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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Chase Venture Capital Associates, LLC ("CVCA, LLC") (FN 1)
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(Last) (First) (Middle)
c/o Chase Capital Partners
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(Street)
380 Madison Avenue, 12th Floor
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(City) (State) (Zip)
New York, New York 10017
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2. Date of Event Requiring Statement (Month/Day/Year)
1/1/2000
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3. IRS Identification Number of Reporting Person, if an entity (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
StarMedia Network, Inc. ("STRM")
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
|_| Director |X| 10% Owner
|_| Officer (give title below) |_| Other (specify below)
________________________________________
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6. If Amendment, Date of Original (Month/Day/Year)
05/25/99
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7. Individual or Joint/Group Filing (Check applicable line)
|_| Form filed by One Reporting Person
|X| Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Beneficially Owned
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<TABLE>
<CAPTION>
3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 4)
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<S> <C> <C>
Common Stock 11,378,333 (FN 2) D
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the Form is filed by more than one Reporting Person see instruction
5(b)(v).
Page 1 of 7
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FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<CAPTION>
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5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
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Explanation of Responses:
(1) Pursuant to an internal reorganization effective as of January 1, 2000, (i)
Chase Venture Capital Associates, LLC ("CVCA, LLC") became the successor to
Chase Venture Capital Associates, LP ("CVCA, LP"), (ii) CCP-SBIC Manager, LLC, a
newly organized wholly-owned subsidiary of Chase Capital Partners ("CCP"),
became the managing member of CVCA, LLC, and (iii) CCP-CMC Consolidating, LLC
("Consolidating"), a newly-organized affiliate of CCP, became the non-managing
member of CVCA, LLC. CCP is the managing member of Consolidating, and pursuant
to a master advisory agreement with CCP-SBIC Manager, LLC and Consolidating, the
manager, by delegation, of CVCA, LLC. Prior to the internal reorganization, CCP
was the general partner, and the sole shareholder of Consolidating was the
limited partner, of CVCA, LP. The internal reorganization changed CVCA, LP's
name and form of organization but did not alter the proportionate interests of
its ultimate security holders.
(2) Flatiron Associates LLC (f/k/a Friends of Flatiron, LLC), Flatiron Fund
1998/99, LLC and Flatiron Partners LLC (collectively, the "Flatiron Investors")
and/or affiliates of the Flatiron Investors (collectively, the "Flatiron Group")
are parties to certain co-investment arrangements with affiliates of CVCA, LLC
(the "Chase Entities"). The parties to such arrangements have agreed to a
venture capital investment program for the purpose of making private investments
primarily in the equity and equity-related securities of early stage internet
companies (the "Program"). In substance, the Program is similar to a typical
venture capital investment firm, with certain Flatiron Investors receiving the
equivalent of a standard carried interest from the Chase Entities. Upon the
occurrence of certain contingencies that are outside the control of the Chase
Entities, certain Chase Entities may acquire a pecuniary interest in the
investments made by the Flatiron Investors. None of the Chase Entities presently
has any beneficial or pecuniary interest in the shares of the Issuer held by the
Flatiron Investors.
Notwithstanding the co-investment arrangements with the Flatiron Group, each of
the Chase Entities and CVCA, LLC disclaims beneficial ownership of the Issuer's
securities held by the Flatiron Group; accordingly, the filing of this form
shall not be construed as an admission that the Chase Entities, CVCA, LLC or any
of the other reporting persons are the beneficial owners of such securities.
Chase Venture Capital Associates, LLC
** Signature of Reporting Person
By: Chase Capital Partners, as Manager
By: ____________________________
Title: ___________________ of Chase Capital Partners 2/ /2000
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Date
Page 2 of 7
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<CAPTION>
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Title of
Derivative
Date of Title and Securities and Ownership Nature of Disclaims
Name and Address Designated Event Issuer Name, Amount of Title and Form: Indirect Pecuniary
of Reporting Reporter1 Requiring Ticker Security Amount of Direct (D) or Beneficial Interest
Person Statement or Trading Symbol Securities Indirect (I) Ownership
Underlying
Derivative
Securities
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
John R. Baron Chase Venture January 1, StarMedia Common Stock N/A I See Explanatory No
c/o Chase Capital 2000 Network, Inc. 11,378,333 Note 2 below
Capital Partners Associates, ("STRM")
380 Madison LLC
Avenue 12th Floor
New York, NY
10017
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Mitchell J. Blutt Chase Venture January 1, StarMedia Common Stock N/A I See Explanatory No
c/o Chase Capital 2000 Network, Inc. 11,378,333 Note 2 below
Capital Partners Associates, ("STRM")
380 Madison LLC
Avenue 12th Floor
New York, NY
10017
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Chris C. Behrens Chase Venture January 1, StarMedia Common Stock N/A I See Explanatory No
c/o Chase Capital 2000 Network, Inc. 11,378,333 Note 2 below
Capital Partners Associates, ("STRM")
380 Madison LLC
Avenue 12th Floor
New York, NY
10017
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Arnold L. Chavkin Chase Venture January 1, StarMedia Common Stock N/A I See Explanatory No
c/o Chase Capital 2000 Network, Inc. 11,378,333 Note 2 below
Capital Partners Associates, ("STRM")
380 Madison LLC
Avenue 12th Floor
New York, NY
10017
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Eric Green Chase Venture January 1, StarMedia Common Stock N/A I See Explanatory Yes
c/o Chase Capital 2000 Network, Inc. 11,378,333 Note 2 below
Capital Partners Associates, ("STRM")
380 Madison LLC
Avenue 12th Floor
New York, NY 100
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Michael R. Hannon Chase Venture January 1, StarMedia Common Stock N/A I See Explanatory No
c/o Chase Capital 2000 Network, Inc. 11,378,333 Note 2 below
Capital Partners Associates, ("STRM")
380 Madison LLC
Avenue 12th Floor
New York, NY
10017
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Donald J. Hofmann Chase Venture January 1, StarMedia Common Stock N/A I See Explanatory No
c/o Chase Capital 2000 Network, Inc. 11,378,333 Note 2 below
Capital Partners Associates, ("STRM")
380 Madison LLC
Avenue 12th Floor
New York, NY
10017
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</TABLE>
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<TABLE>
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
Stephen P. Murray Chase Venture January 1, StarMedia Common Stock N/A I See Explanatory No
c/o Chase Capital 2000 Network, Inc. 11,378,333 Note 2 below
Capital Partners Associates, ("STRM")
380 Madison LLC
Avenue 12th Floor
New York, NY
10017
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John M.B. Chase Venture January 1, StarMedia Common Stock N/A I See Explanatory No
O'Connor Capital 2000 Network, Inc. 11,378,333 Note 2 below
C/o Chase Associates, ("STRM")
Capital Partners LLC
380 Madison
Avenue 12th Floor
New York, NY
10017
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Susan L. Segal Chase Venture January 1, StarMedia Common Stock N/A I See Explanatory No
c/o Chase Capital Capital 2000 Network, Inc. 11,378,333 Notes 2 and 3 below
Partners Associates, ("STRM")
380 Madison LLC
Avenue
12th Floor
New York, NY
10017
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Shahan D. Chase Venture January 1, StarMedia Common Stock N/A I See Explanatory No
Soghikian Capital 2000 Network, Inc. 11,378,333 Note 2 below
c/o Chase Associates, ("STRM")
Capital LLC
Partners
50 California
Street, Suite
2940
San Francisco,
CA 94111
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Jeffrey C. Walker Chase Venture January 1, StarMedia Common Stock N/A I See Explanatory No
c/o Chase Capital 2000 Network, Inc. 11,378,333 Note 2 below
Capital Partners Associates, ("STRM")
380 Madison LLC
Avenue 12th Floor
New York, NY
10017
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Timothy J. Walsh Chase Venture January 1, StarMedia Common Stock N/A I See Explanatory No
c/o Chase Capital 2000 Network, Inc. 11,378,333 Note 2 below
Capital Partners Associates, ("STRM")
380 Madison LLC
Avenue
12th Floor
New York, NY
10017
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Richard D. Waters Chase Venture January 1, StarMedia Common Stock N/A I See Explanatory Yes
c/o Chase Capital 2000 Network, Inc. 11,378,333 Note 2 below
Capital Partners Associates, ("STRM")
380 Madison LLC
Avenue 12th Floor
New York, NY
10017
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Damion E. Wicker Chase Venture January 1, StarMedia Common Stock N/A I See Explanatory No
c/o Chase Capital 2000 Network, Inc. 11,378,333 Note 2 below
Capital Partners Associates, ("STRM")
380 Madison LLC
Avenue 12th Floor
New York, NY
10017
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<TABLE>
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
CCP European Chase Venture January 1, StarMedia Common Stock N/A I See Explanatory No
Principals, LLC Capital 2000 Network, Inc. 11,378,333 Note 2 below
c/o Chase Associates, ("STRM")
Capital Partners LLC
380 Madison
Avenue 12th Floor
New York, NY
10017
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CCP Principals, Chase Venture January 1, StarMedia Common Stock N/A I See Explanatory No
LLC c/o Chase Capital 2000 Network, Inc. 11,378,333 Note 2 below
Capital Partners Associates, ("STRM")
380 Madison LLC
Avenue 12th Floor
New York, NY
10017
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Chase Capital Chase Venture January 1, StarMedia Common Stock N/A I See Explanatory No
Corporation Capital 2000 Network, Inc. 11,378,333 Note 2 below
(f/k/a Chemical Associates, ("STRM")
Capital LLC
Corporation)
c/o Chase
Capital Partners
380 Madison
Avenue 12th Floor
New York, NY
10017
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The Chase Chase Venture January 1, StarMedia Common Stock N/A I See Explanatory No
Manhattan Capital 2000 Network, Inc. 11,378,333 Note 4 below
Corporation Associates, ("STRM")
270 Park Avenue LLC
35th Floor
New York, NY
10017
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Chase Capital Chase Venture January 1, StarMedia Common Stock N/A I See Explanatory No
Partners Capital 2000 Network, Inc. 11,378,333 Note 5 below
380 Madison Associates, ("STRM")
Avenue 12th Floor LLC
New York, NY
10017
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CCP-SBIC Manager Chase Venture January 1, StarMedia Common Stock N/A I See Explanatory No
LLC Capital 2000 Network, Inc. 11,378,333 Note 6 below
c/o Chase Capital Associates, ("STRM")
Partners LLC
380 Madison
Avenue 12th Floor
New York, NY
10017
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CCP-CMC Chase Venture January 1, StarMedia Common Stock N/A I See Explanatory No
Consolidating, Capital 2000 Network, Inc. 11,378,333 Note 7 below
LLC Associates, ("STRM")
c/o Chase LLC
Capital Partners
380 Madison
Avenue 12th Floor
New York, NY
10017
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I. Robert Greene Chase Venture January 1, StarMedia Common Stock N/A I See Explanatory No
c/o Flatiron Capital 2000 Network, Inc. 11,378,333 Note 8 below
Partners Associates, ("STRM")
257 Park Avenue LLC
South 12th Floor
New York, NY
10010
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<TABLE>
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
Brian J. Richmand Chase Venture January 1, StarMedia Common Stock N/A I See Explanatory No
c/o Chase Capital 2000 Network, Inc. 11,378,333 Note 9 below
Capital Partners Associates, ("STRM")
380 Madison LLC
Avenue
12th Floor
New York, NY
10017
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Jonas Steinmann Chase Venture January 1, StarMedia Common Stock N/A I See Explanatory No
c/o Chase Capital 2000 Network, Inc. 11,378,333 Note 10 below
Capital Partners Associates, ("STRM")
380 Madison LLC
Avenue 12th Floor
New York, NY
10017
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</TABLE>
Explanatory Note:
1) The Designated Reporter is executing this report on behalf of all reporting
persons, each of whom has authorized it to do so.
2) The amount shown in Table I represent the beneficial ownership of the
Issuer's equity securities by CMC, LLC, a portion of which may be deemed
attributable to the reporting person because the reporting person is a partner
of Chase Capital Partners ("CCP"), which is the manager, by delegation, of CMC,
LLC, pursuant to an advisory agreement with Chase Manhattan Capital Corporation.
The actual pro rata portion of such beneficial ownership that may be deemed to
be attributable to the reporting person is not readily determinable because it
is subject to several variables, including the internal rate of return and
vesting of interests within CCP and CVCA, LLC.
3) The reporting person is a director of the Issuer. The amount shown in Table 1
represents the beneficial ownership of the Issuer's equity securities by CVCA,
LLC, a portion of which may be deemed attributable to the reporting person
because he is a general partner of CCP, the sole managing member of the two
members of CVCA, LLC and the manager, by delegation, of CVCA, LLC. The actual
pro rata portion of such beneficial ownership that may be deemed attributable to
the reporting person is not readily determinable because it is subject to
several variables, including the internal rate of return and vesting of
interests within CCP and CVCA, LLC.
Issuer's equity securities by CMC, LLC, a portion of which may be deemed
attributable to the reporting person because it is the sole stockholder of Chase
Capital Corporation, a general partner of CCP, the manager, by delegation, of
CMC, LLC. The actual pro rata portion of such beneficial ownership that may be
attributable to the reporting person is not readily determinable because it is
subject to several variables, including the internal rate of return and vesting
of interests within CCP and CMC, LLC.
4) The amount shown in Table I represent the beneficial ownership of the
Issuer's equity securities by CMC, LLC, a portion of which may be deemed
attributable to the reporting person because it is the manager, by delegation,
of CMC, LLC pursuant to an advisory agreement with Chase Manhattan Capital
Corporation. The actual pro rata portion of such beneficial ownership that may
be deemed to be attributable to the reporting person is not readily determinable
because it is subject to several variables, including the internal rate of
return and vesting of interests within CCP and CVCA, LLC.
5) The amount shown in Tables I represent the beneficial ownership of the
Issuer's equity securities by CMC, LLC, a portion of which may be deemed
attributable to the reporting person because he was a general partner of CCP,
the manager, by delegation, of CMC, LLC, until June 1, 1997. The actual pro rata
portion of such beneficial ownership that may be deemed to be attributable to
the reporting person is not readily determinable because it is subject to
several variables, including the internal rate of return and vesting within CCP
and CVCA, LLC.
6) The amount shown in Tables I represent the beneficial ownership of the
Issuer's equity securities by CMC, LLC, a portion of which may be deemed
attributable to the reporting person because he was a general partner of CCP,
the manager, by delegation, of CMC, LLC, until May 31, 1999. The actual pro rata
portion of such beneficial ownership that may be deemed to be attributable to
the reporting person is not readily determinable because it is subject to
several variables, including the internal rate of return and vesting within
CVCA,
LLC.
7) The amount shown in Tables I represent the beneficial ownership of the
Issuer's equity securities by CMC, LLC, a portion of which may be deemed
attributable to the reporting person because he was a general partner of CCP,
the manager, by delegation, of CMC, LLC, until December 31, 1999. The actual pro
rata portion of such beneficial ownership that may be deemed to be attributable
to the reporting person is not readily determinable because it is subject to
several variables, including the internal rate of return and vesting within CCP
and CVCA, LLC.
Page 6 of 7
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8) The amounts shown in Tables I represent the beneficial ownership of the
Issuer's equity securities by CMC, LLC, a portion of which may be deemed
attributable to the reporting person because he was a general partner of CCP,
the manager, by delegation, of CMC, LLC, until July 1, 1999. The actual pro rata
portion of such beneficial ownership that may be deemed to be attributable to
the reporting person is not readily determinable because it is subject to
several variables, including the internal rate of return and vesting within CCP
and CVCA, LLC.
9) The amounts shown in Tables I represent the beneficial ownership of the
Issuer's equity securities by CBCI, LLC, a portion of which may be deemed
attributable to the reporting person because he was a general partner of CCP,
the non-managing member of CBCI, LLC and the manager, by delegation, of CBCI,
LLC, until July 1, 1999. The actual pro rata portion of such beneficial
ownership that may be deemed to be attributable to the reporting person is not
readily determinable because it is subject to several variables, including the
internal rate of return and vesting within CCP and CVCA, LLC.
10) The amount shown in Table 1 represents the beneficial ownership of the
Issuer's equity securities by CVCA, LLC, a portion of which may be deemed
attributable to the reporting person because he was a general partner of CCP,
the sole managing member of the two members of CVCA, LLC, and the manager, by
delegation, of CVCA, LLC, until July 1, 1999. The actual pro rata portion of
such beneficial ownership that may be deemed to be attributable to the reporting
person is not readily determinable because it is subject to several variables,
including the internal rate of return and vesting within CCP and CVCA, LLC.
Page 7 of 7
