The fund focuses on investing in startups that are 4-5 years old and has a portfolio that includes successful companies like ApplianceWare. They have a particular interest in the Delivery and Telecommunications sectors. The fund typically participates in investment rounds with 8 participants and has notable sponsors such as JK&B Capital and Hambrecht & Quist Capital Management. They generally invest in deals ranging from $50 to $100 million and are involved in less than 2 deals per year. The fund's most active year was 2000.