
Felda Hardymon, Christopher F.O. Gabrieli, David J. Cowan and Robi L. Soni, who
are all United States citizens, and by Messrs. Buescher, Burgin, Hardymon,
Gabrieli, Cowan and Soni. Deer IV & Co. LLC is the General Partner of BVP IV,
Bessec IV, BVP IV SS and BVI LP and has its principal office at the same address
as BVP IV. Deer IV & Co. LLC's principal business is making venture capital
investments for the account of BVP IV and Bessec IV and is carried on at its
principal office, at 535 Middlefield Road, Suite 245, Menlo Park, CA 94025 and
at 83 Walnut Street, Wellesley Hills, Massachusetts 02181-2101. Mr. Cowan's
principal business address is the Menlo Park address. Mr. Buescher's principal
business address is the Westbury address. The other managers' principal business
address is the Wellesley Hills address.

(d)      Title of Class of Securities:

                           Common Stock

(e)      CUSIP Number:

                           344067103



                              Page 13 of 16 pages
<PAGE>

Item 3.  If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b)
         or (c), check whether the person filing is a:

                  Not applicable.



Item 4.  Ownership

         Items 5 through 9 of Pages 2 through 12 of this Statement incorporated
herein by reference.

         The shares beneficially held by Deer IV, BVP IV and Bessec IV include
holdings of the Issuer's common stock of certain consultants, directors and
employees of Bessemer Securities Corporation, 630 Fifth Avenue, New York, New
York 10111, who hold a total of 115,867 shares of the Issuer's common stock
under the special situations investment plan of Bessemer Securities Corporation
("BSC"), which provides that Bessemer has the right to direct such persons as to
how to vote such shares, give consents and the like and also grants a right of
first refusal to BSC with respect to sales of such shares, which right may be
assigned to Bessemer.


Item 5.  Ownership of Five Percent or Less of a Class

                 Not applicable.


Item 6.  Ownership of More than Five Percent on Behalf of Another Person

                 Not applicable.


Item 7.  Identification and Classification of the Subsidiary Which Acquired the
         Security Being Reported on By the Parent Holding Company

                 Not applicable.


Item 8.  Identification and Classification of Members of the Group

                 See the answer to Item 2(a), (b) and (c).


Item 9.  Notice of Dissolution of Group

                 Not applicable.




                              Page 14 of 16 pages
<PAGE>


Item 10.  Certification

                 Not applicable.



                                   SIGNATURES

         After reasonable inquiry and to the best of our knowledge and belief,
we certify that the information set forth in this statement is true, complete
and correct.

Dated:   February 14, 2000

                                   BESSEMER VENTURE PARTNERS IV L.P.

                                   By:  Deer IV & Co. LLC, General Partner

                                   By:  /s/ Robert H. Buescher
                                      ---------------------------------------
                                        Robert H. Buescher, Manager


                                   BESSEC VENTURES IV L.P.

                                   By:  Deer IV & Co. LLC, General Partner

                                   By:  /s/ Robert H. Buescher
                                      ---------------------------------------
                                        Robert H. Buescher, Manager


                                   BVP IV SPECIAL SITUATIONS L.P.

                                   By:  Deer IV & Co. LLC, General Partner

                                   By:  /s/ Robert H. Buescher
                                      ---------------------------------------
                                        Robert H. Buescher, Manager


                                   BESSEMER VENTURE INVESTORS L.P.

                                   By:  Deer IV & Co. LLC, General Partner

                                   By:  /s/ Robert H. Buescher
                                      ---------------------------------------
                                        Robert H. Buescher, Manager


                                   DEER IV & Co. LLC

                                   By:  /s/ Robert H. Buescher
                                      ---------------------------------------
                                        Robert H. Buescher, Manager




                              Page 15 of 16 pages
<PAGE>


                                   WILLIAM T. BURGIN

                                   By:           *
                                      ---------------------------------------
                                        Robert H. Buescher, Attorney-in-Fact


                                   G. FELDA HARDYMON

                                   By:           *
                                      ---------------------------------------
                                        Robert H. Buescher, Attorney-in-Fact


                                   CHRISTOPHER F. O. GABRIELI

                                   By:           *
                                      ---------------------------------------
                                        Robert H. Buescher, Attorney-in-Fact


                                   DAVID . J. COWAN

                                   By:           *
                                      ---------------------------------------
                                         Robert H. Buescher, Attorney-in-Fact


                                   ROBI L. SONI

                                   By:           *
                                      ---------------------------------------
                                         Robert H. Buescher, Attorney-in-Fact


                                         /s/ Robert H. Buescher
                                      ---------------------------------------
                                      Robert H. Buescher for himself and as
                                      Attorney-in-Fact for the above parties
                                      having an asterisk (*) above their
                                      signature line




                              Page 16 of 16 pages


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