EXHIBIT 4.07


NEITHER THIS WARRANT NOR THE SHARES  ISSUABLE  UPON THE EXERCISE OF THIS WARRANT
HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED,  OR ANY STATE
SECURITIES  LAWS AND NEITHER  THIS  WARRANT  NOR SUCH SHARES MAY BE  TRANSFERRED
EXCEPT IN COMPLIANCE WITH STATE AND FEDERAL SECURITIES LAWS

                                            Warrant to Purchase [see Schedule 1]
Dated:  January 2, 2003                     Shares of Common Stock


                            WARRANT FOR COMMON STOCK
                                       OF
                                 INTERLAND, INC.


     This WARRANT FOR COMMON STOCK is made and entered into as of the 2nd day of
January,   2003  by  and  between  Interland,   Inc.,  a  Minnesota  corporation
("Interland"),  and [each of the other parties  identified on Schedule 1 hereto]
(the "Holder").

                                   WITNESSETH:

     1. Issuance of Warrant.  Subject to  adjustments  as set forth in Section 8
below, for good and valuable  consideration  received Interland hereby grants to
Holder the right to purchase [see Schedule 1] shares of Interland's common stock
(the "Common Stock").  The shares of Common Stock issuable upon exercise of this
Warrant are hereinafter referred to as the "Shares."

     2. Term of Warrant.  This Warrant shall be  exercisable in whole or in part
at any time and  from  time to time  from the  date  hereof  through  the  fifth
anniversary of the date set forth above (the "Exercise Period").

     3.  Exercise  Price.  The exercise  price per share for which Shares may be
purchased  pursuant  to the terms of this  Warrant  shall be $5.00,  subject  to
adjustment as provided in Section 8 below.

     4. Exercise and Payment.  This Warrant may be exercised during the Exercise
Period by the  Holder  hereof as to all of the  Shares  or in any  increment  or
increments  of 1,000  Shares  (or the  balance  of the  Shares if less than such
number),  upon delivery of written  notice of intent to exercise to Interland at
the following  address:  303 Peachtree  Center Avenue,  Atlanta,  Georgia 30303;
attention:  Chief  Financial  Officer,  or such other address as Interland shall
designate  in a  written  notice  to the  Holder,  together  with  this  Warrant
accompanied by full payment of the purchase price therefor either:

          (a) in United States dollars in cash or by certified check; or


<PAGE>

          (b) at Holder's  election,  through delivery of shares of Common Stock
having a Fair  Market  Value  equal as of the Date of the  Exercise  to the cash
exercise price. The "Date of Exercise" shall be the date  immediately  preceding
the date that Holder  delivers  the notice of exercise to  Interland.  The "Fair
Market Value" shall be the average  closing price of the publicly  traded shares
of Common Stock of Interland over the 20 trading days immediately  preceding the
date of exercise.

          (c) In lieu of payment of the  purchase  price in cash or by surrender
of shares of Common  Stock as  provided  above,  the Holder may elect to receive
upon exercise of this Warrant,  by the surrender of this Warrant,  at the office
of  Interland,  a number of fully  paid and  nonassessable  shares of  Interland
Common Stock as is computed using the following formula:

                                    X=Y (A-B)
                                      -------
                                         A

where     X = the number of shares to be issued to such Holder  pursuant to this
paragraph.

          Y = the number of shares  covered by this  Warrant in respect of which
the net issue election is made pursuant to this paragraph.

          A = the Fair Market Value of one share of Interland  Common Stock,  as
of the time the net issue election is made pursuant to this paragraph.

          B = the  purchase  price in effect  under this Warrant at the time the
net issue election is made pursuant to this paragraph.

In  connection  with any  partial  exercise  of this  Warrant  pursuant  to this
paragraph  (c),  the Holder  shall  surrender  to  Interland  this  Warrant  and
Interland  will issue to the Holder a replacement  Warrant,  exerciseable  for a
number of shares of Interland  Common Stock equal to (x) the number of shares of
Common Stock  issuable  upon  exercise of this  Warrant,  less (y) the number of
shares  covered by this  Warrant in respect of which the net issue  election  is
made pursuant to this  paragraph.  The parties  intend that the exercise of this
Warrant pursuant to this paragraph (c) be treated as a  "reorganization"  within
the meaning of Section  368(a)(1)(E)  of the Internal  Revenue Code of 1986,  as
amended and, except as otherwise  required by law,  Interland agrees not to take
any position  inconsistent  with such  treatment for federal income tax purposes
including, but not limited to, in any filing, return or information statement.

     Upon exercise of this Warrant as aforesaid,  Interland shall as promptly as
practicable, and in any event within 15 days thereafter,  execute and deliver to
the Holder a certificate  or  certificates  for the total number of whole Shares
for which this Warrant is being exercised in such names and denominations as are
requested by the Holder. If this Warrant shall be exercised with respect to less
than all of the  Shares,  the Holder  shall be entitled to receive a new Warrant
covering  the number of Shares in respect of which this  Warrant  shall not have
been  exercised,  which new Warrant shall in all other  respects be identical to
this Warrant.  Holder covenants and agrees that it will pay when due any and all
state and federal  issue taxes,  if any,  which may be payable in respect of the
issuance of this  Warrant or the  issuance  of any Shares upon  exercise of this
Warrant.




                                       2
<PAGE>

     5.  Covenants  and  Conditions.  The above  provisions  are  subject to the
following:

          (a) Neither this Warrant nor the Shares have been registered under the
Securities Act of 1933, as amended  ("Securities  Act") or any state  securities
laws ("Blue Sky Laws").  This Warrant has been acquired for investment  purposes
and  not  with  a view  to  distribution  or  resale  and  may  not be  pledged,
hypothecated,   sold,  made  subject  to  a  security  interest,   or  otherwise
transferred  without (i) an effective  registration  statement  for such Warrant
under the Securities Act and such  applicable  Blue Sky Laws, or (ii) an opinion
of  counsel,  which  opinion  of counsel  shall be  reasonably  satisfactory  to
Interland  and  its  counsel,  that  registration  is  not  required  under  the
Securities  Act or under any  applicable  Blue Sky Laws.  Transfer of the shares
issued upon the exercise of this Warrant  shall be restricted in the same manner
and to the same extent as the Warrant. The certificates representing such Shares
shall bear a legend to such effect.  The Holder and  Interland  agree to execute
such other documents and instruments as counsel for Interland  reasonably  deems
necessary  to effect the  compliance  of the  issuance  of this  Warrant and any
shares of Common Stock issued upon exercise hereof with  applicable  federal and
state securities laws.

          (b) Interland covenants and agrees that all Shares which may be issued
upon  exercise of this Warrant  will,  upon  issuance and payment  therefor,  as
provided herein,  be legally and validly issued and outstanding,  fully paid and
nonassessable,  free from all liens, charges and preemptive rights, if any, with
respect thereto or to the issuance thereof. Interland shall at all times reserve
and keep available for issuance upon the exercise of this Warrant such number of
authorized  but unissued  shares of Common Stock as will be sufficient to permit
the exercise in full of this Warrant.

     6. Transfer of Warrant. Subject to the provisions of Section 5 hereof, this
Warrant  may be  transferred,  in whole or in part,  to any  person or  business
entity,  by presentation  of the Warrant to Interland with written  instructions
for such transfer. Upon such presentation for transfer, Interland shall promptly
execute  and deliver a new Warrant or Warrants in the form hereof in the name of
the  assignee  or  assignees  and  in  the   denominations   specified  in  such
instructions.

     7. Warrant  Holder Not  Shareholder.  This Warrant does not confer upon the
Holder, as such, any right whatsoever as a shareholder of Interland.

     8. Adjustment upon Changes in Stock.

          (a)  If  all or  any  portion  of  this  Warrant  shall  be  exercised
subsequent to any stock split, stock dividend, recapitalization,  combination of
shares of Interland,  or other similar event,  then the Holder  exercising  this
Warrant shall  receive,  for the aggregate  price paid upon such  exercise,  the
aggregate  number and class of shares which such Holder  would have  received if
this Warrant had been  exercised  immediately  prior to such stock split,  stock
dividend,  recapitalization,  combination of shares,  or other similar event. If
any adjustment under this Section 8(a) would create a fractional share of Common
Stock or a right to acquire a fractional share of Common Stock,  such fractional
share  shall be  disregarded  and the number of shares  subject to this  Warrant
shall be the next lower number of shares,  rounding all fractions  downward.  In
such event, Interland shall pay to Holder an amount equal to the average closing
price of the publicly  traded  shares of Common  Stock of Interland  over the 20


                                       3
<PAGE>

trading days  immediately  preceding the exercise of this Warrant  multiplied by
the  fractional  share to be  disregarded  pursuant to the  foregoing  sentence.
Whenever there shall be an adjustment  pursuant to this Section 8(a),  Interland
shall forthwith notify the Holder or Holders of this Warrant of such adjustment,
setting forth in reasonable  detail the event  requiring the  adjustment and the
method by which such adjustment was calculated.

          (b)  If  all or  any  portion  of  this  Warrant  shall  be  exercised
subsequent to any merger, consolidation,  exchange of securities, reorganization
or liquidation of Interland or other similar event, as a result of which (i) the
shares of Common Stock shall be changed  into the same or a different  number of
securities of the same or another class or classes of securities of Interland or
another  entity,  or (ii) the shares of Common  Stock  shall be  entitled to the
distribution  of property of Interland as a result of  liquidation of Interland,
then the Holder  exercising this Warrant shall receive,  for the aggregate price
paid upon such exercise,  the aggregate  number and class of securities,  or the
property,  as the case may be,  which such  Holder  would have  received if this
Warrant had been  exercised  immediately  prior to such  merger,  consolidation,
exchange of securities,  reorganization or liquidation,  or other similar event.
If any  adjustment  under this Section  8(b) would create a fractional  share of
Common  Stock or a right to acquire a  fractional  share of Common  Stock,  such
fractional  share shall be disregarded  and the number of shares subject to this
Warrant  shall be the next  lower  number  of  shares,  rounding  all  fractions
downward.  In such event,  Interland  shall pay to Holder an amount equal to the
average closing price of the publicly traded shares of Common Stock of Interland
over the 20 trading  days  immediately  preceding  the  exercise of this Warrant
multiplied by the fractional  share to be disregarded  pursuant to the foregoing
sentence.  Whenever there shall be an adjustment  pursuant to this Section 8(b),
Interland shall  forthwith  notify the Holder or Holders of this Warrant of such
adjustment,   setting  forth  in  reasonable  detail  the  event  requiring  the
adjustment and the method by which such adjustment was calculated.

     9.  Certain   Notices.   If  at  any  time  Interland   shall  propose  to:

          (a) declare any cash dividend upon its Common Stock;

          (b) declare any  dividend  upon its Common  Stock  payable in stock or
make any  special  dividend or other  distribution  to the holders of its Common
Stock;

          (c) offer for  subscription  to the holders of any of its Common Stock
any additional shares of stock in any class or other rights;

          (d)  reorganize,  or reclassify  the capital  stock of  Interland,  or
consolidate,  merge or otherwise  combine with, or sell all or substantially all
of its assets to, another corporation; or

          (e) voluntarily or involuntarily dissolve, liquidate or wind up of the
affairs of Interland;

then, in any one or more of said cases,  Interland shall give to the Holder,  by
hand delivery or by certified or  registered  mail sent to Holder at the address
set forth next to the Holder's  signature below (or such other address as Holder
shall  provide to  Interland in  writing),  (i) at least 20 days' prior  written


                                       4
<PAGE>

notice of the date on which the books of Interland shall close or a record shall
be taken for such dividend,  distribution or subscription rights for determining
rights  to  vote  in  respect  of  any  such  reorganization,  reclassification,
consolidation, merger, sale, dissolution, liquidation or winding up, and (ii) in
the case of such reorganization, reclassification,  consolidation, merger, sale,
dissolution,  liquidation  or winding up, at least 20 days' prior written notice
of the date when the same shall take  place.  Any notice  required by clause (i)
shall  also  specify,  in  the  case  of  any  such  dividend,  distribution  or
subscription  rights,  the date on which the  holders of Common  Stock  shall be
entitled thereto,  and any notice required by clause (ii) shall specify the date
on which the holders of Common Stock shall be entitled to exchange  their Common
Stock for securities or other  property  deliverable  upon such  reorganization,
reclassification, consolidation, merger, sale, dissolution or winding up, as the
case may be. Such notice shall be deemed given when actually delivered.

     10. Successors, Assigns. All the terms and provisions of this Warrant shall
be binding upon,  inure to the benefit of and be  enforceable  by the respective
successors  and assigns of the parties hereto and the heirs,  beneficiaries  and
legal representatives of Holder.

     11. Amendment. The terms of this Warrant may be amended, modified or waived
only with the written consent of Interland and the Holder.

     12.  Governing  Law.  The  provisions  and terms of this  Warrant  shall be
governed by and construed in accordance with the laws of the State of Minnesota.


            (The remainder of this page is intentionally left blank.)



                                       5
<PAGE>


     IN WITNESS WHEREOF,  the undersigned hereto has executed this Warrant as of
the date first above written.

                                   "INTERLAND"

                                   INTERLAND, INC.


                                   By:
                                       -----------------------------------------
                                       Allen L. Shulman, Senior Vice-President,
                                       Chief Financial Officer,
                                       General Counsel and Secretary



                                       6
<PAGE>


<TABLE>
<CAPTION>
<S>                                              <C>                            <C>

                                   SCHEDULE 1

---------------------------------------------------------------------------------------------------------
                                                 WARRANT TO PURCHASE SHARES OF      WARRANT TO PURCHASE
                                                     COMMON STOCK ISSUED TO        SHARES OF COMMON STOCK
                    HOLDERS                        SELLING SHAREHOLDERS AS OF        CURRENTLY HELD IN
                                                          CLOSING DATE                    ESCROW
---------------------------------------------------------------------------------------------------------
Accel Internet/Strategic Technology Fund L.P.                            55,624                    6,181
---------------------------------------------------------------------------------------------------------
Accel Investors 96 L.P.                                                  24,722                    2,747
---------------------------------------------------------------------------------------------------------
Accel Keiretsu V L.P.                                                     8,241                      916
---------------------------------------------------------------------------------------------------------
Accel V L.P.                                                            415,126                   46,125
---------------------------------------------------------------------------------------------------------
Adam P. Godfrey                                                             873                       97
---------------------------------------------------------------------------------------------------------
Bessec Ventures IV L.P.                                                 160,321                   17,813
---------------------------------------------------------------------------------------------------------
Bessemer Venture Investors L.P.                                          23,992                    2,666
---------------------------------------------------------------------------------------------------------
Bessemer Venture Partners IV L.P.                                       160,320                   17,813
---------------------------------------------------------------------------------------------------------
Bradley Feld                                                              3,634                      404
---------------------------------------------------------------------------------------------------------
Brian D. Cohen                                                            2,447                      272
---------------------------------------------------------------------------------------------------------
Bridge Street Special Opportunities Fund 2000, L.P.                      47,984                    5,332
---------------------------------------------------------------------------------------------------------
Brimstone Island Company L.P.                                             5,457                      606
---------------------------------------------------------------------------------------------------------
BVP IV Special Situations L.P.                                           13,017                    1,446
---------------------------------------------------------------------------------------------------------
Charles River Friends X-B, LLC                                           22,679                    2,520
---------------------------------------------------------------------------------------------------------
Charles River Friends X-C, LLC                                            3,973                      441
---------------------------------------------------------------------------------------------------------
Charles River Partnership VII, A Limited Partnership                    471,439                   52,382
---------------------------------------------------------------------------------------------------------
Charles River Partnership X, A Limited Partnership                      343,968                   38,219
---------------------------------------------------------------------------------------------------------
Charles River Partnership X-A, A Limited Partnership                      9,437                    1,049
---------------------------------------------------------------------------------------------------------
Christopher F.O. Gabrieli                                                17,119                    1,902
---------------------------------------------------------------------------------------------------------
David J. Cowan                                                            3,424                      380
---------------------------------------------------------------------------------------------------------
David A. Litwak                                                          24,580                    2,731
---------------------------------------------------------------------------------------------------------
Dell U.S.A.  L.P.                                                       959,699                  106,633
---------------------------------------------------------------------------------------------------------
Douglas McNary                                                            9,597                    1,066
---------------------------------------------------------------------------------------------------------
Edward Park                                                                 873                       97
---------------------------------------------------------------------------------------------------------
Ellen Poss                                                                5,950                      661
---------------------------------------------------------------------------------------------------------
Ellmore C. Patterson Partners                                            11,331                    1,259
---------------------------------------------------------------------------------------------------------
FSC Corp. (Fleet)                                                        47,985                    5,332
---------------------------------------------------------------------------------------------------------
Gautam A. Prakash                                                         2,567                      285
---------------------------------------------------------------------------------------------------------
GS PEP Technology Fund 2000 Offshore Holdings, L.P.                      44,807                    4,979
---------------------------------------------------------------------------------------------------------
GS PEP Technology Fund 2000, L.P.                                       113,533                   12,615
---------------------------------------------------------------------------------------------------------
GS Private Equity Partners 1999-Direct                                    5,006                      556
Investment Fund, L.P.
---------------------------------------------------------------------------------------------------------
Harbourvest Partners V - Direct Fund L.P.                               567,260                   63,029
---------------------------------------------------------------------------------------------------------
Hardymon Family Limited Partnership                                       8,559                      951
---------------------------------------------------------------------------------------------------------
High Street Investors 2000 (Testa Hurwitz &                               9,598                    1,066
Thibeault, LLP)
---------------------------------------------------------------------------------------------------------
Howard S. Markowitz                                                         514                       57
---------------------------------------------------------------------------------------------------------
Hybrid Venture Partners, L.P. (Comdisco)                                 47,985                    5,332
---------------------------------------------------------------------------------------------------------
Joanna A. Strober                                                         1,004                      111
---------------------------------------------------------------------------------------------------------
John G. MacDonald                                                           698                       78
---------------------------------------------------------------------------------------------------------
Lindsay 1994 Family Partnership, L.P.                                     3,424                      381
---------------------------------------------------------------------------------------------------------
Lisa Underkoffler                                                           490                       54
---------------------------------------------------------------------------------------------------------
Lycos, Inc.                                                             137,237                   15,249
---------------------------------------------------------------------------------------------------------
Matrix IV Entrepreneurs Fund, A Limited                                  41,688                    4,632
Partnership
---------------------------------------------------------------------------------------------------------
Matrix Partners IV, L.P.                                                792,070                   88,008
---------------------------------------------------------------------------------------------------------
Mitchell Kapor                                                           69,322                    7,702
---------------------------------------------------------------------------------------------------------
Morton Rosenthal                                                         10,885                    1,209
---------------------------------------------------------------------------------------------------------
Neill H. Brownstein                                                       2,182                      243
---------------------------------------------------------------------------------------------------------
Richard R. Davis                                                          3,274                      364
---------------------------------------------------------------------------------------------------------
Robert H. Buescher                                                        1,713                      190
---------------------------------------------------------------------------------------------------------
Robert J.S. Roriston                                                        873                       97
---------------------------------------------------------------------------------------------------------
Robi L. Soni                                                                595                       66
---------------------------------------------------------------------------------------------------------
Rodney A. Cohen                                                             873                       97
---------------------------------------------------------------------------------------------------------
Russell Werner                                                           53,263                    5,918
---------------------------------------------------------------------------------------------------------
Steven L. Williamson                                                      1,310                      145
---------------------------------------------------------------------------------------------------------


                                       7
<PAGE>

---------------------------------------------------------------------------------------------------------
Stone Street Fund 2000, L.P.                                             47,984                    5,332
---------------------------------------------------------------------------------------------------------
Stone Street PEP Technology Fund 2000, L.P.                              40,590                    4,510
---------------------------------------------------------------------------------------------------------
The Goldman Sachs Group, Inc.                                           515,839                   57,315
---------------------------------------------------------------------------------------------------------
Victoria Lohse                                                            3,839                      427
---------------------------------------------------------------------------------------------------------
William Lohse                                                             5,758                      640
---------------------------------------------------------------------------------------------------------
William T. Burgin                                                         5,457                      606
---------------------------------------------------------------------------------------------------------
Woods 1994 Family Partnership, L.P.                                       5,991                      666
---------------------------------------------------------------------------------------------------------
                                                                      5,400,000                  600,000
---------------------------------------------------------------------------------------------------------



</TABLE>

                                       6

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