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.__)*
NETCENTIVES, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
64108P101
- --------------------------------------------------------------------------------
(CUSIP Number)
October 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)
*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 on 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).
(Continued on following pages)
Page 1 of 17 Pages
Exhibit Index Contained on Page 15
<PAGE>
- --------------------------------- ---------------------------------
CUSIP NO. 64108P101 13D Page 2 of 17 Pages
- --------------------------------- ---------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Management III, L.P. ("ICM3")
- --------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (limited partnership)
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER -0-
--------------------------------------------------
NUMBER 6 SHARED VOTING POWER
OF 153,900 shares, of which 125,130
SHARES shares are directly owned by Integral
BENEFICIALLY Capital Partners III, L.P. ("ICP3")
OWNED BY EACH and 28,770 shares are directly owned
REPORTING by Integral Capital Partners
PERSON International III, L.P. ("ICPI3").
WITH ICM3 is the general partner of ICP3
and the investment general partner of
ICPI3.
--------------------------------------------------
7 SOLE DISPOSITIVE POWER -0-
--------------------------------------------------
8 SHARED DISPOSITIVE POWER
153,900 shares (see response to
Item 6)
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
153,900 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON* PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------------------- ---------------------------------
CUSIP NO. 64108P101 13D Page 3 of 17 Pages
- --------------------------------- ---------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Management IV, LLC ("ICM4")
- --------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (limited liability company)
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER -0-
--------------------------------------------------
NUMBER 6 SHARED VOTING POWER
OF 1,686,213 shares, which shares are
SHARES directly owned by Integral Capital
BENEFICIALLY Partners IV, L.P. ("ICP4"). ICM4 is
OWNED BY EACH the general partner of ICP4
REPORTING
PERSON
WITH
--------------------------------------------------
7 SOLE DISPOSITIVE POWER -0-
--------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,686,213 shares (see response to
Item 6)
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,686,213 shares
- --------------------------------------------------------------------------------
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* OO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------------------- ---------------------------------
CUSIP NO. 64108P101 13D Page 4 of 17 Pages
- --------------------------------- ---------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Partners NBT, LLC ("Integral NBT")
- --------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (limited liability company)
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER -0-
--------------------------------------------------
NUMBER 6 SHARED VOTING POWER
OF 8,349 shares, which shares are
SHARES directly owned by Integral Capital
BENEFICIALLY Partners IV MS Side Fund, L.P. ("Side
OWNED BY EACH Fund"). Integral NBT is the general
REPORTING partner of Side Fund.
PERSON
WITH
--------------------------------------------------
7 SOLE DISPOSITIVE POWER -0-
--------------------------------------------------
8 SHARED DISPOSITIVE POWER
8,349 shares (see response to Item 6)
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,349 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.03%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON* OO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------------------- ---------------------------------
CUSIP NO. 64108P101 13D Page 5 of 17 Pages
- --------------------------------- ---------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Partners III, L.P. ("ICP3")
- --------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (limited liability company)
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER -0-
--------------------------------------------------
NUMBER 6 SHARED VOTING POWER
OF 125,130 shares are directly owned by
SHARES ICP3. Integral Capital Management III,
BENEFICIALLY L.P. is the general partner of ICP3.
OWNED BY EACH
REPORTING
PERSON
WITH
--------------------------------------------------
7 SOLE DISPOSITIVE POWER -0-
--------------------------------------------------
8 SHARED DISPOSITIVE POWER
125,130 shares (see response to Item 6)
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
125,130 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.4%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON* PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------------------- ---------------------------------
CUSIP NO. 64108P101 13D Page 6 of 17 Pages
- --------------------------------- ---------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Partners International III, L.P. ("ICPI3")
- --------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands (limited partnership)
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER -0-
--------------------------------------------------
NUMBER 6 SHARED VOTING POWER
OF 28,770 shares are directly owned by
SHARES ICPI3. Integral Capital Management
BENEFICIALLY III, L.P. is the investment general
OWNED BY EACH partner of ICPI3.
REPORTING
PERSON
WITH
--------------------------------------------------
7 SOLE DISPOSITIVE POWER -0-
--------------------------------------------------
8 SHARED DISPOSITIVE POWER
28,770 shares (see response to Item 6)
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
28,770 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.09%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON* PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------------------- ---------------------------------
CUSIP NO. 64108P101 13D Page 7 of 17 Pages
- --------------------------------- ---------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Partners IV, L.P. ("ICP4")
- --------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (limited partnership)
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER -0-
--------------------------------------------------
NUMBER 6 SHARED VOTING POWER
OF 1,686,213 shares are directly owned by
SHARES ICP4. Integral Capital Management IV,
BENEFICIALLY LLC is the general partner of ICP4.
OWNED BY EACH
REPORTING
PERSON
WITH
--------------------------------------------------
7 SOLE DISPOSITIVE POWER -0-
--------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,686,213 shares (see response to
Item 6)
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,686,213 shares
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------------------- ---------------------------------
CUSIP NO. 64108P101 13D Page 8 of 17 Pages
- --------------------------------- ---------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Partners IV MS Side Fund, L.P.
("Side Fund")
- --------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (limited partnership)
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER -0-
--------------------------------------------------
NUMBER 6 SHARED VOTING POWER
OF 8,349 shares are directly owned by
SHARES Side Fund. Integral Capital Partners
BENEFICIALLY NBT, LLC is the investment general
OWNED BY EACH partner of Side Fund.
REPORTING
PERSON
WITH
--------------------------------------------------
7 SOLE DISPOSITIVE POWER -0-
--------------------------------------------------
8 SHARED DISPOSITIVE POWER
8,349 shares (see response to Item 6)
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,349 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.03%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON* PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Page 9 of 17
ITEM 1(a). NAME OF ISSUER:
Netcentives, Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
690 Fifth Street
San Francisco, CA 94107
ITEM 2(a), (b), (c). NAME OF PERSON FILING, ADDRESS OF PRINCIPAL BUSINESS
OFFICE OR, IF NONE, RESIDENCE, AND CITIZENSHIP:
This statement is being filed by Integral Capital Management
III, L.P., a Delaware limited partnership ("ICM3"), Integral Capital Management
IV, LLC, a Delaware limited liability company ("ICM4") and Integral Capital
Partners NBT, LLC, a Delaware limited liability company ("Integral NBT"). The
principal business address of ICM3, ICM4 and Integral NBT is 2750 Sand Hill
Road, Menlo Park, California 94025.
ICM3 is the general partner of Integral Capital Partners III,
L.P., a Delaware limited partnership ("ICP3"), and the investment general
partner of Integral Capital Partners International III, L.P., a Cayman Islands
exempted limited partnership ("ICPI3"). ICM4 is the general partner of Integral
Capital Partners IV, L.P., a Delaware limited partnership ("ICP4"). Integral NBT
is the general partner of Integral Capital Partners IV MS Side Fund, L.P., a
Delaware limited partnership ("Side Fund"). With respect to ICM3, ICM4 and
Integral NBT, this statement relates only to ICM3's, ICM4's and Integral NBT's
indirect, beneficial ownership of shares of Common Stock of the Issuer (the
"Shares"). The Shares have been purchased by ICP3, ICPI3, ICP4, and Side Fund,
and none of ICM3, ICM4, or Integral NBT directly or otherwise hold any Shares.
Management of the business affairs of ICM3, ICM4 and Integral NBT, including
decisions respecting disposition and/or voting of the Shares, resides in a
majority of the general partners or managers of ICM3, ICM 4 and Integral NBT,
respectively such that no single general partner of ICM3, ICM4 or Integral NBT
has voting and/or dispositive power of the Shares.
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(e). CUSIP NUMBER:
64108P101
<PAGE>
Page 10 of 17
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);
(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.
Provide the following information regarding the aggregate
number and percentage of the class of securities of the issuer identified in
Item 1.
A. Integral Capital Management III, L.P. ("ICM3")
(a) Amount Beneficially Owned: 153,900
(b) Percent of Class: 0.5%
(c) Number of shares as to which such person has:
1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 153,900
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition:
153,900
B. Integral Capital Management IV, LLC ("ICM4")
(a) Amount Beneficially Owned: 1,686,213
(b) Percent of Class: 5.2%
(c) Number of shares as to which such person has:
1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 1,686,213
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition:
1,686,213
<PAGE>
Page 11 of 17
C. Integral Capital Partners NBT, LLC ("Integral NBT")
(a) Amount Beneficially Owned: 8,349
(b) Percent of Class: 0.03%
(c) Number of shares as to which such person has:
1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 8,349
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition:
8,349
D. Integral Capital Partners III, L.P.
(a) Amount Beneficially Owned: 125,130
(b) Percent of Class: 0.4%
(c) Number of shares as to which such person has:
1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 125,130
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition:
125,130
E. Integral Capital Partners International III, L.P.
(a) Amount Beneficially Owned: 28,770
(b) Percent of Class: 0.09%
(c) Number of shares as to which such person has:
1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 28,770
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition:
28,770
F. Integral Capital Partners IV, L.P.
(a) Amount Beneficially Owned: 1,686,213
(b) Percent of Class: 5.2%
(c) Number of shares as to which such person has:
1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 1,686,213
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition:
1,686,213
G. Integral Capital Partners IV MS Side Fund, L.P.
(a) Amount Beneficially Owned: 8,349
(b) Percent of Class: 0.03%
(c) Number of shares as to which such person has:
1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 8,349
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition:
8,349
<PAGE>
Page 12 of 17
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the beneficial owner of
more than five percent of the class of securities, check the following [ ].
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 CLASSIFCATION OF MEMBERS OF THE GROUP.
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATION.
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.
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.
Dated: January 24, 2000
INTEGRAL CAPITAL MANAGEMENT III, L.P.
By /s/ Pamela K. Hagenah
----------------------------------------------
Pamela K. Hagenah
a General Partner
<PAGE>
Page 13 of 17
INTEGRAL CAPITAL MANAGEMENT IV, LLC
By /s/ Pamela K. Hagenah
----------------------------------------------
Pamela K. Hagenah
a Manager
INTEGRAL CAPITAL PARTNERS NBT, LLC
By /s/ Pamela K. Hagenah
----------------------------------------------
Pamela K. Hagenah
a Manager
INTEGRAL CAPITAL PARTNERS III, L.P.
By Integral Capital Management III, L.P.,
its General Partner
By /s/ Pamela K. Hagenah
----------------------------------------------
Pamela K. Hagenah
a General Partner
INTEGRAL CAPITAL PARTNERS INTERNATIONAL III, L.P.
By Integral Capital Management III, L.P.,
its Investment General Partner
By /s/ Pamela K. Hagenah
----------------------------------------------
Pamela K. Hagenah
a General Partner
INTEGRAL CAPITAL PARTNERS IV, L.P.
By Integral Capital Management IV, LLC,
its General Partner
By /s/ Pamela K. Hagenah
----------------------------------------------
Pamela K. Hagenah
a Manager
<PAGE>
Page 14 of 17
INTEGRAL CAPITAL PARTNERS IV MS SIDE FUND, L.P.
By Integral Capital Partners NBT, LLC,
its General Partner
By /s/ Pamela K. Hagenah
----------------------------------------------
Pamela K. Hagenah
a Manager
<PAGE>
Page 15 of 17
EXHIBIT INDEX
Found on
Sequentially
Exhibit Numbered Page
- ------- -------------
Exhibit A: Agreement of Joint Filing 16
<PAGE>
Page 16 of 17
EXHIBIT A
Agreement of Joint Filing
The undersigned hereby agree that they are filing jointly
pursuant to Rule 13d-1(k)(1) of the Act the statement dated January 24, 2000
containing the information required by Schedule 13G, for the 1,848,462 Shares of
capital stock of Netcentives, Inc. held by Integral Capital Partners III, L.P.,
a Delaware limited partnership, Integral Capital Partners International III,
L.P., a Cayman Islands exempted limited partnership, Integral Capital Partners
IV, L.P., a Delaware limited partnership, and Integral Capital Partners IV MS
Side Fund, L.P., a Delaware limited partnership.
Date: January 24, 2000
INTEGRAL CAPITAL MANAGEMENT III, L.P.
By /s/ Pamela K. Hagenah
----------------------------------------------
Pamela K. Hagenah
a General Partner
INTEGRAL CAPITAL MANAGEMENT IV, LLC
By /s/ Pamela K. Hagenah
----------------------------------------------
Pamela K. Hagenah
a Manager
INTEGRAL CAPITAL PARTNERS NBT, LLC
By /s/ Pamela K. Hagenah
----------------------------------------------
Pamela K. Hagenah
a Manager
INTEGRAL CAPITAL PARTNERS III, L.P.
By Integral Capital Management III, L.P.,
its General Partner
By /s/ Pamela K. Hagenah
----------------------------------------------
Pamela K. Hagenah
a General Partner
<PAGE>
Page 17 of 17
INTEGRAL CAPITAL PARTNERS INTERNATIONAL III, L.P.
By Integral Capital Management III, L.P.,
its Investment General Partner
By /s/ Pamela K. Hagenah
----------------------------------------------
Pamela K. Hagenah
a General Partner
INTEGRAL CAPITAL PARTNERS IV, L.P.
By Integral Capital Management IV, LLC,
its General Partner
By /s/ Pamela K. Hagenah
----------------------------------------------
Pamela K. Hagenah
a Manager
INTEGRAL CAPITAL PARTNERS IV MS SIDE FUND, L.P.
By Integral Capital Partners NBT, LLC,
its General Partner
By /s/ Pamela K. Hagenah
----------------------------------------------
Pamela K. Hagenah
a Manager
