SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) (Amendment No. 1) InterNap Network Services Corporation ------------------------------------- (Name of Issuer) Common Stock, $0.001 par value ------------------------------ (Title of Class of Securities) 45885A-10-2 ----------- (CUSIP Number) December 31, 2000 ----------------- (Date of Event Which Requires Filing of This Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [ ] Rule 13d-1(c) [x] Rule 13d-1(d)

CUSIP No. 45885A-10-2 SCHEDULE 13G Page 2 of 15 1 Name of Reporting Person TI VENTURES, L.P. IRS Identification No. of Above Person 2 Check the Appropriate Box if a member of a Group (a) [ ] (b) [x] 3 SEC USE ONLY 4 Citizenship or Place of Organization CALIFORNIA NUMBER OF 5 Sole Voting Power 0 SHARES BENEFICIALLY 6 Shared Voting Power 5,380,623 OWNED BY EACH REPORTING 7 Sole Dispositive Power 0 PERSON WITH 8 Shared Dispositive Power 5,380,623 9 Aggregate Amount Beneficially Owned by Each Reporting Person 5,380,623 10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] 11 Percent of Class Represented by Amount in Row 9 3.6% 12 Type of Reporting Person PN

CUSIP No. 45885A-10-2 SCHEDULE 13G Page 3 of 15 1 Name of Reporting Person H&Q INTERNAP INVESTORS, L.P. IRS Identification No. of Above Person 2 Check the Appropriate Box if a member of a Group (a) [ ] (b) [x] 3 SEC USE ONLY 4 Citizenship or Place of Organization CALIFORNIA NUMBER OF 5 Sole Voting Power 0 SHARES BENEFICIALLY 6 Shared Voting Power 5,380,623 OWNED BY EACH REPORTING 7 Sole Dispositive Power 0 PERSON WITH 8 Shared Dispositive Power 5,380,623 9 Aggregate Amount Beneficially Owned by Each Reporting Person 5,380,623 10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] 11 Percent of Class Represented by Amount in Row 9 3.6% 12 Type of Reporting Person PN

CUSIP No. 45885A-10-2 SCHEDULE 13G Page 4 of 15 1 Name of Reporting Person H&Q TI VENTURES MANAGEMENT, LLC IRS Identification No. of Above Person 2 Check the Appropriate Box if a member of a Group (a) [ ] (b) [x] 3 SEC USE ONLY 4 Citizenship or Place of Organization DELAWARE NUMBER OF 5 Sole Voting Power 0 SHARES BENEFICIALLY 6 Shared Voting Power 5,380,623 OWNED BY EACH REPORTING 7 Sole Dispositive Power 0 PERSON WITH 8 Shared Dispositive Power 5,380,623 9 Aggregate Amount Beneficially Owned by Each Reporting Person 5,380,623 10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] 11 Percent of Class Represented by Amount in Row 9 3.6% 12 Type of Reporting Person OO

CUSIP No. 45885A-10-2 SCHEDULE 13G Page 5 of 15 1 Name of Reporting Person H&Q INTERNAP INVESTMENT MANAGEMENT, LLC IRS Identification No. of Above Person 2 Check the Appropriate Box if a member of a Group (a) [ ] (b) [x] 3 SEC USE ONLY 4 Citizenship or Place of Organization CALIFORNIA NUMBER OF 5 Sole Voting Power 0 SHARES BENEFICIALLY 6 Shared Voting Power 5,380,623 OWNED BY EACH REPORTING 7 Sole Dispositive Power 0 PERSON WITH 8 Shared Dispositive Power 5,380,623 9 Aggregate Amount Beneficially Owned by Each Reporting Person 5,380,623 10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] 11 Percent of Class Represented by Amount in Row 9 3.6% 12 Type of Reporting Person OO

CUSIP No. 45885A-10-2 SCHEDULE 13G Page 6 of 15 1 Name of Reporting Person GRANITE VENTURES, LLC IRS Identification No. of Above Person 2 Check the Appropriate Box if a member of a Group (a) [ ] (b) [x] 3 SEC USE ONLY 4 Citizenship or Place of Organization CALIFORNIA NUMBER OF 5 Sole Voting Power 0 SHARES BENEFICIALLY 6 Shared Voting Power 5,380,623 OWNED BY EACH REPORTING 7 Sole Dispositive Power 0 PERSON WITH 8 Shared Dispositive Power 5,380,623 9 Aggregate Amount Beneficially Owned by Each Reporting Person 5,380,623 10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] 11 Percent of Class Represented by Amount in Row 9 3.6% 12 Type of Reporting Person OO

CUSIP No. 45885A-10-2 SCHEDULE 13G Page 7 of 15 1 Name of Reporting Person EUGENE EIDENBERG IRS Identification No. of Above Person 2 Check the Appropriate Box if a member of a Group (a) [ ] (b) [x] 3 SEC USE ONLY 4 Citizenship or Place of Organization UNITED STATES NUMBER OF 5 Sole Voting Power 0 SHARES BENEFICIALLY 6 Shared Voting Power 5,380,623 OWNED BY EACH REPORTING 7 Sole Dispositive Power 0 PERSON WITH 8 Shared Dispositive Power 5,380,623 9 Aggregate Amount Beneficially Owned by Each Reporting Person 5,380,623 10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] 11 Percent of Class Represented by Amount in Row 9 3.6% 12 Type of Reporting Person IN

CUSIP No. 45885A-10-2 SCHEDULE 13G Page 8 of 15 1 Name of Reporting Person SAMUEL D. KINGSLAND IRS Identification No. of Above Person 2 Check the Appropriate Box if a member of a Group (a) [ ] (b) [x] 3 SEC USE ONLY 4 Citizenship or Place of Organization UNITED STATES NUMBER OF 5 Sole Voting Power 0 SHARES BENEFICIALLY 6 Shared Voting Power 5,380,623 OWNED BY EACH REPORTING 7 Sole Dispositive Power 0 PERSON WITH 8 Shared Dispositive Power 5,380,623 9 Aggregate Amount Beneficially Owned by Each Reporting Person 5,380,623 10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] 11 Percent of Class Represented by Amount in Row 9 3.6% 12 Type of Reporting Person IN

CUSIP No. 45885A-10-2 SCHEDULE 13G Page 9 of 15 1 Name of Reporting Person STANDISH H. O'GRADY IRS Identification No. of Above Person 2 Check the Appropriate Box if a member of a Group (a) [ ] (b) [x] 3 SEC USE ONLY 4 Citizenship or Place of Organization UNITED STATES NUMBER OF 5 Sole Voting Power 0 SHARES BENEFICIALLY 6 Shared Voting Power 5,380,623 OWNED BY EACH REPORTING 7 Sole Dispositive Power 0 PERSON WITH 8 Shared Dispositive Power 5,380,623 9 Aggregate Amount Beneficially Owned by Each Reporting Person 5,380,623 10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] 11 Percent of Class Represented by Amount in Row 9 3.6% 12 Type of Reporting Person IN

CUSIP No. 45885A-10-2 SCHEDULE 13G Page 10 of 15 Item 1(a). Name of Issuer. InterNap Network Services Corporation (the "Issuer"). Item 1(b). Address of Issuer's Principal Executive Offices. 601 Union Street, Suite 1000, Seattle, WA 98101. Item 2(a). Names of Persons Filing. Reference is made to Item 1 of each of the cover pages of this Schedule, which Items are incorporated by reference herein. Item 2(b). Address of Principal Business Office or, if none, Residence. The address of each reporting person is One Bush Street, San Francisco, California 94104. Item 2(c). Citizenship. Reference is made to Item 4 of each of the cover pages of this Schedule, which Items are incorporated by reference herein. Item 2(d). Title of Class of Securities. Common Stock, $0.001 par value ("Common Stock"). Item 2(e). CUSIP Number. 45885A-10-2 Item 3. Type of Reporting Person. Not applicable. Item 4. Ownership. Reference is made to Items 5-9 and 11 of each of the cover pages to this Schedule, which Items are incorporated by reference herein. According to information furnished to the reporting persons by the Issuer, there were 148,948,942 shares of Common Stock issued and outstanding as of December 31, 2000. As of December 31, 2000, the reporting persons owned the following shares of Common Stock:

CUSIP No. 45885A-10-2 SCHEDULE 13G Page 11 of 15 Common Stock Person Directly Owned ------ -------------- TI Ventures, L.P. 2,215,466 H&Q InterNap Investors, L.P. 2,508,853 Granite Ventures, LLC 33,217 Eugene Eidenberg 306,418 Samuel D. Kingsland 207,149 Standish H. O'Grady 109,520 --------- TOTAL 5,380,623 ========= Because voting and investment decisions concerning the above securities may be made by or in conjunction with the other reporting persons, each of the reporting persons may be deemed a member of a group that shares voting and dispositive power over all of the above securities. Although the reporting persons are reporting such securities as if they were members of a group, the filing of this Schedule shall not be construed as an admission by any reporting person that it is a beneficial owner of any securities other than those directly held by such reporting person. Under the definition of "beneficial ownership" in Rule 13d-3 under the Securities Exchange Act of 1934, it is also possible that the individual general partners, directors, executive officers, members and/or managers of the foregoing entities might be deemed the "beneficial owners" of some or all of the securities to which this Schedule relates in that they might be deemed to share the power to direct the voting or disposition of such securities. Neither the filing of this Schedule nor any of its contents shall be deemed to constitute an admission that any of such individuals is, for any purpose, the beneficial owner of any of the securities to which this Schedule relates, and such beneficial ownership is expressly disclaimed. Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting persons have ceased to be the beneficial owners of more than five percent of the class of securities, check the following [X]. Item 6. Ownership of More Than Five Percent on Behalf of Another Person. Not applicable.

CUSIP No. 45885A-10-2 SCHEDULE 13G Page 12 of 15 Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Not applicable. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certification. Not applicable.

CUSIP No. 45885A-10-2 SCHEDULE 13G Page 13 of 15 Signature After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. DATED: February 9, 2001. TI VENTURES, L.P. GRANITE VENTURES, LLC By: /s/ Jackie A. Berterretche By: /s/ Jackie A. Berterretche -------------------------- -------------------------- Jackie A. Berterretche Jackie A. Berterretche Attorney-in-Fact Attorney-in-Fact H&Q INTERNAP INVESTORS, L.P. EUGENE EIDENBERG By: /s/ Jackie A. Berterretche By: /s/ Jackie A. Berterretche -------------------------- -------------------------- Jackie A. Berterretche Jackie A. Berterretche Attorney-in-Fact Attorney-in-Fact H&Q TI VENTURES MANAGEMENT, LLC SAMUEL D. KINGSLAND By: /s/ Jackie A. Berterretche By: /s/ Jackie A. Berterretche -------------------------- -------------------------- Jackie A. Berterretche Jackie A. Berterretche Attorney-in-Fact Attorney-in-Fact H&Q INTERNAP INVESTMENT STANDISH H. O'GRADY MANAGEMENT, LLC By: /s/ Jackie A. Berterretche By: /s/ Jackie A. Berterretche -------------------------- -------------------------- Jackie A. Berterretche Jackie A. Berterretche Attorney-in-Fact Attorney-in-Fact

CUSIP No. 45885A-10-2 SCHEDULE 13G Page 14 of 15 EXHIBIT INDEX Exhibit A Joint Filing Undertaking Page 15

CUSIP No. 45885A-10-2 SCHEDULE 13G Page 15 of 15 JOINT FILING UNDERTAKING The undersigned, being duly authorized thereunto, hereby execute this agreement as an exhibit to this Schedule 13G to evidence the agreement of the below-named parties, in accordance with rules promulgated pursuant to the Securities Exchange Act of 1934, to file this Schedule and any subsequent amendment jointly on behalf of each of such parties. DATED: February 9, 2001. TI VENTURES, L.P. GRANITE VENTURES, LLC By: /s/ Jackie A. Berterretche By: /s/ Jackie A. Berterretche -------------------------- -------------------------- Jackie A. Berterretche Jackie A. Berterretche Attorney-in-Fact Attorney-in-Fact H&Q INTERNAP INVESTORS, L.P. EUGENE EIDENBERG By: /s/ Jackie A. Berterretche By: /s/ Jackie A. Berterretche -------------------------- -------------------------- Jackie A. Berterretche Jackie A. Berterretche Attorney-in-Fact Attorney-in-Fact H&Q TI VENTURES MANAGEMENT, LLC SAMUEL D. KINGSLAND By: /s/ Jackie A. Berterretche By: /s/ Jackie A. Berterretche -------------------------- -------------------------- Jackie A. Berterretche Jackie A. Berterretche Attorney-in-Fact Attorney-in-Fact H&Q INTERNAP INVESTMENT STANDISH H. O'GRADY MANAGEMENT, LLC By: /s/ Jackie A. Berterretche By: /s/ Jackie A. Berterretche -------------------------- -------------------------- Jackie A. Berterretche Jackie A. Berterretche Attorney-in-Fact Attorney-in-Fact