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Nokia Venture Partners

March 2001

Peter Buhl

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Nokia Venture Partners (NVP) - Overview

• $650 million under management • NVP Fund I - $150 million (Established Sept. 1998)• NVP Fund II - $500 million (Established Dec. 2000)

• NVP II value added Limited Partners: Nokia Corp., Goldman Sachs, CDBWebtech, BMC; key LPs in Japan and Hong Kong/China

• Investment Focus: Early stage companies in the US, Europe, and Asia

• Technology Focus:• Cross-platform & Cross-network• Mobile Internet• Broadband/Wireless Convergence

• 11 Investment Professionals in Menlo Park, Washington DC, London, Helsinki; Hong Kong and Tokyo later in 2001

• Fund Objective / Value Add

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Selected Investments

Recent Investments

Past Investments

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Mobile Internet - Revenue Opportunity

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Advertising

Entertainment

Information servicesTransactionalStreamingBrowsing

DownloadingTelematics

ChatMultimedia MessagingPicture Messaging

Text MessagingVideo Call

Normal Voice

Subscription

Downloading

Telematics

Text Messaging

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Investment Opportunities• Discontinuities in Internet/Wireless

convergence have created opportunities for significant new entrants

• Interoperability (IP to Wireless)• Many “standards” and formats• Geographies are evolving to next generation at

varying rates

• Location is a completely new dimension• Virtual vs. Physical

• Devices and Usage context are different • Limited capabilities of terminals• Trusted device: always with you, but always on• Different usage situations (e.g., driving, but not

“surfing”)