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._______)*
E-Loan Inc.
----------------
(Name of Issuer)
Common Stock
------------------------------
(Title of Class of Securities)
26861P107
--------------
(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 20 Pages
Exhibit Index Contained on Page 18
<PAGE>
CUSIP NO. 26861P107 PAGE 2 OF 20 PAGES
- ------------------- ------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Benchmark Capital Partners II, L.P. ("BCP II")
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
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
7,535,580 shares, except that BCMC II, the general partner
NUMBER OF of BCP II, may be deemed to have sole power to vote these
SHARES shares, and David M. Beirne ("Beirne"), Bruce W. Dunlevie
BENEFICIALLY ("Dunlevie"), J. William Gurley ("Gurley"), Kevin R. Harvey
OWNED BY ("Harvey"), Robert C. Kagle ("Kagle"), Andrew S. Rachleff
EACH ("Rachleff") and Steven M. Spurlock ("Spurlock"), the
REPORTING members of BCMC II, may be deemed to have shared power to
PERSON vote these shares.
WITH ------------------------------------------------------------
6 SHARED VOTING POWER
See response to row 5.
------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
7,535,580 shares, except that BCMC II, the general partner
of BCP II, 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 II, 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
7,535,580
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
18.06%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
-----------------------------------------------------------------------------
<PAGE>
CUSIP NO. 26861P107 PAGE 3 OF 20 PAGES
- ------------------- ------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Benchmark Founders' Fund II, L.P. ("BFF II")
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
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
892,212 shares, except that BCMC II, the general partner of
NUMBER OF BCP II, may be deemed to have sole power to vote these
SHARES shares, and Beirne, Dunlevie, Gurley, Harvey, Kagle,
BENEFICIALLY Rachleff and Spurlock, the members of BCMC II, may be deemed
OWNED BY to have shared power to vote these shares.
EACH ------------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON See response to row 5.
WITH ------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
892,212 shares, except that BCMC II, the general partner of
BCP II, 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 II, 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
892,212
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.14%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
-----------------------------------------------------------------------------
<PAGE>
CUSIP NO. 26861P107 PAGE 4 OF 20 PAGES
- ------------------- ------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Benchmark Founders' Fund II-A, L.P. ("BFF II-A")
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
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
473,232 shares, except that BCMC II, the general partner of
NUMBER OF BCP II, may be deemed to have sole power to vote these
SHARES shares, and Beirne, Dunlevie, Gurley, Harvey, Kagle,
BENEFICIALLY Rachleff and Spurlock, the members of BCMC II, may be deemed
OWNED BY to have shared power to vote these shares.
EACH ------------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON See response to row 5.
WITH ------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
473,232 shares, except that BCMC II, the general partner of
BCP II, 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 II, 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
473,232
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.13%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
-----------------------------------------------------------------------------
<PAGE>
CUSIP NO. 26861P107 PAGE 5 OF 20 PAGES
- ------------------- ------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Benchmark Members Fund II, L.P. ("BMF II")
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
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
126,600 shares, except that BCMC II, the general partner of
NUMBER OF BCP II, may be deemed to have sole power to vote these
SHARES shares, and Beirne, Dunlevie, Gurley, Harvey, Kagle,
BENEFICIALLY Rachleff and Spurlock, the members of BCMC II, may be deemed
OWNED BY to have shared power to vote these shares.
EACH ------------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON See response to row 5.
WITH ------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
126,600 shares, except that BCMC II, the general partner of
BCP II, 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 II, 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
126,600
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.30%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
-----------------------------------------------------------------------------
<PAGE>
CUSIP NO. 26861P107 PAGE 6 OF 20 PAGES
- ------------------- ------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Benchmark Capital Management Co. II, L.L.C. ("BCMC II")
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
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
9,027,624 shares, of which 7,535,580 are directly owned by
NUMBER OF BCP II, 892,212 are directly owned by BFF II, 473,232 are
SHARES directly owned by BFF II-A and 126,600 shares are directly
BENEFICIALLY owned by BMF II. BCMC II, the general partner of BCP II, BFF
OWNED BY II, BFF II-A and BMF II, may be deemed to have sole power to
EACH vote these shares, and Beirne, Dunlevie, Gurley, Harvey,
REPORTING Kagle, Rachleff and Spurlock, the members of BCMC II, may be
PERSON deemed to have shared power to vote these shares.
WITH ------------------------------------------------------------
6 SHARED VOTING POWER
See response to row 5.
------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
9,027,624 shares, of which 7,535,580 are directly owned by
BCP II, 892,212 are directly owned by BFF II, 473,232 are
directly owned by BFF II-A and 126,600 shares are directly
owned by BMF II. BCMC II, the general partner of BCP II, BFF
II, BFF II-A and BMF II, 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
II, 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
9,027,624
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
21.64%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
-----------------------------------------------------------------------------
<PAGE>
CUSIP NO. 26861P107 PAGE 7 OF 20 PAGES
- ------------------- ------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
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
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 3,910 shares
SHARES ------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 9,027,624 shares, of which 7,535,580 are directly owned by
EACH BCP II, 892,212 are directly owned by BFF II, 473,232 are
REPORTING directly owned by BFF II-A and 126,600 shares are directly
PERSON owned by BMF II. Beirne is a member of BCMC II, the general
WITH partner of BCP II, BFF II, BFF II-A and BMF II, and may be
deemed to have shared power to vote these
------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
3,910 shares
------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
9,027,624 shares, of which 7,535,580 are directly owned by
BCP II, 892,212 are directly owned by BFF II, 473,232 are
directly owned by BFF II-A and 126,600 shares are directly
owned by BMF II. Beirne is a member of BCMC II, the general
partner of BCP II, BFF II, BFF II-A and BMF II, and may be
deemed to have shared power to dispose of these shares.
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,031,534
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
21.65%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
-----------------------------------------------------------------------------
<PAGE>
CUSIP NO. 26861P107 PAGE 8 OF 20 PAGES
- ------------------- ------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
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
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 3,910 shares
SHARES ------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 9,027,624 shares, of which 7,535,580 are directly owned by
EACH BCP II, 892,212 are directly owned by BFF II, 473,232 are
REPORTING directly owned by BFF II-A and 126,600 shares are directly
PERSON owned by BMF II. Dunlevie is a member of BCMC II, the
WITH general partner of BCP II, BFF II, BFF II-A and BMF II, and
may be deemed to have shared power to vote these
------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
3,910 shares
------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
9,027,624 shares, of which 7,535,580 are directly owned by
BCP II, 892,212 are directly owned by BFF II, 473,232 are
directly owned by BFF II-A and 126,600 shares are directly
owned by BMF II. Dunlevie is a member of BCMC II, the
general partner of BCP II, BFF II, BFF II-A and BMF II, and
may be deemed to have shared power to dispose of these
shares.
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,031,534
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
21.65%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
-----------------------------------------------------------------------------
<PAGE>
CUSIP NO. 26861P107 PAGE 9 OF 20 PAGES
- ------------------- ------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
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
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 3,910 shares
SHARES ------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 9,027,624 shares, of which 7,535,580 are directly owned by
EACH BCP II, 892,212 are directly owned by BFF II, 473,232 are
REPORTING directly owned by BFF II-A and 126,600 shares are directly
PERSON owned by BMF II. Gurley is a member of BCMC II, the
WITH general partner of BCP II, BFF II, BFF II-A and BMF II, and
may be deemed to have shared power to vote these
------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
3,910 shares
------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
9,027,624 shares, of which 7,535,580 are directly owned by
BCP II, 892,212 are directly owned by BFF II, 473,232 are
directly owned by BFF II-A and 126,600 shares are directly
owned by BMF II. Gurley is a member of BCMC II, the
general partner of BCP II, BFF II, BFF II-A and BMF II, and
may be deemed to have shared power to dispose of these
shares.
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,031,534
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
21.65%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
-----------------------------------------------------------------------------
<PAGE>
CUSIP NO. 26861P107 PAGE 10 OF 20 PAGES
- ------------------- -------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
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
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 3,910 shares
SHARES ------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 9,027,624 shares, of which 7,535,580 are directly owned by
EACH BCP II, 892,212 are directly owned by BFF II, 473,232 are
REPORTING directly owned by BFF II-A and 126,600 shares are directly
PERSON owned by BMF II. Harvey is a member of BCMC II, the
WITH general partner of BCP II, BFF II, BFF II-A and BMF II, and
may be deemed to have shared power to vote these
------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
3,910 shares
------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
9,027,624 shares, of which 7,535,580 are directly owned by
BCP II, 892,212 are directly owned by BFF II, 473,232 are
directly owned by BFF II-A and 126,600 shares are directly
owned by BMF II. Harvey is a member of BCMC II, the
general partner of BCP II, BFF II, BFF II-A and BMF II, and
may be deemed to have shared power to dispose of these
shares.
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,031,534
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
21.65%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
-----------------------------------------------------------------------------
<PAGE>
CUSIP NO. 26861P107 PAGE 11 OF 20 PAGES
- ------------------- -------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
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
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 3,910 shares
SHARES ------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 9,027,624 shares, of which 7,535,580 are directly owned by
EACH BCP II, 892,212 are directly owned by BFF II, 473,232 are
REPORTING directly owned by BFF II-A and 126,600 shares are directly
PERSON owned by BMF II. Kagle is a member of BCMC II, the
WITH general partner of BCP II, BFF II, BFF II-A and BMF II, and
may be deemed to have shared power to vote these
------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
3,910 shares
------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
9,027,624 shares, of which 7,535,580 are directly owned by
BCP II, 892,212 are directly owned by BFF II, 473,232 are
directly owned by BFF II-A and 126,600 shares are directly
owned by BMF II. Kagle is a member of BCMC II, the
general partner of BCP II, BFF II, BFF II-A and BMF II, and
may be deemed to have shared power to dispose of these
shares.
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,031,534
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
21.65%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
-----------------------------------------------------------------------------
<PAGE>
CUSIP NO. 26861P107 PAGE 12 OF 20 PAGES
- ------------------- -------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
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
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 3,910 shares
SHARES ------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 9,027,624 shares, of which 7,535,580 are directly owned by
EACH BCP II, 892,212 are directly owned by BFF II, 473,232 are
REPORTING directly owned by BFF II-A and 126,600 shares are directly
PERSON owned by BMF II. Rachleff is a member of BCMC II, the
WITH general partner of BCP II, BFF II, BFF II-A and BMF II, and
may be deemed to have shared power to vote these
------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
3,910 shares
------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
9,027,624 shares, of which 7,535,580 are directly owned by
BCP II, 892,212 are directly owned by BFF II, 473,232 are
directly owned by BFF II-A and 126,600 shares are directly
owned by BMF II. Rachleff is a member of BCMC II, the
general partner of BCP II, BFF II, BFF II-A and BMF II, and
may be deemed to have shared power to dispose of these
shares.
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,031,534
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
21.65%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
-----------------------------------------------------------------------------
<PAGE>
CUSIP NO. 26861P107 PAGE 13 OF 20 PAGES
- ------------------- -------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
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
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 0 shares
SHARES ------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 9,027,624 shares, of which 7,535,580 are directly owned by
EACH BCP II, 892,212 are directly owned by BFF II, 473,232 are
REPORTING directly owned by BFF II-A and 126,600 shares are directly
PERSON owned by BMF II. Spurlock is a member of BCMC II, the
WITH general partner of BCP II, BFF II, BFF II-A and BMF II, and
may be deemed to have shared power to vote these
------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares
------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
9,027,624 shares, of which 7,535,580 are directly owned by
BCP II, 892,212 are directly owned by BFF II, 473,232 are
directly owned by BFF II-A and 126,600 shares are directly
owned by BMF II. Spurlock is a member of BCMC II, the
general partner of BCP II, BFF II, BFF II-A and BMF II, and
may be deemed to have shared power to dispose of these
shares.
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,027,624
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
21.64%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
-----------------------------------------------------------------------------
<PAGE>
Page 14 of 20
ITEM 1(A). NAME OF ISSUER
E-Loan, Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
5875 Arnold Road, Suite 100
Dublin, California 94568
ITEM 2(A). NAME OF PERSONS FILING
This Statement is filed by Benchmark Capital Partners II, L.P., a
Delaware limited partnership ("BCP II"), Benchmark Founders' Fund
II, L.P., a Delaware limited partnership ("BFF II"), Benchmark
Founders' Fund II-A, L.P., a Delaware limited liability partnership
("BFF II-A"), Benchmark Members' Fund II, L.P., a Delaware limited
liability partnership ("BMF II"), Benchmark Capital Management Co.
II, L.L.C., a Delaware limited liability company ("BCMC II"), 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 II. The foregoing
entities and individuals are collectively referred to as the
"Reporting Persons."
BCMC II, the general partner of BCP II, BFF II, BFF II-A and BMF II,
may be deemed to have sole power to vote and sole power to dispose
of shares of the issuer directly owned by BCP II, BFF II, BFF II-A
and BMF II. Beirne, Dunlevie, Gurley, Harvey, Kagle, Rachleff and
Spurlock are members of BCMC II and may be deemed to have sole power
to vote and sole power to dispose of shares of the issuer directly
owned by BCP II, BFF II, BFF II-A and BMF II.
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 II, BFF II, BFF II-A and BMF II are Delaware limited
partnerships. BCMC II 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 # 26861P107
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 15 of 20
(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 II, BFF II, BFF II-A and BMF II, and the limited
liability company agreement of BCMC II, 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 16 of 20
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 II, L.P.,
a Delaware Limited Partnership
By: Benchmark Capital Management Co. II, L.L.C.,
a Delaware Limited Liability Company
Its General Partner
By: /s/ Steven M. Spurlock
--------------------------------------------
Steven M. Spurlock
Member
BENCHMARK FOUNDERS' FUND II, L.P.,
a Delaware Limited Partnership
By: Benchmark Capital Management Co. II, L.L.C.,
a Delaware Limited Liability Company
Its General Partner
By: /s/ Steven M. Spurlock
--------------------------------------------
Steven M. Spurlock
Member
BENCHMARK FOUNDERS' FUND II-A, L.P.,
a Delaware Limited Partnership
By: Benchmark Capital Management Co. II, L.L.C.,
a Delaware Limited Liability Company
Its General Partner
By: /s/ Steven M. Spurlock
--------------------------------------------
Steven M. Spurlock
Member
BENCHMARK MEMBERS' FUND II, L.P.,
a Delaware Limited Partnership
By: Benchmark Capital Management Co. II, L.L.C.,
a Delaware Limited Liability Company
Its General Partner
By: /s/ Steven M. Spurlock
--------------------------------------------
Steven M. Spurlock
Member
<PAGE>
Page 17 of 20
BENCHMARK CAPITAL MANAGEMENT CO. II, 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
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 18 of 20
EXHIBIT INDEX
Found on
Sequentially
Exhibit Numbered Page
- ------- -------------
Exhibit A: Agreement of Joint Filing 19
<PAGE>
Page 19 of 20
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 E-Loan 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 BENCHMARK CAPITAL MANAGEMENT CO. II, L.L.C.,
a Delaware Limited Liability Company
By: /s/ Steven M. Spurlock
--------------------------------------------
Steven M. Spurlock
Member
February 10, 2000 BENCHMARK CAPITAL PARTNERS II, L.P.,
a Delaware Limited Partnership
By: Benchmark Capital Management Co. II,
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 II, L.P.,
a Delaware Limited Partnership
By: Benchmark Capital Management Co. II, 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 II-A, L.P.,
a Delaware Limited Partnership
By: Benchmark Capital Management Co. II, L.L.C.,
a Delaware Limited Liability Company
Its General Partner
By: /s/ Steven M. Spurlock
--------------------------------------------
Steven M. Spurlock
Member
<PAGE>
Page 20 of 20
February 10, 2000 BENCHMARK MEMBERS' FUND II, L.P.,
a Delaware Limited Partnership
By: Benchmark Capital Management Co. II, 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/ David M. Beirne
--------------------------------------------
David M. Beirne
February 10, 2000 By: /s/ Bruce W. Dunlevie
--------------------------------------------
Bruce W. Dunlevie
February 10, 2000 By: /s/ J. William Gurley
--------------------------------------------
J. William Gurley
February 10, 2000 By: /s/ Kevin R. Harvey
--------------------------------------------
Kevin R. Harvey
February 10, 2000 By: /s/ Robert C. Kagle
--------------------------------------------
Robert C. Kagle
February 10, 2000 By: /s/ Andrew S. Rachleff
--------------------------------------------
Andrew S. Rachleff
February 10, 2000 By: /s/ Steven M. Spurlock
--------------------------------------------
Steven M. Spurlock
