Garage.com Launches JumpStart 2000 — A Startup Summer Internship Program for MBA Candidates; MBA Candidates Will Gain Startup Experience At Early-stage High Tech Companies

Business Wire, March 30, 2000

Business Editors

PALO ALTO, Calif.--(BUSINESS WIRE)--March 30, 2000

Garage.com, an online venture capital company that helps entrepreneurs and investors create, build, and fund early-stage technology companies, today announced the launch of JumpStart 2000, a summer internship program designed to provide select first-year MBA candidates with valuable startup experience. Garage.com will place ten entrepreneurial business school students with Garage.com Portfolio companies for an intensive twelve-week summer internship program. Each student will have an opportunity to play a critical role in the development of a fast-growing high tech startup.

Garage.com Portfolio companies participating in JumpStart 2000 come from high tech industry sectors including: business-to-business e-commerce, business-to-consumer e-commerce, Internet tools and infrastructure, communications and networking, software, hardware, semiconductors, and life sciences.

"We want to provide a unique opportunity for MBA students to contribute to exciting high tech startups. JumpStart 2000 is a great way for our Portfolio companies to find smart, entrepreneurial business school students, who want to gain startup experience while learning about the world of high tech business," said Amy Vernetti, Garage.com's Human Capitalist.

Qualified students from the participating business schools are invited to apply to JumpStart 2000. This year, the participating schools include:

- Babson College, F.W. Olin Graduate School of Business - Carnegie Mellon University, Graduate School of Industrial

Administration - Columbia University, Graduate School of Business - Dartmouth College, Amos Tuck School of Business Administration - Duke University, The Fuqua School of Business - Harvard Business School - INSEAD - London Business School - Massachusetts Institute of Technology, Sloan School of Management - Northwestern University, Kellogg Graduate School of Management - New York University, Leonard N. Stern School of Business - Stanford University, Graduate School of Business - University of California-Berkeley, Haas School of Business - University of California-Los Angeles, The Anderson School - University of Chicago, Graduate School of Business - University of Pennsylvania, The Wharton School - University of Texas-Austin, Graduate School of Business - Yale University, School of Management

Jodi Kaelle from the MBA Career Management office at The Wharton School said, "Many of our students are budding entrepreneurs. JumpStart 2000 will give our MBA candidates a chance to help build startups into successful businesses. Wharton is thrilled to participate in Garage.com's JumpStart 2000 program."

Garage.com invites full-time, first-year MBA candidates from the participating business schools to apply through the JumpStart 2000 Web site. Garage.com will accept applications until April 10, 2000. For complete details, please visit: http://www.garage.com/jumpstart

About Garage.com

Garage.com helps promising early-stage startups find high quality venture capital, corporate, and angel investors. In 1999 Garage.com helped 40 technology startup companies raise more than $101 million in venture capital through its wholly-owned broker/dealer subsidiary Garage.com Securities. Garage.com has headquarters in Silicon Valley, and domestic offices in Austin, Boston, and Seattle. In addition, Garage.com recently opened international offices in Israel and London to serve the Israeli and European high tech startup communities.

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.

For questions regarding JumpStart 2000, please contact: jumpstart@garage.com