<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
WATTAGE MONITOR INC.
---------------------
(Name of Issuer)
Common Stock, Par Value $.01
-----------------------------
(Title of Class of Securities)
94274R1023
-----------
(CUSIP Number)
David S. Brosgol, Esq. Frode Jensen, Esq.
Weiss, Peck & Greer, LLC Pillsbury Winthrop LLP
One New York Plaza Financial Centre
New York, NY 10004 695 East Main Street
212-908-9789 Stamford, CT 06904
203-348-2300
--------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
December 28, 2000
------------------
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
Schedule because of Rule 13d-1(b)(3) or (4), check the following: [ ]
<PAGE> 2
SCHEDULE 13D
<TABLE>
<CAPTION>
--------------------------------
CUSIP NO. 94274R1023
-----------
--------------------------------
<S> <C>
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Weiss, Peck & Greer, LLC
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 0
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 22,185,629(1)
EACH PERSON 9. SOLE DISPOSITIVE POWER
0
10. SHARED DISPOSITIVE POWER
22,185,629(1)
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
22,185,629(1)
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
[ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT ON ROW (11)
49.9%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IA, BD, OO
--------------------------------------------------------------------------------
</TABLE>
<PAGE> 3
SCHEDULE 13D
<TABLE>
<CAPTION>
--------------------------------
CUSIP NO. 94274R1023
-----------
--------------------------------
<S> <C>
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
WPG Software Fund, L.P.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 0
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 5,316,730(1)
EACH PERSON
9. SOLE DISPOSITIVE POWER
0
10. SHARED DISPOSITIVE POWER
5,316,730 (1)
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,316,730 (1)
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT ON ROW (11)
12.0%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
</TABLE>
<PAGE> 4
SCHEDULE 13D
<TABLE>
<CAPTION>
--------------------------------
CUSIP NO. 94274R1023
-----------
--------------------------------
<S> <C>
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
WPG Raytheon Software Fund, L.P.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 0
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 9,269,738(1)
EACH PERSON
9. SOLE DISPOSITIVE POWER
0
10. SHARED DISPOSITIVE POWER
9,269,738 (1)
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,269,738(1)
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
[ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT ON ROW (11)
20.8%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
</TABLE>
<PAGE> 5
SCHEDULE 13D
<TABLE>
<CAPTION>
--------------------------------
CUSIP NO. 94274R1023
-----------
--------------------------------
<S> <C>
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
WPG Institutional Software Fund, L.P.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 0
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 7,599,161(1)
EACH PERSON
9. SOLE DISPOSITIVE POWER
0
10. SHARED DISPOSITIVE POWER
7,599,161(1)
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,599,161(1)
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
[ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT ON ROW (11)
17.1%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
</TABLE>
<PAGE> 6
SCHEDULE 13D
<TABLE>
<CAPTION>
--------------------------------
CUSIP NO. 94274R1023
-----------
--------------------------------
<S> <C>
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Benjamin J. Taylor
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
--------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 0
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 5,316,730(1)
EACH PERSON
9. SOLE DISPOSITIVE POWER
0
10. SHARED DISPOSITIVE POWER
5,316,730(1)
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,316,730(1)
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
[ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT ON ROW (11)
12.0%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
</TABLE>
<PAGE> 7
(1) WPG Software Fund, L.P., directly owns 5,316,730 shares; WPG
Raytheon Software Fund, L.P., directly owns 9,269,738 shares; and WPG
Institutional Software Fund, L.P., directly owns 7,599,161 shares. Weiss, Peck &
Greer, LLC, is the general partner and discretionary investment advisor of WPG
Software Fund, L.P., WPG Raytheon Software Fund, L.P., and WPG Institutional
Software Fund, L.P., (collectively, the "WPG Funds") and may be deemed to have
shared voting and dispositive power with respect to the shares owned by the WPG
Funds. Benjamin J. Taylor is a general partner of WPG Software Fund, L.P. and
may be deemed to have shared voting and dispositive power with respect to the
5,316,730 shares owned by that fund.
ITEM 1. SECURITY AND ISSUER
This statement relates to the common stock, $0.01 par value per share
(the "Common Stock"), of WATTAGE MONITOR INC., a Nevada corporation (the
"Issuer"). The Issuer's principal executive offices are located at 110 Kietzke
Lane, Reno, Nevada 89502.
ITEM 2. IDENTITY AND BACKGROUND
The persons filing this statement are each of the WPG Funds, Weiss, Peck
& Greer, LLC, and Mr. Taylor (collectively, the "Reporting Persons"). The WPG
Funds are each Delaware limited partnerships whose principal business is
investing in various companies. The principal offices of the WPG Funds are
located at One New York Plaza, New York, New York 10004.
Weiss, Peck & Greer, LLC, is a Delaware limited liability company whose
principal business is to provide discretionary investment management services to
institutional clients. The principal offices of Weiss, Peck & Greer, LLC, are
located at One New York Plaza, New York, New York 10004. The members of the
executive committee of Weiss, Peck & Greer, LLC are Stephen Weiss, Roger Weiss,
Philip Greer, Gill Cogan, Wesley Lang, Constant Korthout, and Ronald Hoffner
(collectively, the "WPG Managing Members"). The business address of each of the
WPG Managing Members is One New York Plaza, New York, New York 10004.
Benjamin J. Taylor is the co-general partner of WPG Software Fund, L.P.
Mr. Taylor's business address is One New York Plaza, New York, New York 10004.
During the last five years, none of the Reporting Persons or, to the
best of the Reporting Persons' knowledge, the WPG Managing Members have been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors) or been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction as a result of which he or it is
or was subject to a judgment, decree or final order enjoining future violations
of, or prohibiting or mandating activities subject to, federal or state
securities laws or finding any violation with respect to such laws.
ITEM 3: SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Each of the WPG Funds funded its purchases of the Common Stock from its
own working capital. None of the funds used to purchase such securities
consisted of funds or other
<PAGE> 8
consideration borrowed or otherwise obtained for the purpose of acquiring,
holding, trading or voting the shares of common stock.
ITEM 4. PURPOSE OF TRANSACTION
The WPG Funds effected the transaction reported in this statement in the
ordinary course of business for investment purposes. From time to time, the WPG
Funds may acquire additional shares of the Issuer's common stock or dispose of
some or all of the shares owned by them. None of the Reporting Persons has any
other plans that relate to or would result in any of the items listed in
paragraphs (a) through (j) of Item 4.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) and (b) The following is the amount of Common Stock that is
beneficially owned by each Reporting Person:
<TABLE>
<CAPTION>
Aggregate # Percentage
Name of Shares of Class
---- ----------- ----------
<S> <C> <C>
WPG Software Fund, L.P. 5,316,730 12.0%
WPG Raytheon Software,
Fund, L.P. 9,269,738 20.8%
WPG Institutional Software
Fund, L.P. 7,599,161 17.1%
</TABLE>
As the general partner and discretionary investment advisor of the WPG
Funds, Weiss, Peck & Greer, LLC shares voting and dispositive power over the
22,185,729 shares of Common Stock owned by the WPG Funds and may be deemed
beneficially to own such shares, representing approximately 49.9% of the
outstanding shares of Common Stock.
As the co-general partner of the WPG Software Fund, L.P., Mr. Taylor
shares voting and dispositive power over the 5,316,830 shares of Common Stock
owned by the WPG Software Fund, L.P., and may be deemed beneficially to own such
shares, representing approximately 12.0% of the outstanding shares of common
stock of the Issuer.
(c) On September 30, 2000, a limited partner of WPG Software Fund, L.P.,
received 3,700 shares of Common Stock in a redemption of its share of the
fund. On January 2, 2001, that limited partner returned the shares as part of
its reinvestment in the fund.
(d) Except as set forth above, no other person is known to have the
right to receive or the power to direct the receipt of dividends from, or the
proceeds from the sale of, the shares of common stock of the Issuer.
(e) Not applicable.
<PAGE> 9
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
Except to the extent described in Items 2 and 5, none of the persons
identified in Item 2 is a party to any contract, arrangement, understanding or
relationship with respect to any securities of the Issuer.
Item 7. Material To Be Filed as Exhibits
Exhibit A Joint Filing Agreement
Exhibit B Powers of Attorney related to Weiss, Peck & Greer, LLC,
WPG Software Fund, L.P., WPG Raytheon Software Fund,
L.P., WPG Institutional Software Fund, L.P., and
Benjamin J. Taylor
<PAGE> 10
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: January 8, 2001
WEISS, PECK & GREER, LLC
By: /s/ David S. Brosgol
---------------------------
Name: David S. Brosgol
Title: Attorney-in-Fact
WPG SOFTWARE FUND, L.P
By: /s/ David S. Brosgol
---------------------------
Name: David S. Brosgol
Title: Attorney-in-Fact
WPG RAYTHEON SOFTWARE FUND, L.P
By: /s/ David S. Brosgol
---------------------------
Name: David S. Brosgol
Title: Attorney-in-Fact
WPG INSTITUTIONAL SOFTWARE FUND, L.P
By: /s/ David S. Brosgol
---------------------------
Name: David S. Brosgol
Title: Attorney-in-Fact
BENJAMIN J. TAYLOR
By: /s/ David S. Brosgol
---------------------------
Name: David S. Brosgol
Title: Attorney-in-Fact
<PAGE> 11
EXHIBIT INDEX
Exhibit Description
Exhibit A Joint Filing Agreement
Exhibit B Powers of Attorney related to Weiss, Peck & Greer, LLC, WPG
Software Fund, L.P., WPG Raytheon Software Fund, L.P., WPG
Institutional Software Fund, L.P., and Benjamin J. Taylor
