Meg Whitman, Mayo Shattuck and Robert Fisher Join Rosewood Venture Group's Advisory Board

Business Wire, April 26, 2000

Business Editors

SAN FRANCISCO--(BUSINESS WIRE)--April 26, 2000

Rosewood Venture Group announces the appointment of Meg Whitman, CEO of eBay, Mayo Shattuck, co-chairman of Deutsche Banc Alex. Brown and Robert Fisher, former president of the Gap, to the firm's board of advisors.

Since 1998, Meg Whitman has been at the helm of eBay, as the company has become the world's leading on-line person-to-person trading community. Mayo Shattuck has presided over Deutsche Banc Alex. Brown since 1987 and is credited with building the firm's Internet practice. In addition to being president of the Gap's U.S. operations, Bob Fisher led the Gap's initial development of their Internet business.

"We are pleased to have Meg, Mayo and Bob join our team," said Chip Adams, a Rosewood general partner. "Each has been instrumental in building the leading company in their industry. The addition of this group to our advisory board provides an even greater advantage to our portfolio companies including access to strategic partnerships and key customers."

Rosewood Venture Group also announced earlier this month that Robert Keller and Anne Martin had joined as general partners. Keller, formerly a managing director and head of the Internet investment banking practice at Chase H&Q, and Martin, who had been a managing director and head of the Internet investment banking group at Deutsche Banc Alex. Brown, will oversee Rosewood's investments in the media, services and infrastructure sectors of the Internet. Over the past five years, Keller and Martin managed financing for leading Internet companies such as CNET, Amazon.com, @Home, eBay, Exodus, Vignette and CBS MarketWatch.

About Rosewood Venture Group

Rosewood Venture Group was established in 1986 and is funded by leading foundations, universities and families. Rosewood Venture Group's Internet portfolio includes companies such as PeoplePC, Celox Networks, iMotors.com, BuyMedia.com, AlphaDog Procurement Management, Xpede.com, Viva.com, SpringStreet.com and UltimateBid.com.