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 13d-2 (b)
(Amendment No._______)*
Webvan Group, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
94845V-10-7
- --------------------------------------------------------------------------------
(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
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 1
Exhibit Index on Page 16
<PAGE>
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CUSIP NO. 94845V-10-7 13 G Page 2 of 18 Pages
- ------------------------- -------------------------
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1 NAME OF REPORTING
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Benchmark Capital Partners, L.P. ("BCP")
Tax ID Number:
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 32,043,432 shares, except that
OWNED BY EACH REPORTING BCMC, the general partner of BCP,
PERSON may be deemed to have sole power to
WITH vote these shares, and David M.
Beirne ("Beirne"), Bruce W.
Dunlevie ("Dunlevie"), J. William
Gurley ("Gurley"), Kevin R. Harvey
("Harvey"), Robert C. Kagle
("Kagle"), Andrew S. Rachleff
("Rachleff") and Steven M. Spurlock
("Spurlock"), the members of BCMC,
may be deemed to have shared power
to vote these shares.
-------------------------------------------
6 SHARED VOTING POWER
See response to row 5.
-------------------------------------------
7 SOLE DISPOSITIVE POWER
32,043,432 shares, except that
BCMC, the general partner of BCP,
may be deemed to have sole power to
dispose of these shares, and
Beirne, Dunlevie, Gurley, Harvey,
Kagle, Rachleff and Spurlock, the
members of BCMC, may be deemed to
have shared power to dispose of
these shares.
-------------------------------------------
8 SHARED DISPOSITIVE POWER
See response to row 7.
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 32,043,432
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.82%
- --------------------------------------------------------------------------------
12 TYPE OR REPORTING PERSON* PN
- --------------------------------------------------------------------------------
<PAGE>
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CUSIP NO. 94845V-10-7 13 G Page 3 of 18 Pages
- ------------------------- -------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Benchmark Founders' Fund, L.P. ("BFF")
Tax ID Number:
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
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3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 4,478,544 shares, except that BCMC,
OWNED BY EACH REPORTING the general partner of BFF, may be
PERSON deemed to have sole power to vote
WITH these shares, and Beirne, Dunlevie,
Gurley, Harvey, Kagle, Rachleff and
Spurlock, the members of BCMC, may
be deemed to have shared power to
vote these shares.
-------------------------------------------
6 SHARED VOTING POWER
See response to row 5.
-------------------------------------------
7 SOLE DISPOSITIVE POWER
4,478,544 shares, except that BCMC,
the general partner of BFF, may be
deemed to have sole power to
dispose of these shares, and
Beirne, Dunlevie, Gurley, Harvey,
Kagle, Rachleff and Spurlock, the
members of BCMC, may be deemed to
have shared power to dispose of
these shares.
-------------------------------------------
8 SHARED DISPOSITIVE POWER
See response to row 7.
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 4,478,544
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1.51%
- --------------------------------------------------------------------------------
12 TYPE OR REPORTING PERSON* PN
- --------------------------------------------------------------------------------
<PAGE>
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CUSIP NO. 94845V-10-7 13 G Page 4 of 18 Pages
- ------------------------- -------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Benchmark Capital Management Co., L.L.C. ("BCMC")
Tax ID Number:
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 36,521,976 shares, of which
OWNED BY EACH REPORTING 32,043,432 are directly owned by
PERSON BCP and 4,478,544 are directly
WITH owned by BFF. BCMC, the general
partner of BCP and BFF, may be
deemed to have sole power to vote
these shares, and Beirne, Dunlevie,
Gurley, Harvey, Kagle, Rachleff and
Spurlock, the members of BCMC, may
be deemed to have shared power to
vote these shares.
-------------------------------------------
6 SHARED VOTING POWER
See response to row 5.
-------------------------------------------
7 SOLE DISPOSITIVE POWER
36,521,976 shares, of which
32,043,432 are directly owned by
BCP and 4,478,544 are directly
owned by BFF. BCMC, the general
partner of BCP and BFF, may be
deemed to have sole power to
dispose of these shares, and
Beirne, Dunlevie, Gurley, Harvey,
Kagle, Rachleff and Spurlock, the
members of BCMC, may be deemed to
have shared power to dispose of
these shares.
-------------------------------------------
8 SHARED DISPOSITIVE POWER
See response to row 7.
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 36,521,976
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 12.33%
- --------------------------------------------------------------------------------
12 TYPE OR REPORTING PERSON* OO
- --------------------------------------------------------------------------------
<PAGE>
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CUSIP NO. 94845V-10-7 13 G Page 5 of 18 Pages
- ------------------------- -------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
David M. Beirne ("Beirne")
Tax ID Number:
- --------------------------------------------------------------------------------
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. Citizen
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 6,165 shares
OWNED BY EACH REPORTING -------------------------------------------
PERSON 6 SHARED VOTING POWER
WITH
36,521,976 shares, of which
32,043,432 are directly owned by
BCP and 4,478,544 are directly
owned by BFF. Beirne is a member of
BCMC, the general partner of BCP
and BFF, and may be deemed to have
shared power to vote these shares.
-------------------------------------------
7 SOLE DISPOSITIVE POWER
6,165 shares
-------------------------------------------
8 SHARED DISPOSITIVE POWER
36,521,976 shares, of which
32,043,432 are directly owned by
BCP and 4,478,544 are directly
owned by BFF. Beirne is a member of
BCMC, the general partner of BCP
and BFF, and may be deemed to have
shared power to dispose of these
shares.
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 36,528,141
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 12.33%
- --------------------------------------------------------------------------------
12 TYPE OR REPORTING PERSON* IN
- --------------------------------------------------------------------------------
<PAGE>
- ------------------------- -------------------------
CUSIP NO. 94845V-10-7 13 G Page 6 of 18 Pages
- ------------------------- -------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bruce W. Dunlevie ("Dunlevie")
Tax ID Number:
- --------------------------------------------------------------------------------
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. Citizen
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 5,932 shares
OWNED BY EACH REPORTING -------------------------------------------
PERSON 6 SHARED VOTING POWER
WITH
36,521,976 shares, of which
32,043,432 are directly owned by
BCP and 4,478,544 are directly
owned by BFF. Dunlevie is a member
of BCMC, the general partner of BCP
and BFF, and may be deemed to have
shared power to vote these shares.
-------------------------------------------
7 SOLE DISPOSITIVE POWER
5,932 shares
-------------------------------------------
8 SHARED DISPOSITIVE POWER
36,521,976 shares, of which
32,043,432 are directly owned by
BCP and 4,478,544 are directly
owned by BFF. Dunlevie is a member
of BCMC, the general partner of BCP
and BFF, and may be deemed to have
shared power to dispose of these
shares.
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 36,527,908
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 12.33%
- --------------------------------------------------------------------------------
12 TYPE OR REPORTING PERSON* IN
- --------------------------------------------------------------------------------
<PAGE>
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CUSIP NO. 94845V-10-7 13 G Page 7 of 18 Pages
- ------------------------- -------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
J. William Gurley ("Gurley")
Tax ID Number:
- --------------------------------------------------------------------------------
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. Citizen
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 2,967 shares
OWNED BY EACH REPORTING -------------------------------------------
PERSON 6 SHARED VOTING POWER
WITH
36,521,976 shares, of which
32,043,432 are directly owned by
BCP and 4,478,544 are directly
owned by BFF. Gurley is a member of
BCMC, the general partner of BCP
and BFF, and may be deemed to have
shared power to vote these shares.
-------------------------------------------
7 SOLE DISPOSITIVE POWER
2,967 shares
-------------------------------------------
8 SHARED DISPOSITIVE POWER
36,521,976 shares, of which
32,043,432 are directly owned by
BCP and 4,478,544 are directly
owned by BFF. Gurley is a member of
BCMC, the general partner of BCP
and BFF, and may be deemed to have
shared power to dispose of these
shares.
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 36,524,943
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 12.33%
- --------------------------------------------------------------------------------
12 TYPE OR REPORTING PERSON* IN
- --------------------------------------------------------------------------------
<PAGE>
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CUSIP NO. 94845V-10-7 13 G Page 8 of 18 Pages
- ------------------------- -------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Kevin R. Harvey ("Harvey")
Tax ID Number:
- --------------------------------------------------------------------------------
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. Citizen
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 shares
OWNED BY EACH REPORTING -------------------------------------------
PERSON 6 SHARED VOTING POWER
WITH
36,521,976 shares, of which
32,043,432 are directly owned by
BCP and 4,478,544 are directly
owned by BFF. Harvey is a member of
BCMC, the general partner of BCP
and BFF, and may be deemed to have
shared power to vote these shares.
-------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares
-------------------------------------------
8 SHARED DISPOSITIVE POWER
36,521,976 shares, of which
32,043,432 are directly owned by
BCP and 4,478,544 are directly
owned by BFF. Harvey is a member of
BCMC, the general partner of BCP
and BFF, and may be deemed to have
shared power to dispose of these
shares.
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 36,521,976
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 12.33%
- --------------------------------------------------------------------------------
12 TYPE OR REPORTING PERSON* IN
- --------------------------------------------------------------------------------
<PAGE>
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CUSIP NO. 94845V-10-7 13 G Page 9 of 18 Pages
- ------------------------- -------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert C. Kagle ("Kagle")
Tax ID Number:
- --------------------------------------------------------------------------------
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. Citizen
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,932 shares
OWNED BY EACH REPORTING -------------------------------------------
PERSON 6 SHARED VOTING POWER
WITH
36,521,976 shares, of which
32,043,432 are directly owned by
BCP and 4,478,544 are directly
owned by BFF. Kagle is a member of
BCMC, the general partner of BCP
and BFF, and may be deemed to have
shared power to vote these shares.
-------------------------------------------
7 SOLE DISPOSITIVE POWER
1,932 shares
-------------------------------------------
8 SHARED DISPOSITIVE POWER
36,521,976 shares, of which
32,043,432 are directly owned by
BCP and 4,478,544 are directly
owned by BFF. Kagle is a member of
BCMC, the general partner of BCP
and BFF, and may be deemed to have
shared power to dispose of these
shares.
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 36,523,908
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 12.33%
- --------------------------------------------------------------------------------
12 TYPE OR REPORTING PERSON* IN
- --------------------------------------------------------------------------------
<PAGE>
- ------------------------- -------------------------
CUSIP NO. 94845V-10-7 13 G Page 10 of 18 Pages
- ------------------------- -------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Andrew S. Rachleff ("Rachleff")
Tax ID Number:
- --------------------------------------------------------------------------------
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. Citizen
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,932 shares
OWNED BY EACH REPORTING -------------------------------------------
PERSON 6 SHARED VOTING POWER
WITH
36,521,976 shares, of which
32,043,432 are directly owned by
BCP and 4,478,544 are directly
owned by BFF. Rachleff is a member
of BCMC, the general partner of BCP
and BFF, and may be deemed to have
shared power to vote these shares.
-------------------------------------------
7 SOLE DISPOSITIVE POWER
1,932 shares
-------------------------------------------
8 SHARED DISPOSITIVE POWER
36,521,976 shares, of which
32,043,432 are directly owned by
BCP and 4,478,544 are directly
owned by BFF. Rachleff is a member
of BCMC, the general partner of BCP
and BFF, and may be deemed to have
shared power to dispose of these
shares.
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 36,523,908
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 12.33%
- --------------------------------------------------------------------------------
12 TYPE OR REPORTING PERSON* IN
- --------------------------------------------------------------------------------
<PAGE>
- ------------------------- -------------------------
CUSIP NO. 94845V-10-7 13 G Page 11 of 18 Pages
- ------------------------- -------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Steven M. Spurlock ("Spurlock")
Tax ID Number:
- --------------------------------------------------------------------------------
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. Citizen
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 3,932 shares
OWNED BY EACH REPORTING -------------------------------------------
PERSON 6 SHARED VOTING POWER
WITH
36,521,976 shares, of which
32,043,432 are directly owned by
BCP and 4,478,544 are directly
owned by BFF. Spurlock is a member
of BCMC, the general partner of BCP
and BFF, and may be deemed to have
shared power to vote these shares.
-------------------------------------------
7 SOLE DISPOSITIVE POWER
3,932 shares
-------------------------------------------
8 SHARED DISPOSITIVE POWER
36,521,976 shares, of which
32,043,432 are directly owned by
BCP and 4,478,544 are directly
owned by BFF. Spurlock is a member
of BCMC, the general partner of BCP
and BFF, and may be deemed to have
shared power to dispose of these
shares.
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 36,525,908
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 12.33%
- --------------------------------------------------------------------------------
12 TYPE OR REPORTING PERSON* IN
- --------------------------------------------------------------------------------
<PAGE>
Page 12 of 18
ITEM 1(A). NAME OF ISSUER
Webvan Group, Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
310 Lakeside Drive
Foster City, CA 94404
ITEM 2(A). NAME OF PERSONS FILING
This Statement is filed by Benchmark Capital Partners, L.P., a
Delaware limited partnership ("BCP"), Benchmark Founders' Fund, L.P.,
a Delaware limited partnership ("BFF"), Benchmark Capital Management
Co., L.L.C., a Delaware limited liability company ("BCMC"), David M.
Beirne ("Beirne"), Bruce W. Dunlevie ("Dunlevie"), J. William Gurley
("Gurley"), Kevin R. Harvey ("Harvey"), Robert C. Kagle ("Kagle"),
Andrew S. Rachleff ("Rachleff") and Steven M. Spurlock ("Spurlock"),
the members of BCMC. The foregoing entities and individuals are
collectively referred to as the "Reporting Persons."
BCMC, the general partner of BCP and BFF, may be deemed to have sole
power to vote and sole power to dispose of shares of the issuer
directly owned by BCP and BFF. Beirne, Dunlevie, Gurley, Harvey,
Kagle, Rachleff and Spurlock are members of BCMC and may be deemed to
have shared power to vote and shared power to dispose of shares of
the issuer directly owned by BCP and BFF.
ITEM 2(B). ADDRESS OF PRINCIPAL OFFICE
The address for each of the Reporting Persons is:
Benchmark Capital
2480 Sand Hill Road, Suite 200
Menlo Park, California 94025
ITEM 2(C). CITIZENSHIP
BCP and BFF, are Delaware limited partnerships. BCMC is a Delaware
limited liability company. Beirne, Dunlevie, Gurley, Harvey, Kagle,
Rachleff and Spurlock are United States citizens.
ITEM 2(D) AND (E). TITLE OF CLASS OF SECURITIES AND CUSIP NUMBER
Common Stock
CUSIP # 94845V-10-7
ITEM 3. Not Applicable
ITEM 4. OWNERSHIP
The following information with respect to the ownership of the Common
Stock of the issuer by the persons filing this Statement is provided
as of December 31, 1999:
<PAGE>
Page 13 of 18
(a) Amount beneficially owned:
See Row 9 of cover page for each Reporting Person.
(b) Percent of Class:
See Row 11 of cover page for each Reporting Person.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
See Row 5 of cover page for each Reporting
Person.
(ii) Shared power to vote or to direct the vote:
See Row 6 of cover page for each Reporting
Person.
(iii) Sole power to dispose or to direct the
disposition of:
See Row 7 of cover page for each Reporting
Person.
(iv) Shared power to dispose or to direct the
disposition of:
See Row 8 of cover page for each Reporting
Person.
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.
Under certain circumstances set forth in the limited partnership
agreements of BCP and BFF, and the limited liability company
agreement of BCMC, the general and limited partners or members, as
the case may be, of each of such entities may be deemed to have the
right to receive dividends from, or the proceeds from, the sale of
shares of the issuer owned by each such entity of which they are a
partner.
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>
Page 14 of 18
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.
Date: February 10, 2000
BENCHMARK CAPITAL PARTNERS, L.P., a Delaware
Limited Partnership
By: Benchmark Capital Management Co., L.L.C.,
a Delaware Limited Liability Company
Its General Partner
By: /s/ Steven M. Spurlock
------------------------------------------
Steven M. Spurlock
Member
BENCHMARK FOUNDERS' FUND, L.P., a Delaware
Limited Partnership
By: Benchmark Capital Management Co., L.L.C.,
a Delaware Limited Liability Company
Its General Partner
By: /s/ Steven M. Spurlock
------------------------------------------
Steven M. Spurlock
Member
BENCHMARK CAPITAL MANAGEMENT CO., L.L.C., a
Delaware Limited Liability Company
By: /s/ Steven M. Spurlock
------------------------------------------
Steven M. Spurlock
Member
DAVID M. BEIRNE
By: /s/ David M. Beirne
------------------------------------------
David M. Beirne
BRUCE W. DUNLEVIE
By: /s/ Bruce W. Dunlevie
------------------------------------------
Bruce W. Dunlevie
<PAGE>
Page 15 of 18
J. WILLIAM GURLEY
By: /s/ J. William Gurley
------------------------------------------
J. William Gurley
KEVIN R. HARVEY
By: /s/ Kevin R. Harvey
------------------------------------------
Kevin R. Harvey
ROBERT C. KAGLE
By: /s/ Robert C. Kagle
------------------------------------------
Robert C. Kagle
ANDREW S. RACHLEFF
By: /s/ Andrew S. Rachleff
------------------------------------------
Andrew S. Rachleff
STEVEN M. SPURLOCK
By: /s/ Steven M. Spurlock
------------------------------------------
Steven M. Spurlock
<PAGE>
Page 16 of 18
EXHIBIT INDEX
Found on
Sequentially
Exhibit Numbered Page
- ------- -------------
Exhibit A: Agreement of Joint Filing 17
<PAGE>
Page 17 of 18
EXHIBIT A
Agreement of Joint Filing
The undersigned hereby agree that a single Schedule 13G (or any amendment
thereto) relating to the Common Stock of Webvan Group, Inc. shall be filed on
behalf of each of the undersigned and that this Agreement shall be filed as an
exhibit to such Schedule 13G.
Date: February 10, 2000
February 10, 2000 BENCHMARK CAPITAL MANAGEMENT CO., L.L.C., a
Delaware Limited Liability Company
By: /s/ Steven M. Spurlock
------------------------------------------
Steven M. Spurlock
Member
February 10, 2000 BENCHMARK CAPITAL PARTNERS, L.P., a Delaware
Limited Partnership
By: Benchmark Capital Management Co., L.L.C.,
a Delaware Limited Liability Company
Its General Partner
By: /s/ Steven M. Spurlock
------------------------------------------
Steven M. Spurlock
Member
February 10, 2000 BENCHMARK FOUNDERS' FUND, L.P., a Delaware
Limited Partnership
By: Benchmark Capital Management Co., L.L.C.,
a Delaware Limited Liability Company
Its General Partner
By: /s/ Steven M. Spurlock
------------------------------------------
Steven M. Spurlock
Member
February 10, 2000 By: /s/ Bruce W. Dunlevie
------------------------------------------
Bruce W. Dunlevie
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Page 18 of 18
February 10, 2000 By: /s/ J. William Gurley
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J. William Gurley
February 10, 2000 By: /s/ Kevin R. Harvey
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Kevin R. Harvey
February 10, 2000 By: /s/ Robert C. Kagle
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Robert C. Kagle
February 10, 2000 By: /s/ Andrew S. Rachleff
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Andrew S. Rachleff
February 10, 2000 By: /s/ Steven M. Spurlock
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Steven M. Spurlock
