AllBusiness.com Announces $10 Million Venture Financing

San Bruno, Calif. July 20, 2004 -- AllBusiness.com, Inc. (www.AllBusiness.com) announced today a venture capital round of Series B financing of $10 million from VantagePoint Venture Partners, one of the largest and most active venture capital funds in the nation.

AllBusiness.com operates one of the premier sites on the Web for entrepreneurs and owners and operators of small businesses. The site has been recognized as one of the best on the Web by Forbes, Fortune, The Wall Street Journal, BusinessWeek and other publications. The site contains thousands of pages of valuable information, advice, forms, questions and answers, products, services, business guides, comparison shopping for business products, a small business association, discounts, and more.

As part of the VantagePoint financing, David Carlick and Rodi Guidero of VantagePoint have joined the company's Board of Directors. Mr. Carlick was the co-founder of the leading Internet ad network company DoubleClick. He also sits on the Board of Directors of AskJeeves (search and related services), InterMix Media (online direct marketing and entertainment), and other Internet related companies. Mr. Guidero is responsible for the structuring and execution of the investments made by VantagePoint. He was formerly with E*Trade where he focused on strategic investments and business development transactions and will assist in the Company's business development and acquisition strategies.

"We think that AllBusiness.com is poised to become the Yahoo for small business," said David Carlick, Managing Director, VantagePoint. "We are tremendously excited about the opportunity to assist in the further growth of the company."

"This financing will help us advance our mission-- to provide valuable and engaging resources and continue our leadership as the online center for small businesses," said Richard Harroch, the Chairman of AllBusiness.com. "Profitable and meaningful business models have emerged as the Internet has matured, and we think this is the perfect time to expand the offerings and reach of AllBusiness.com," said Mr. Harroch Proceeds from the financing will be used to add additional employees, enhance the company's marketing and advertising efforts, expand strategic partnerships and make acquisitions.

About AllBusiness.com
AllBusiness.com (www.AllBusiness.com) operates one of the premier sites on the Web for small businesses. The site was founded in 1999, and has received critical acclaim from The Wall Street Journal, Forbes, BusinessWeek, Business 2.0, Fortune, and other publications as one of the best business sites on the Web. The site provides quality information, products, services, and solutions to small and growing businesses. Through the AllBusiness Web site, entrepreneurs, businesses, consultants, and business professionals are able to access a comprehensive set of information, directories, tools, forms, and services to start and grow a business, solve business problems, raise capital, enhance sales and marketing, save money, obtain strategic advice, comparison shop, and leverage the business community. In March of 2000, the entity that owned the site was sold for $225 million to an affiliate of GE. In April of 2002, the site was purchased by a privately held company. For more information, visit www.AllBusiness.com.

About VantagePoint Venture Partners
VantagePoint Venture Partners is one of the nation's most prominent venture firms with more than $2.5 billion in committed capital in four funds. The Firm is an active multi-stage investor providing funding and resources for all stages of a company's lifecycle from seed round through late stage and privately negotiated investments in public companies. VantagePoint is based on a full-service 'Partner-Team' approach that provides entrepreneurs with a blend of technology, venture capital, operations, marketing, and corporate-finance expertise. The Firm is focused on technology investments in the CleanTech, Healthcare, Communications, Semiconductor and Components, and Software and Internet sectors. More information about VantagePoint is available at www.vpvp.com.

For further information,
Please contact:

Christine Hinton of VantagePoint Venture Partners,
650-866-3100, chinton@vpvp.com

Michael Mimeles of AllBusiness.com, Inc.,
650-246-1802, mmimeles@allbusiness.com