<PAGE> 1
------------------------
OMB APPROVAL
------------------------
OMB Number: 3235-0145
Expires:October 31, 2002
Estimated average burden
Hours per
response...........14.90
------------------------
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
TheStreet.com
(Name of Issuer)
Common Stock
(Title of Class of Securities)
88368Q103
(CUSIP Number)
August 7, 2000
(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 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).
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION
CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM
DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER.
<PAGE> 2
CUSIP NO. 88368Q103 13G PAGE 2 OF 9 PAGES
------------------- -----------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Paul G. Allen
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES -0- shares
BENEFICIALLY
OWNED BY ---------------------------------------------------------
EACH
REPORTING 6 SHARED VOTING POWER
PERSON
WITH Approximately 2,667,265 shares (1)
---------------------------------------------------------
7 SOLE DISPOSITIVE POWER
-0- shares
---------------------------------------------------------
8 SHARED DISPOSITIVE POWER
Approximately 2,667,265 shares (1)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Approximately 2,667,265 shares (1)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
(1) Directly owned by Vulcan Ventures Incorporated. Paul G. Allen is the sole
shareholder of Vulcan Ventures Incorporated and may be deemed to have shared
voting and dispositive power with respect to such shares.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 3
CUSIP NO. 88368Q103 13G PAGE 3 OF 9 PAGES
------------------- -----------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Vulcan Ventures Incorporated IRS ID No. 91-1374788
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Washington
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES -0- shares
BENEFICIALLY
OWNED BY ---------------------------------------------------------
EACH
REPORTING 6 SHARED VOTING POWER
PERSON
WITH Approximately 2,667,265 shares (1)
---------------------------------------------------------
7 SOLE DISPOSITIVE POWER
-0- shares
---------------------------------------------------------
8 SHARED DISPOSITIVE POWER
Approximately 2,667,265 shares (1)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Approximately 2,667,265 shares (1)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IV CO
--------------------------------------------------------------------------------
(1) Directly owned by Vulcan Ventures Incorporated. Paul G. Allen is the sole
shareholder of Vulcan Ventures Incorporated and may be deemed to have shared
voting and dispositive power with respect to such shares.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 4
INTRODUCTORY NOTE
On August 7, 2000, TheStreet.com, Inc., a Delaware corporation (the
"Registrant"), entered into a Securities Purchase Agreement with Vulcan Ventures
Inc. ("Vulcan") pursuant to which, among other things, the Registrant sold
Vulcan 670,167 shares of its common stock, par value $.01 per share, at a
purchase price of $5.56 per share. In addition, the Registrant granted Vulcan an
option to purchase up to an additional 7.45% of the Registrant's shares of
common stock outstanding immediately after the issuance of such stock, at a
purchase price of $13.50 per share. The option is exercisable for the next 6
months.
ITEM 1 (a). NAME OF ISSUER: TheStreet.com, Inc.
ITEM 1 (b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
14 Wall Street 14th Floor
New York, NY 10005
ITEM 2 (a). NAME OF PERSON FILING: Paul G. Allen and Vulcan Ventures
Incorporated
ITEM 2 (b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
110 - 110th Avenue N.E.
Bellevue, Washington 98004
ITEM 2 (c). CITIZENSHIP: Paul G. Allen is a citizen of the United States of
America. Vulcan Ventures Incorporated is a corporation organized under the laws
of the State of Washington.
ITEM 2 (d). TITLE OF CLASS OF SECURITIES: Common Stock, par value $0.01 per
share.
ITEM 2 (e). CUSIP NUMBER: 88368Q103
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.
(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;
Page 4 of 9 pages
<PAGE> 5
(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).
ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned: 2,667,265 shares (1)
(b) Percent of Class: 10% (1)
(c) Number of Shares as to which Such Person has:
(i) sole power to vote or to
direct the vote -0- shares
(ii) shared power to vote or to
direct the vote 2,667,265 shares (1)
(iii) sole power to dispose or to
direct the disposition of -0- shares
(iv) shared power to dispose or to
direct the disposition of 2,667,265 shares (1)
----------------
(1) Percentages are based upon 26,806,684 shares of Common Stock of the Issuers
issued and outstanding stock as of August 8, 2000, as reported in
TheStreet.com.'s 8-K filed with the SEC on August 8, 2000, this figure may
change in either direction as the number of outstanding shares are closed
Percentages are based on shares beneficially owned by Paul G. Allen and held
indirectly through Vulcan Ventures Incorporated, a company owned 100% by Mr.
Allen.
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.
Page 5 of 9 pages
<PAGE> 6
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 GROUP
Not applicable.
ITEM 10. CERTIFICATION
Not applicable.
Page 6 of 9 pages
<PAGE> 7
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.
Dated: August 17, 2000.
VULCAN VENTURES INCORPORATED
By: /s/ WILLIAM D. SAVOY
----------------------------------------------
William D. Savoy, Vice President
/s/ PAUL G. ALLEN
-------------------------------------------------
Paul G. Allen
*By: /s/ WILLIAM D. SAVOY
----------------------------------------------
William D. Savoy as Attorney-in Fact for Paul G.
Allen pursuant to a Power of Attorney filed on
August 30, 1999, with the Schedule 13G of Vulcan
Ventures Incorporated and Paul G. Allen for
Pathogenesis, Inc. and incorporated herein by
reference.
<PAGE> 8
EXHIBIT INDEX
<TABLE>
<CAPTION>
EXHIBIT DESCRIPTION
------- -----------
<S> <C>
99.1 Joint Filing Agreement
99.2 Power of Attorney filed on August 30, 1999, with
the Schedule 13G of Vulcan Ventures Incorporated
and Paul G. Allen for Pathogenesis, Inc.
(Incorporated herein by reference.)
</TABLE>
Page 8 of 9
