Introducing NetFuel

September 2000

NetFuel: Providing capital and talent to fuel

Internet start-ups

The goal: Highly successful client companies and high rates of return

for investors

Opportunity: Internet Infrastructure

Reaching $2.7 trillion by 2003, e-commerce is booming*

Internet infrastructure - including software and eServices - will be a $1.5 trillion market by 2003*

Infrastructure accounted for over 60% of venture capital investments in the first quarter, 2000**

* Forrester Research, 2000** PricewaterhouseCoopers Money Tree Report, 2000

Put infrastructure in place

Transition to independence

NetFuel’s SolutionGrowing start-ups from idea to independence

Identify great idea

Raise seed funding

Recruit team

Win customers

Raise capital

Deliver product

Previously EVP Marketing & Business Development at GE Capital where he oversaw a $4.5 billion asset portfolio and directed over $1.5 billion in investments

Seven years as a management consultant at McKinsey & Co. BS in Electrical Engineering from Northwestern University and MM from Northwestern University’s J.L. Kellogg

Graduate School of Management

Will GarrettManaging Director

Previously founder and Executive Vice President of WebYes, which was sold to Breakaway Solutions in June 1999

Former Strategic Account Manager for Lucent Technologies and integrated circuit designer at Texas Instruments BS in Electrical Engineering & Computer Science from Michigan State University

Michael LiddellCo-founder andManaging Director

Previously EVP Marketing and Strategy at fob.com, an e-procurement company for manufacturing raw materials; fob.com was funded for $44.5 million by Safegaurd Scientific, Foundation Capital, and William Blair

Seven years as a Research Director at Forrester Research managing research teams analyzing computing and network architectures, business applications, Internet business models, and CIO issues

BS in Computer Science from University of Pittsburgh and a Ph. D. from Tufts University

Waverly DeutschManaging Director

Experienced Management Team

Previously SVP and General Counsel at ShopExpert, a Lycos-backed eCommerce startup Formerly practicing attorney for Oppenheimer Wolff & Donnelly and Thompson & Mitchell BA in Economics & Political Science and JD from Washington University

Chris QuinnCo-founder andManaging Director

NetFuel

Incubators

Seed VCs

Angel Groups

SBIC

Seed-stage investment “idea on napkin”

Strategic services

Full infrastructure(space, payroll, inc.)

Full time recruiter

Chicago/Midwestfocus

Competitive Landscape

Full Some None

(Divine, Cambridge Incubator, eBlast)

(Chicago Ventures, First Analysis, Kettle Partners)

(Batterson Venture Partners, Devers Group)

(Illinois Venture Coalition, Open Prairie Ventures)

Examplecompanies

Strategic Relationships Andersen Consulting’s Dot.com Launch Centres

Seed stage deals too early for the launch center ARCH Development

Internet deal evaluation for tech transfer fund, co-development

Brainrush Midwest deals

Breakaway Systems Preferred technology hosting partner

Consolidated Commerce Partners in their NM4 services program for new exchanges

NetFuel’s Plans Four client companies by end of 2000 One company through the process, independent, and

generating revenue by end of 2000 Seven client companies per year average

Closing “bridge round” of $2 million Seeking series A of $4 million at $15 million valuation

Acquisition by consulting firm/incubator at 3x multiple of combined portfolio valuation

Convert to privately held with stock buy-back at high ROI for investors

IPO as operating company

Funding status

Exit strategy

NetFuel is:

Building very successful Internet infrastructure companies

Focusing on the underdeveloped Midwest

Offering IGnITE services -- fusing strategy, capital, operational experience, partnership development, operations resources, and recruiting

Next Steps

For additional investment information, please contact Chris Quinn at:

(312) 828-9975cquinn@netfuelventures.com

Conclusion