Liveworld Inc - Initial Statement of Beneficial Ownership (3)

FORM 3	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0104 Expires: January 31, 2008 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person * MTEP Management LLC	2. Date of Event Requiring Statement (MM/DD/YYYY) 7/16/2007	3. Issuer Name and Ticker or Trading Symbol LIVEWORLD INC [LVWD.PK]
(Last)        (First)        (Middle) 130 LYTTON AVENUE, SUITE 210	4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director                            ___ X ___ 10% Owner _____ Officer (give title below)          _____ Other (specify below)
(Street) PALO ALTO, CA 94301        (City)              (State)              (Zip)	5. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) ___ Form filed by One Reporting Person _ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, $0.001 per share   (1)	4237023	I	See Footnote   (2)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 4)	2. Date Exercisable and Expiration Date (MM/DD/YYYY)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:
( 1)	This Form 3 is filed jointly by Media Technology Equity Partners LP, Media Technology Entrepreneurs Fund II LP, Thomson Management Growth Fund LP, MTEP Management, LLC, The Weinman Family Trust dtd 9/25/98 (the "Trust"), the Presidio Group, LLC (the "Presidio Group"), Robert R. Ackerman and Barry Weinman. MTEP Management, LLC is the general partner of Media Technology Equity Partners LP, Media Technology Entrepreneurs Fund II LP and Thomson Management Growth Fund LP (the "MTEP Entities") and Messrs. Ackerman and Weinman are the managing directors of MTEP Management, LLC. Mr. Weinman is the trustee of the Trust and has dispositive power over the shares held by the Trust. Mr. Ackerman is the managing member of the Presidio Group
( 2)	Shares consist of (a) 3,063,626 shares of Common Stock held directly by Media Technology Equity Partners LP, (b) 213,233 shares of Common Stock held directly by Media Technology Entrepreneurs Fund II LP, (c) 107,694 shares of Common Stock held directly by Thomson Management Growth Fund LP, (d) 667,647 shares of Common Stock held directly by the Trust, (e) 1,000 shares of Common Stock held directly by Mr. Weinman and (f) 183,823 shares of Common Stock held directly by the Presidio Group. As the general partner of the MTEP Entities, MTEP Management, LLC may be deemed to beneficially own the shares held by the MTEP Entities. As trustee of the Trust and managing director of the MTEP Entities, Mr. Weinman may be deemed to be the beneficial owner of the shares held by the Trust and the MTEP Entities. As the managing member of the Presidio Group and managing director of the MTEP Entities, Mr. Ackerman may be deemed to be the beneficial owner of the shares held by the Presidio Group and the MTEP Entities. Messrs. Ackerman and Weinman disclaim any beneficial ownership of the shares held by the MTEP Entities except to the extent of their pecuniary interest therein.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
MTEP Management LLC 130 LYTTON AVENUE SUITE 210 PALO ALTO, CA 94301		X
Thomson Management Growth Fund LP 130 LYTTON AVENUE SUITE 210 PALO ALTO, CA 94301		X
MEDIA TECHNOLOGY EQUITY PARTNERS L P 130 LYTTON AVENUE SUITE 210 PALO ALTO, CA 94301		X
MEDIA TECHNOLOGY ENTREPRENEURS FUND II L P 130 LYTTON AVENUE SUITE 210 PALO ALTO, CA 94301		X
Presidio Group LLC 130 LYTTON AVENUE SUITE 210 PALO ALTO, CA 94301		X
Weinman Family Trust dtd 9/25/98 130 LYTTON AVENUE SUITE 210 PALO ALTO, CA 94301		X
Weinman Barry 130 LYTTON AVENUE SUITE 210 PALO ALTO, CA 94301		X
Ackerman Robert R 130 LYTTON AVENUE SUITE 210 PALO ALTO, CA 94301		X

Signatures
/s/ Robert R. Ackerman, Managing Director of MTEP Management, LLC		12/17/2007
** Signature of Reporting Person		Date
/s/ Robert R. Ackerman, Managing Director of MTEP Management, LLC, the General Partner of Thomson Management Growth Fund LP		12/17/2007
** Signature of Reporting Person		Date
/s/ Robert R. Ackerman, Managing Director of MTEP Management, LLC, the General Partner of Media Technology Equity Partners LP		12/17/2007
** Signature of Reporting Person		Date
/s/ Robert R. Ackerman, Managing Director of MTEP Management, LLC, the General Partner of Media Technology Entrepreneurs Fund II LP		12/17/2007
** Signature of Reporting Person		Date
/s/ Robert R. Ackerman, Managing Member of Presidio Group, LLC		12/17/2007
** Signature of Reporting Person		Date
/s/ Barry Weinman, Trustee of The Weinman Family Trust dtd 9/25/98		12/17/2007
** Signature of Reporting Person		Date
/s/ Barry Weinman		12/17/2007
** Signature of Reporting Person		Date
/s/ Robert R. Ackerman		12/17/2007
** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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