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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. ________)*
NetZero, Inc.
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock ($.001 par value)
- -------------------------------------------------------------------------------
(Title of Class of Securities)
64122R109
- -------------------------------------------------------------------------------
(CUSIP Number)
December 31, 1999
- -------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the following box to designate the rule pursuant to which the 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).
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 1 of 14 pages
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CUSIP NO. 64122R109
- -------------------------------------------------------------------------------
1. Name of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Bill Gross' idealab! (95-4569774)
- -------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b)
- -------------------------------------------------------------------------------
3. SEC Use only
- -------------------------------------------------------------------------------
4. Citizenship or Place of Organization United States of America
- -------------------------------------------------------------------------------
Number of 5. Sole Voting Power 4,967,801 shares
Shares
Beneficially -----------------------------------------------------------
Owned by Each 6. Shared Voting Power 23,949,274 shares
Reporting
Person With:
-----------------------------------------------------------
7. Sole Dispositive Power 4,967,801 shares
- -------------------------------------------------------------------------------
8. Shared Dispositive Power 23,949,274 shares
- -------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
28,917,075 shares
- -------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
- -------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9) 27.6%
- -------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions) CO
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Page 2 of 14 pages
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CUSIP NO. 64122R109
- -------------------------------------------------------------------------------
1. Name of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
William Gross
- -------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b)
- -------------------------------------------------------------------------------
3. SEC Use only
- -------------------------------------------------------------------------------
4. Citizenship or Place of Organization United States of America
- -------------------------------------------------------------------------------
Number of 5. Sole Voting Power 4,967,801 shares
Shares
Beneficially -----------------------------------------------------------
Owned by Each 6. Shared Voting Power 23,949,274 shares
Reporting
Person With:
-----------------------------------------------------------
7. Sole Dispositive Power 4,967,801 shares
- -------------------------------------------------------------------------------
8. Shared Dispositive Power 23,949,274 shares
- -------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
28,917,075 shares
- -------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
- -------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9) 27.6%
- -------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions) IN
- -------------------------------------------------------------------------------
Page 3 of 14 pages
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CUSIP NO. 64122R109
- -------------------------------------------------------------------------------
1. Name of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
idealab! Capital Management I, L.L.C. (95-4569774)
- -------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b)
- -------------------------------------------------------------------------------
3. SEC Use only
- -------------------------------------------------------------------------------
4. Citizenship or Place of Organization United States of America
- -------------------------------------------------------------------------------
Number of 5. Sole Voting Power 23,949,274 shares
Shares
Beneficially -----------------------------------------------------------
Owned by Each 6. Shared Voting Power 0
Reporting
Person With:
-----------------------------------------------------------
7. Sole Dispositive Power 23,949,274 shares
- -------------------------------------------------------------------------------
8. Shared Dispositive Power 0
- -------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
23,949,274 shares
- -------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
- -------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9) 22.9%
- -------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions) IV
- -------------------------------------------------------------------------------
Page 4 of 14 pages
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CUSIP NO. 64122R109
- -------------------------------------------------------------------------------
1. Name of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
idealab! Capital Partners I-A, L.P. (95-4677544)
- -------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b)
- -------------------------------------------------------------------------------
3. SEC Use only
- -------------------------------------------------------------------------------
4. Citizenship or Place of Organization United States of America
- -------------------------------------------------------------------------------
Number of 5. Sole Voting Power 10,215,280 shares
Shares
Beneficially -----------------------------------------------------------
Owned by Each 6. Shared Voting Power 0
Reporting
Person With:
-----------------------------------------------------------
7. Sole Dispositive Power 10,215,280 shares
- -------------------------------------------------------------------------------
8. Shared Dispositive Power 0
- -------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
10,215,280 shares
- -------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
- -------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9) 9.8%
- -------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions) IV
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Page 5 of 14 pages
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CUSIP NO. 64122R109
- -------------------------------------------------------------------------------
1. Name of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
idealab! Capital Partners I-B, L.P. (95-4677544)
- -------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b)
- -------------------------------------------------------------------------------
3. SEC Use only
- -------------------------------------------------------------------------------
4. Citizenship or Place of Organization United States of America
- -------------------------------------------------------------------------------
Number of 5. Sole Voting Power 13,733,994 shares
Shares
Beneficially -----------------------------------------------------------
Owned by Each 6. Shared Voting Power 0
Reporting
Person With:
-----------------------------------------------------------
7. Sole Dispositive Power 13,733,944 shares
- -------------------------------------------------------------------------------
8. Shared Dispositive Power 0
- -------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
13,733,994 shares
- -------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
- -------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9) 13.1%
- -------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions) IV
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Page 6 of 14 pages
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ITEM 1.
(a) Name of Issuer: NetZero, Inc.
(b) Address of Issuer's Principal Executive Offices: 2555 Townsgate Road,
Westlake Village, California 91361
ITEM 2.
(a) Name of Person Filing: This statement is being filed jointly by
Bill Gross' idealab!, a California corporation ("BGIL"),
William Gross, an individual, idealab! Capital Management I,
L.L.C., a Delaware limited liability company ("ICM"),
idealab! Capital Partners I-A, L.P., a Delaware limited
partnership ("ICP I-A"), and idealab! Capital Partners I-B,
L.P., a Delaware limited partnership ("ICP I-B") (ICP I-B,
together with BGIL, Mr. Gross, ICM and ICP-I-A are
referred to collectively as the "Reporting Persons").
Mr. Gross is the Chairman of the Board of Directors and
President of BGIL and the Managing Member of idealab!
Holdings, L.L.C., a Delaware limited liability company
("Holdings"), and exercises voting and investment power
over shares held beneficially by those entities. Mr. Gross
is a Managing Member of ICM and shares voting and investment
power over shares held beneficially by ICM. ICP I-A
and ICP I-B are controlled by ICM.
(b) Address of Principal Business Offices or, if none, Residence:
The principal business offices of each of the Reporting
Persons is 130 W. Union St., Pasadena, CA 91103.
(c) Citizenship: BGIL is a California corporation, Mr. Gross is a
citizen of the United States of America, ICM is a Delaware
limited liability company and ICP- I-A and ICP I-B are
Delaware limited partnerships.
(d) Title of Class of Securities: Common Stock ($.001 par value)
("Common Stock")
(e) CUSIP Number: 64122R109
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SS.SS.240.13D-1(B) OR
240.13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A:
(a) |_| Broker or dealer registered under section 15 of the Act
(15 U.S.C. 70o)
(b) |_| Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c)
(c) |_| Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c)
(d) |_| Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8)
(e) |_| An investment adviser in accordance withss.240.13d-1(b)(1)
(ii)(E)
(f) |_| An employee benefit plan or endowment fund in accordance
with ss.240.13d-1(b)(1)(ii)(F)
(g) |_| A parent holding company or control person in accordance
with ss.240.13d-1(b)(1)(ii)(G)
(h) |_| A savings associations as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813)
(i) |_| A church plan that is excluded from the fefinition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3)
(j) |_| Group, in accordance withss.240.13d-1(b)(1)(ii)(J)
ITEM 4. OWNERSHIP
As of February 14, 2000, the Reporting Persons may be deemed the
beneficial owner of the following number of shares of Common Stock:
BGIL:
(a) Amount Beneficially Owned: 28,917,075* .
(b) Percent of Class: 27.6% .
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 4,967,801 .
(ii) Shared power to vote or to direct the vote: 23,949,274 .
(iii) Sole power to dispose or to direct the disposition of:
4,967,801 .
(iv) Shared power to dispose or to direct the disposition of:
23,949,274 .
Page 7 of 14 pages
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Mr. Gross:
(a) Amount Beneficially Owned: 28,917,075*.
(b) Percent of Class: 27.6%.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 4,967,801.
(ii) Shared power to vote or to direct the vote: 23,949,274.
(iii) Sole power to dispose or to direct the disposition of:
4,967,801.
(iv) Shared power to dispose or to direct the disposition of:
23,949,274.
ICM:
(a) Amount Beneficially Owned: 23,949,274**.
(b) Percent of Class: 22.9%.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 23,949,274**.
(ii) Shared power to vote or to direct the vote: 0.
(iii) Sole power to dispose or to direct the disposition of:
23,949,274**.
(iv) Shared power to dispose or to direct the disposition of: 0.
ICP I-A:
(a) Amount Beneficially Owned: 10,215,280**.
(b) Percent of Class: 9.8%.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 10,215,280**.
(ii) Shared power to vote or to direct the vote: 0.
(iii) Sole power to dispose or to direct the disposition of:
10,215,280**.
(iv) Shared power to dispose or to direct the disposition of: 0.
Page 8 of 14 pages
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ICP I-B:
(a) Amount Beneficially Owned: 13,733,994**.
(b) Percent of Class: 13.1%.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 13,733,994**.
(ii) Shared power to vote or to direct the vote: 0.
(iii) Sole power to dispose or to direct the disposition of:
13,733,994**.
(iv) Shared power to dispose or to direct the disposition of: 0.
* BGIL is the record owner of 2,550 shares of Common Stock. Holdings is the
record owner of 4,965,251 shares of Common Stock. Holdings is a wholly-owned
subsidiary of BGIL and is controlled by BGIL. Mr. Gross is the Chairman of
the Board of Directors and President of BGIL and the Managing Member of
Holdings and exercises voting and investment power over shares held
beneficially by those entities. Mr. Gross is a Managing Member of ICM and
shares voting and investment power over shares held beneficially by ICM.
** ICP I-A is the record owner of 10,215,280 shares of Common Stock and ICP
I-B is the record owner of 13,733,994 shares of Common Stock. ICM may be
deemed the beneficial owner of 23,949,274 shares in its capacity as the
general partner of ICP I-A and ICP I-B.
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 GROUP
Not applicable.
ITEM 10. CERTIFICATION
By signing below each of the undersigned certifies that, to the best of
the undersigned's 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.
Page 9 of 14 pages
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SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I
certify that that information set forth in this statement is true, complete and
correct.
Date: February 14, 2000 BILL GROSS' IDEALAB!
By /s/ William Gross
--------------------------------
Name: William Gross
Title: Chairman of the Board and
President
Date: February 14, 2000 /s/ William Gross
---------------------------------------------
Name: William Gross
Date: February 14, 2000 IDEALAB! CAPITAL MANAGEMENT I, L.L.C.
By /s/ William S. Elkus
------------------------------------
Name: William S. Elkus
Title: Managing Member
Date: February 14, 2000 IDEALAB! CAPITAL PARTNERS I-A, L.P.
By /s/ William S. Elkus
-----------------------------------
Name: William S. Elkus
Title: Managing Member of idealab!
Capital
Management I, L.L.C., its
General Partner
Page 10 of 14 pages
<PAGE>
Date: February 14, 2000 IDEALAB! CAPITAL PARTNERS 1-B, L.P.
By /s/ William S. Elkus
-----------------------------------
Name: William S. Elkus
Title: Managing Member of idealab!
Capital
Management I, L.L.C., its
General Partner
Page 11 of 14 pages
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EXHIBIT INDEX
A. Joint Filing Agreement, dated February 14, 2000 by and between Bill Gross'
idealab!, William Gross, idealab! Capital Management I, L.L.C., idealab!
Capital Partners I-A, L.P. and idealab! Capital
Partners I-B, L.P.......................................... 13
Page 12 of 14 pages
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EXHIBIT A
JOINT FILING AGREEMENT
The undersigned hereby agree that the statement on Schedule 13G dated
February 14, 2000 with respect to the Common Stock of NetZero, Inc. is, and any
amendments thereto (including amendments on Schedule 13G) signed by each of the
undersigned shall be, filed on behalf of each of the undersigned pursuant to and
in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange
Act of 1934.
This Agreement may be executed in counterparts, each of which shall for
all purposes be deemed to be an original and all of which shall constitute one
and the same instrument.
Date: February 14, 2000 BILL GROSS' IDEALAB!
By /s/ William Gross
------------------------------------
Name: William Gross
Title: Chairman of the Board and
President
Date: February 14, 2000 /s/ William Gross
--------------------------------------------
Name: William Gross
Date: February 14, 2000 IDEALAB! CAPITAL MANAGEMENT I, L.L.C.
By /s/ William S. Elkus
-----------------------------------
Name: William S. Elkus
Title: Managing Member
Date: February 14, 2000 IDEALAB! CAPITAL PARTNERS I-A, L.P.
By /s/ William S. Elkus
--------------------------
Name: William S. Elkus
Title: Managing Member of idealab!
Capital
Management I, L.L.C., its
General Partner
Page 13 of 14 Pages
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Date: February 14, 2000 IDEALAB! CAPITAL PARTNERS 1-B, L.P.
By /s/ William S. Elkus
-----------------------------------
Name: William S. Elkus
Title: Managing Member of idealab!
Capital
Management I, L.L.C., its
General Partner
Page 14 of 14 Pages
