UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
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)
(Amendment No. __)(1)
Under the Securities Exchange Act of 1934
MyPoints.com, Inc.
(Name of Issuer)
Common Stock, par value $.001 per share
(Title of Class of Securities)
62855T102
(CUSIP Number)
August 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)
[x] Rule 13d-1(c)
[ ] Rule 13d-1(d)
(1) 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 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. 62855T102 SCHEDULE 13G Page 1 of 5 Pages
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1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO OF ABOVE PERSON
Long Island Venture Fund, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
N/A (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION New York
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NUMBER OF 5 SOLE VOTING POWER 1,333,333
SHARES -----------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER - 0 -
OWNED BY -----------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER 1,333,333
REPORTING -----------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER - 0 -
WITH
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,333,333
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.1%
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12 TYPE OF REPORTING PERSON PN
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CUSIP NO. 62855T102 SCHEDULE 13G Page 2 of 5 Pages
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1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO OF ABOVE PERSON
TechTransfer Island Corp.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
N/A (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION New York
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NUMBER OF 5 SOLE VOTING POWER 1,333,333
SHARES -----------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER - 0-
OWNED BY -----------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER 1,333,333
REPORTING -----------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER - 0 -
WITH
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,333,333
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.1%
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12 TYPE OF REPORTING PERSON CO
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CUSIP NO. 62855T102 SCHEDULE 13G Page 3 of 5 Pages
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Item 1(a). Name of Issuer:
MyPoints.com, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
565 Commercial Street
San Francisco, CA 94111-3031
Item 2(a). Name of Persons Filing:
Long Island Venture Fund, L.P.
TechTransfer Island Corp.
Item 2(b). Address of Principal Business Office or, if none, Residence:
123 Hofstra University
Business Development Center, West Wing
Suite 225 Hempstead, N.Y. 11550-1090
Item 2(c). Citizenship:
New York
Item 2(d). Title of Class of Securities:
Common Stock, par value $.001 per share
Item 2(e). CUSIP Number:
62855T102
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:
(a) [ ] Broker or Dealer registered under Section 15 of the Exchange
Act;
(b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act;
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the
Exchange Act;
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act;
(e) [ ] An Investment Adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance
with Rule 13d-1(b)(1) (ii)(G);
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CUSIP NO. 62855T102 SCHEDULE 13G Page 4 of 5 Pages
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(h) [ ] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) [ ] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act;
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J);
If this statement is filed pursuant to Rule 13d-1(c), check
this box. /x/
Item 4. Ownership
(a) Amount Beneficially Owned:
Long Island Venture Fund, L.P. ("LIVF") holds directly, and
has sole voting power and sole dispositive power with
respect to, 1,333,333 shares of Common Stock. As the sole
general partner acting on behalf of LIVF, TechTransfer
Island Corp. has the sole voting power and sole dispositive
power with respect to, the 1,333,333 shares of Common Stock
and is also deemed to be a beneficial owner of the Common
Stock.
(b) Percent of Class:
5.1%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote;
see item 5 of each cover page
(ii) shared power to vote or to direct the vote:
see item 6 of each cover page
(iii) sole power to dispose or to direct the disposition of:
see item 7 of each cover page
(iv) shared power to dispose or to direct the disposition
of:
see item 8 of each cover page
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.
Not Applicable
Item 9. Notice of Dissolution of the Group.
Not Applicable
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CUSIP NO. 62855T102 SCHEDULE 13G Page 5 of 5 Pages
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Item 10. Certifications.
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
SIGNATURES.
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.
LONG ISLAND VENTURE FUND, L.P.
By: TechTransfer Island Corp., sole general partner
By: /s/ Paul Lowell
----------------------------------
Name: Paul Lowell
Title: Executive Director
TECHTRANSFER ISLAND CORP.
By: /s/ Paul Lowell
--------------------------------------------
Name: Paul Lowell
Title: Executive Director
