Cambridge Incubator, Draper Fisher Jurvetson Launch $100 Million DFJ New England Fund.

Business/Technology Editors

CAMBRIDGE, Mass.--(BUSINESS WIRE)--May 9, 2000

Successful Entrepreneur, Venture Capitalist Scott

Johnson Joins Cambridge Incubator to Manage Fund's

Investments in Early-Stage Internet Businesses

Cambridge Incubator (CI), the Boston area's first e-business incubator, announced today that it has named Scott Johnson as managing director and managing partner for the DFJ New England Fund I, LP. Mr. Johnson, who formerly held senior management positions with Cambridge Technology Capital Fund and InterSense, will direct the $100 million fund in targeting emerging e-businesses including, but not exclusive to CI member companies.

"We are excited about the opportunity to work with Draper Fisher Jurvetson in launching this next-generation fund," said Tim Rowe, CEO and co-founder of Cambridge Incubator. "Scott's experience as both a successful entrepreneur and an accomplished investor will be invaluable as we look to identify and grow strong, sustainable Internet businesses."

Mr. Johnson has broad experience as a high tech entrepreneur and venture investor. Most recently, he was the east-coast partner of the Cambridge Technology Capital Fund, a venture capital fund managed by Cambridge Technology Partners (NASDAQ: CATP). In 1996, he co-founded InterSense, Inc. (www.isense.com), a venture-funded, rapidly growing 3D visualization company based in Burlington, Mass. Mr. Johnson began his career as a founding employee of Cambridge Technology Partners, a global systems integration and consulting company.

"We feel this is an excellent opportunity to provide a unique value to emerging businesses," said John Fisher, managing director of Draper Fisher Jurvetson. "By combining the power and reach of DFJ with the acceleration capabilities of Cambridge Incubator our Fund will offer the area's most compelling value proposition to seed-stage companies."

As the traditional venture capital industry has exploded, with $500 million to $1 billion funds, emerging and seed-stage businesses have turned to angel investors who provide critical advice and connections, but not the services and infrastructure needed to enable them to grow their businesses quickly and efficiently. The DFJ New England Fund bridges that gap, offering entrepreneurial teams an unmatched combination of experience in venture investing; a bi-coastal network of companies and contacts; and active incubation services.

About Cambridge Incubator

Based in Cambridge, MA, Cambridge Incubator has pioneered Active Incubation, a new business model that creates successful e-businesses in record time, bringing together an unprecedented level of collaboration, applied industry experience and capital. Through its unique Venture Campus environment, Cambridge Incubator helps emerging e-businesses develop and execute winning strategies to rapidly navigate the course from idea inception to market success. A partial list of Cambridge Incubator's member companies includes: BrandStamp, PeopleStreet, Veritas Medicine and Secure Sponsorship. Visit www.cambridgeincubator.com for more information.

About Draper Fisher Jurvetson

Draper Fisher Jurvetson, is the leading early stage information technology venture capital firm. Headquartered in Redwood City, California, Draper Fisher Jurvetson manages over $1 billion in committed capital and has developed a large network of highly successful Internet portfolio companies including Digital Impact, FogDog, Wit Capital, GoTo.com, Tumbleweed Communications, Kana Communications and NetZero. Draper Fisher Jurvetson pursues a people/market/technology approach to venture capital investing, funding entrepreneurs with the energy, vision, experience and desire to build great companies. For more information about Draper Fisher Jurvetson see www.dfj.com.