-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VbC/KSj43YWIND4xPcJXPTMUC8OajmU2mOXZsaZvv8f1Qg+BvA6f1xiuvYH4CG8u iNTqXPT/5IUnkl3TZgtE6w== 0000950005-03-000260.txt : 20030214 0000950005-03-000260.hdr.sgml : 20030214 20030214125227 ACCESSION NUMBER: 0000950005-03-000260 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030214 GROUP MEMBERS: FC LEADERSHIP MANAGEMENT CO., L.L.C. GROUP MEMBERS: FOUNDATION CAPITAL II ENTREPRENEURS FUND, L.L.C. GROUP MEMBERS: FOUNDATION CAPITAL II PRINCIPALS FUND, L.L.C. GROUP MEMBERS: FOUNDATION CAPITAL II, L.P. GROUP MEMBERS: FOUNDATION CAPITAL LEADERSHIP FUND, L.P. GROUP MEMBERS: FOUNDATION CAPITAL LEADERSHIP PRINCIPALS FUND, L.L.C. GROUP MEMBERS: FOUNDATION CAPITAL MANAGMENT CO. II, L.L.C. FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FOUNDATION CAPITAL II LP CENTRAL INDEX KEY: 0001105843 IRS NUMBER: 943294074 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 70 WILLOW RD STREET 2: SUITE 200 CITY: MENLO PARK STATE: CA ZIP: 94025 BUSINESS PHONE: 6506140500 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NETFLIX INC CENTRAL INDEX KEY: 0001065280 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-VIDEO TAPE RENTAL [7841] IRS NUMBER: 770467272 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-78283 FILM NUMBER: 03565112 BUSINESS ADDRESS: STREET 1: 970 UNIVERSITY AVENUE STREET 2: . CITY: LOS GATOS STATE: CA ZIP: 95032 BUSINESS PHONE: 4083993700 MAIL ADDRESS: STREET 1: 970 UNIVERSITY AVENUE CITY: LOS GATOS STATE: CA ZIP: 95032-7606 FORMER COMPANY: FORMER CONFORMED NAME: NETFLIX COM INC DATE OF NAME CHANGE: 20000229 SC 13D/A 1 p16667_sc13da.txt AMENDMENT NO. 1 TO SC 13D SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ------------ SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) (Amendment No. 1)* Netflix, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 64110L106 - -------------------------------------------------------------------------------- (CUSIP Number) Theodore R. Meyer 70 Willow Road, Suite 200 Menlo Park, CA 94024 650/614-0500 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [ ] Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See ss.240.13d-7 for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). (Page 1 of 14 Pages) CUSIP No. 64110L106 SCHEDULE 13D Page 2 of 14 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Foundation Capital II, L.P. 94-3294074 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware, United States of America - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 932,392 shares -------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 0 shares OWNED BY -------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 932,397 shares WITH -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 shares - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 932,397 shares - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.4% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 64110L106 SCHEDULE 13D Page 3 of 14 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Foundation Capital II Entrepreneurs Fund, L.L.C. 94-3301748 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware, United States of America - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 109,692 shares -------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 0 shares OWNED BY -------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 109,692 shares WITH -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 shares - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 109,692 shares - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.4% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 64110L106 SCHEDULE 13D Page 4 of 14 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Foundation Capital II Principals Fund, L.L.C. 94-3296579 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware, United States of America - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 54,844 shares -------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 0 shares OWNED BY -------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 54,844 shares WITH -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 shares - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 54,844 shares - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.2% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 64110L106 SCHEDULE 13D Page 5 of 14 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Foundation Capital Management Co. II, L.L.C. 94-3294072 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware, United States of America - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 1,096,933 shares -------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 0 shares OWNED BY -------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 1,096,933 shares WITH -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 shares - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,096,933 shares - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 64110L106 SCHEDULE 13D Page 6 of 14 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Foundation Capital Leadership Fund, L.P. 94-3370925 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware, United States of America - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 1,694,821 shares -------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 0 shares OWNED BY -------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 1,694,821 shares WITH -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 shares - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,694,821 shares - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.1% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 64110L106 SCHEDULE 13D Page 7 of 14 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Foundation Capital Leadership Principals Fund, L.L.C. 94-3377483 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware, United States of America - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 45,200 shares -------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 0 shares OWNED BY -------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 45,200 shares WITH -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 shares - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 45,200 shares - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.2% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 64110L106 SCHEDULE 13D Page 8 of 14 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) FC Leadership Management Co., L.L.C. 91-2076858 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware, United States of America - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 1,740,021 shares -------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 0 shares OWNED BY -------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 1,740,021 shares WITH -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 shares - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,740,021 shares - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.3% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Item 1 Security and Issuer (a) Name of the Issuer: Netflix, Inc. (the "Issuer") (b) Title of Security: Common Stock, par value $0.001 per share (the "Common Stock") (c) The Issuer's principal executive office: 970 University Avenue Los Gatos, CA 95032 Item 2 Identity and Background (a) Name: Foundation Capital II, L.P. ("FC2") Foundation Capital II Entrepreneurs Fund, L.L.C. ("FC2E") Foundation Capital II Principals Fund, L.L.C. ("FC2P") Foundation Capital Management Co. II, L.L.C. ("FC2M") Foundation Capital Leadership Fund, L.P. ("FCL") Foundation Capital Leadership Principals Fund, L.L.C. ("FCLP") FC Leadership Management Co., L.L.C. ("FCLM") (b) Residence or business address: c/o Foundation Capital 70 Willow Road, Suite 200 Menlo Park, CA 94025 (c) Principal Business/Principal Occupation: The principal business of FC2, FC2E and FC2P is acting as venture capital investment vehicles. FC2M serves as the sole general partner of FC2 and the sole manager of FC2E and FC2P. The principal business of FCL and FCLP is acting as venture capital investment vehicles. FCLM serves as the sole general partner of FCL and the sole manager of FCLP. (d) Convictions in criminal proceedings in the last 5 years: None. (e) Judgments for violations of Securities Laws in the last 5 years: None. (f) Citizenship: Entities: FC2 - Delaware FC2E - Delaware FC2P - Delaware FC2M - Delaware FCL - Delaware FCLP - Delaware FCLM - Delaware Item 3 Source and Amount of Funds or Other Consideration Not applicable. Item 4 Purpose of Transaction FC2, FC2E, FC2P, FC2M, FCL, FCLP and FCLM acquired the Common Stock for investment purposes. Subject to applicable legal requirements, Reporting Persons may purchase additional Common Stock from time to time in open market or in private transactions, depending on their evaluation of Issuer's business, prospects and financial condition, the market for the Common Stock, other developments concerning Issuer, the reaction of Issuer to Reporting Person's ownership of Common Stock, other opportunities available to Reporting Persons, and general economic, money market and stock market conditions. In addition, depending upon the factors referred to above, Reporting Persons may dispose of all or a portion of their Common Stock at any time. Other than as described in this Item 4, Reporting Persons do not have any plan or proposal relating to, or that would result in, any event described in (a)-(j) of this Item 4. Item 5 Interest in Securities of the Issuer The following information with respect to the ownership of the Common Stock of the Issuer by the persons filing this Statement is provided as of December 31, 2002:
===================================================================================================================== Ownership/Power FC2 FC2E FC2P FC2M FCL FCLP FCLM - --------------------------------------------------------------------------------------------------------------------- Beneficial Ownership 932,397 109,692 54,844 1,096,933 1,694,821 45,200 1,740,021 - --------------------------------------------------------------------------------------------------------------------- Percentage of Class 3.4 0.4 0.2 4.0 6.1 0.2 6.3 - --------------------------------------------------------------------------------------------------------------------- Sole Voting Power 932,397 109,692 54,844 1,096,933 1,694,821 45,200 1,740,021 - --------------------------------------------------------------------------------------------------------------------- Shared Voting Power 0 0 0 0 0 0 0 - --------------------------------------------------------------------------------------------------------------------- Sole Dispositive Power 932,397 109,692 54,844 1,096,933 1,694,821 45,200 1,740,021 - --------------------------------------------------------------------------------------------------------------------- Shared Dispositive Power 0 0 0 0 0 0 0 =====================================================================================================================
Item 6 Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer Not applicable. Item 7 Material to be filed as Exhibits Exhibit A: Joint Filing Statement After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: February 13, 2003 FOUNDATION CAPITAL MANAGEMENT CO. II, L.L.C. By: /s/ William B. Elmore -------------------------------------------------- Member FOUNDATION CAPITAL II, L.P. By: Foundation Capital Management Co. II, L.L.C. its General Partner By: /s/ William B. Elmore -------------------------------------------------- Member FOUNDATION CAPITAL II ENTREPRENEURS FUND, L.L.C. By: Foundation Capital Management Co. II, L.L.C. its Manager By: /s/ William B. Elmore -------------------------------------------------- Member FOUNDATION CAPITAL II PRINCIPALS, L.L.C. By: Foundation Capital Management Co. II, L.L.C. its Manager By: /s/ William B. Elmore -------------------------------------------------- Member FC LEADERSHIP MANAGEMENT CO., L.L.C. By: /s/ William B. Elmore -------------------------------------------------- Member FOUNDATION CAPITAL LEADERSHIP FUND, L.P. By: FC Leadership Management Co., L.L.C. its General Partner By: /s/ William B. Elmore -------------------------------------------------- Member FOUNDATION CAPITAL LEADERSHIP PRINCIPALS FUND, L.L.C. By: FC Leadership Management Co., L.L.C. its Manager By: /s/ William B. Elmore -------------------------------------------------- Member EXHIBIT A We, the undersigned, hereby express our agreement that the attached Schedule 13D (or any amendments thereto) relating to the Common Stock of Netflix, Inc. is filed on behalf of each of us. Dated: February 13, 2003 FOUNDATION CAPITAL MANAGEMENT CO. II, L.L.C. By: /s/ William B. Elmore -------------------------------------------------- Member FOUNDATION CAPITAL II, L.P. By: Foundation Capital Management Co. II, L.L.C. its General Partner By: /s/ William B. Elmore -------------------------------------------------- Member FOUNDATION CAPITAL II ENTREPRENEURS FUND, L.L.C. By: Foundation Capital Management Co. II, L.L.C. its Manager By: /s/ William B. Elmore -------------------------------------------------- Member FOUNDATION CAPITAL II PRINCIPALS FUND, L.L.C. By: Foundation Capital Management Co. II, L.L.C. its Manager By: /s/ William B. Elmore -------------------------------------------------- Member FC LEADERSHIP MANAGEMENT CO., L.L.C. By: /s/ William B. Elmore -------------------------------------------------- Member FOUNDATION CAPITAL LEADERSHIP FUND, L.P. By: FC Leadership Management Co., L.L.C. its General Partner By: /s/ William B. Elmore -------------------------------------------------- Member FOUNDATION CAPITAL LEADERSHIP PRINCIPALS FUND, L.L.C. By: FC Leadership Management Co., L.L.C. its Manager By: /s/ William B. Elmore -------------------------------------------------- Member -----END PRIVACY-ENHANCED MESSAGE-----