<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
EARTHWEB INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock $.01 par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
27032 C 10 8
- --------------------------------------------------------------------------------
(CUSIP Number)
*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 the
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).
<PAGE>
SCHEDULE 13G
---------------------------
CUSIP NO. 27032 C 10 8
---------------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSONS
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Warburg, Pincus Ventures, L.P. 13-3784037
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF
-0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 1,817,093
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING
-0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,817,093
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,817,093
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
18.5%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
PN
- ------------------------------------------------------------------------------
<PAGE>
- ---------------------------
CUSIP No. 27032 C 10 8
- ---------------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSONS
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
E.M. Warburg, Pincus & Co., LLC 13-3536050
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
New York
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF
-0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 1,817,093
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING
-0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,817,093
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,817,093
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
18.5%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
OO
- ------------------------------------------------------------------------------
<PAGE>
- ---------------------------
CUSIP No. 27032 C 10 8
- ---------------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSONS
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Warburg, Pincus & Co. 13-6358475
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
New York
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF
-0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 1,817,093
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING
-0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,817,093
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,817,093
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
18.5%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
PN
- ------------------------------------------------------------------------------
<PAGE>
Schedule 13G
Item 1.
(a) Name of Issuer:
EarthWeb Inc.
(b) Address of Issuer's Principal Executive Offices:
3 Park Avenue
New York, NY 10016
Item 2.
(a) Name of Person Filing:
Warburg, Pincus Ventures, L.P.
E.M. Warburg, Pincus & Co., LLC
Warburg, Pincus & co
All of the shares indicated are owned by directly by Warburg, Pincus
Ventures, L.P. ("WPV"). Warburg, Pincus & Co. ("WP"), the sole general
partner of WPV, has a 15% interest in the profits of WPV, and also owns
approximately 1.2% of the limited partnership interests in WPV. Lionel I.
Pincus is the managing partner of WP and the managing member of E.M.
Warburg, Pincus & Co., LLC ("EMW LLC") and may be deemed to control both WP
and EMW LLC. The members of EMW LLC are substantially the same as the
partners of WP.
(b) Address of Principal Business Office or, if none, Residence:
466 Lexington Avenue
New York, NY 10017
(c) Citizenship:
New York
(d) Title of Class of Securities:
Common Stock $.01 par value
<PAGE>
(e) CUSIP Number:
27032 C 10 8
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b)
or(c), check whether the person filing is:
Not applicable.
Item 4. Ownership.
(a) Amount Beneficially Owned:
1,817,093 shares of Common Stock
(b) Percent of Class: 18.5%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
(ii) Shared power to vote or to direct the vote
1,817,093 shares of Common Stock
(iii) Sole power to dispose or to direct the disposition of
(iv) Shared power to dispose or to direct the disposition of
1,817,093 shares of Common Stock
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
<PAGE>
Item 9. Notice of Dissolution of a Group.
Not applicable.
Item 10. Certification.
Not applicable.
<PAGE>
SIGNATURE
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
WARBURG, PINCUS VENTURES, L.P.
BY: Warburg, Pincus & Co., General Partner
By: /s/ Stephen Distler
-------------------------------------
Stephen Distler, Partner
E.M. WARBURG, PINCUS & CO., LLC
By: /s/ Stephen Distler
-------------------------------------
Stephen Distler, Member
WARBURG, PINCUS & CO
By: /s/ Stephen Distler
-------------------------------------
Stephen Distler, Partner
