Garage.com Receives $12 Million Investment from ETRADE, ATV, Mayfield Fund, and Credit Suisse First Boston Technology Group

Business Wire, Sept 13, 1999

PALO ALTO, Calif.--(BUSINESS WIRE)--Sept. 13, 1999--

Web-based Firm Raises More Than $60 Million for

20 Technology Startups in 1999

Garage.com, a Web-based early-stage venture financing firm, today announced it has successfully completed a $12 million round of financing led by E

RADE Group (NASDAQ: EGRP) with additional
investments from Advanced Technology Ventures, Mayfield Fund, Credit
Suisse First Boston Technology Group, and other investors.
     Garage.com will use the funds to continue to expand its
operations from Silicon Valley, Boston, and Seattle into high tech
centers throughout the United States and around the world.
     "The private equity market is experiencing explosive growth.
Thousands of talented entrepreneurs in garages around the world need
seed capital to get their companies up and running," said Guy
Kawasaki, CEO of Garage.com. "Garage.com successfully partners
talented entrepreneurs with strategic investors, helping them build
great high tech companies. The additional capital from E*TRADE and our
other investors allows us to grow rapidly, expand into high tech
corridors around the world, and further reinforces Garage.com's
position as a leader in this market."
     Garage.com, through its wholly-owned broker/dealer subsidiary,
Garage.com Securities, has helped 20 technology startup companies
raise more than $60 million in seed capital since January 1, 1999.
Among the recently funded startups are iCopyright, Korobra, Tripwire
Security Systems, Startups.com, Virtualis, and WebOrder.

Garage.com Powers High Tech Startups

     Garage.com uses the Web to match high-quality entrepreneurs with
experienced high tech venture investors. A network of leading
professional service firms including PricewaterhouseCoopers, ABD
Services, Venture Law Group, Silicon Valley Bank, and Heidrick &
Struggles supports Garage.com and its startups.
     "Garage.com will provide E*TRADE with access to a steady stream
of high-quality startup investment opportunities," said Tom
Bevilacqua, E*TRADE's executive vice president of corporate
development and strategic investments. "E*TRADE will leverage
Garage.com's proven ability to identify emerging trends in
technology and investment strategies, and together we will work to
create new services for our customers."

About Garage.com

     Garage.com offers entrepreneurs and investors an innovative,
Web-based approach to high tech and medical sciences venture financing
and investing. In conjunction with its broker/dealer affiliates,
garage.com helps entrepreneurs attract the high quality investors they
need, and investors find the outstanding startups they want to fund.
Founding sponsors of Garage.com include Venture Law Group, Advanced
Technology Ventures, PricewaterhouseCoopers, Microsoft, ABD Services,
Credit Suisse First Boston Technology Group, Heidrick & Struggles, and
Silicon Valley Bank. Find out more by visiting
http://www.garage.com/inTheNews.shtml.

About E*TRADE

     E*TRADE, a global leader in online personal financial services,
has emerged as the world's most-visited online investing site. The
content-rich destination E*TRADE Web site offers value-added investing
and research features, premium customer service, and a fully
redundant, proprietary Stateless Architecture(SM) infrastructure.
E*TRADE intends to expand its global positioning by launching branded
Web sites in the top 20 financial markets worldwide. E*TRADE
Securities Inc. (Member NASD/SIPC), and its parent company, E*TRADE
Group Inc., are headquartered in Menlo Park, Calif.

About Advanced Technology Ventures

     Advanced Technology Ventures is a leading bi-coastal venture
capital firm focusing on opportunities in information technology and
health care. ATV's management experience, technology expertise, global
network of industry contacts, and collaborative style has helped more
than 100 companies navigate from inception to IPO and beyond. With
more than $300 million currently under management, ATV's investment
philosophy centers on collaborative, active participation with the
management teams of its portfolio companies. For more information,
visit http://www.atvcapital.com.

About Mayfield Fund

     Mayfield Fund is a private venture capital partnership based in
Menlo Park, California. Since Mayfield's founding in 1969, the firm
has invested in more than 300 companies and has taken approximately 85
companies public. Today, these Mayfield-backed companies represent an
aggregate market value of more than $100 billion. A partial list of
Mayfield's portfolio companies include: BroadVision, Inc; Citrix
Systems; Compaq Computers; Legato Systems, Inc.; Millennium
Pharmaceuticals; Redback Networks; and Third Voice, Inc. Find out more
by visiting http://www.mayfield.com/.

About Credit Suisse First Boston

     Credit Suisse First Boston is a leading global investment banking
firm, providing comprehensive financial advisory, capital raising,
sales and trading, and financial products for users and suppliers of
capital around the world. It operates in over 60 offices across more
than 30 countries and has over 14,000 employees. For the year ended
December 31, 1998, CSFB had $6.7 billion in revenues, $7.1 billion in
equity, and $291 billion in assets. The Firm is a wholly-owned
subsidiary of the Zurich-based Credit Suisse Group.

     Important Notice: Garage.com and the Garage.com logo are
trademarks of Garage.com. Additional company and product names may be
trademarks or registered trademarks of the individual companies and
are respectfully acknowledged. Garage.com is not a registered
broker/dealer and engages in the offer or sale of securities only
through its wholly-owned broker/dealer subsidiary, Garage.com
Securities. That subsidiary oversees and executes all of the
securities aspects of the business while the parent company,
Garage.com, manages the information aspects. The statements contained
in this news release that are forward-looking are based on current
expectations that are subject to a number of uncertainties and risks,
and actual results may differ materially.

     NOTE TO EDITORS: The company name E*TRADE has an asterisk
between the E and T.  This symbol may not appear properly in some
systems.