UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

[X]  Quarterly  report  pursuant  to  Section  13 or  15(d)  of the Securities
     Exchange  Act of  1934  
          For the  quarterly  period ended: March 31, 1998

[ ]  Transition  report  pursuant  to Section 13 or 15(d) of the Securities 
     Exchange Act of 1934
          For the transition period from _______ to _________

                        Commission file number: 000-24001

                                   JVWEB, INC.
        (Exact name of small business issuer as specified in its charter)

         Delaware                                         76-0552098
 (State or other jurisdiction of                       (I.R.S. Employer
 incorporation or organization                        Identification No.)

5444 Westheimer, Suite 2080, Houston, Texas                  77056
  (Address of principal executive officer)                 (Zip Code)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days. Yes __No _X_


APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS
DURING THE  PRECEDING FIVE YEARS

         Check whether the registrant  filed all documents and reports  required
to be  filed  by  Section  12,  13 or  15(d)  of  the  Exchange  Act  after  the
distribution of securities under a plan confirmed by a court Yes ___   No  ___

APPLICABLE ONLY TO CORPORATE ISSUERS

         The number of shares of common stock, $0.01 par value, outstanding as 
of March 31, 1998: 7,050,000 shares

Transitional Small Business Disclosure Format (check one):   Yes___ No _X_


<PAGE>

                                   JVWEB, INC.
                           PERIOD ENDED MARCH 31, 1998

                                      INDEX
<TABLE>

PART I.  FINANCIAL INFORMATION                                                               Page
<CAPTION>
<S>                                                                                           <C>

         Item 1.  Financial Statements

         Condensed financial statements of JVWeb, Inc.:

              Balance sheet as of March 31, 1998                                               3

               Statement of income for the period from October 28,
                  1997 (inception) to March 31, 1998                                           4

               Statement of stockholders' equity for the period from
                  October 28, 1997 (inception) to March 31, 1998                               5

                 Statement of cash flows for the period from October 28,
                  1997 (inception) to March 31, 1998                                           6

              Notes to condensed consolidated financial statements                             7

         Item 2.  Management's Plan of Operation                                               8

PART II. OTHER INFORMATION

         Item 2.  Changes in Securities                                                       10

         Item 6.  Exhibits and Reports on Form 8-K.                                           12

                  (a)Exhibits

SIGNATURE                                                                                     12
</TABLE>

<PAGE>

PART 1.   FINANCIAL INFORMATION

Item 1.   Financial Statements

                    JVWeb, Inc. (A Development Stage Company)
                        Unaudited Condensed Balance Sheet
                                 March 31, 1998

<TABLE>
<S>                                                                                                      <C>

Current Assets
         Cash                                                                                     $     30,602
         Accounts receivable                                                                             2,500
                                                                                                   ----------- 
                           Total Current Assets                                                         33,102

Furniture and equipment - net                                                                            3,438
                                                                                                   -----------
                                                                                                   $    36,540
                                                                                                   ===========

Contingent liabilities                                                                                    -

Stockholders' equity:
         Preferred stock, $.01 par, 10,000,000 shares
              authorized, no shares issued or outstanding                                                 -
         Common stock, $.01 par, 50,000,000 shares
               authorized, 7,050,000 shares issued and
              outstanding                                                                           $   70,500
         Paid-in capital                                                                                57,749
         Accumulated deficit during development stage                                                (  91,709)
                                                                                                     ----------
                 Total stockholders' equity                                                             36,540
                                                                                                     ----------

                 Total liabilities and stockholders' equity                                          $  36,540
                                                                                                     =========
                                                                                                   



</TABLE>





                             See accompanying notes
<PAGE>


                    JVWeb, Inc. (A Development Stage Company)
                     Unaudited Condensed Statement of Income
<TABLE>
<CAPTION>

                                                                                From Oct. 28, 1997
                                                                 Quarter        (Date of Inception)
                                                                  Ended              Through
                                                              March 31, 1998       March 31, 1998
<S>                                                              <C>                   <C>   
REVENUES
      Interest income                                         $           223       $           390

EXPENSES
      General and administrative                                       52,168                 91,897
      Depreciation                                                        202                    202
                                                                 -------------          ------------
                                                                       52,370                 92,099
                                                                 -------------         -------------

Net deficit accumulated during development stage                $     (52,147)       $      ( 91,709)
                                                                 =============       ===============

NET LOSS PER COMMON SHARE                                       $     (   .01)       $      (    .01)

WEIGHTED AVERAGE COMMON
         SHARES OUTSTANDING                                         6,430,000              6,430,000

</TABLE>



                             See accompanying notes
<PAGE>

                    JVWeb, Inc. (A Development Stage Company)
                               Unaudited Condensed
                        Statement of Stockholders' Equity
                Period from October 28, 1997 (Date of Inception)
                                to March 31, 1998
<TABLE>
<CAPTION>

                                                                               Accumulated
                                                                                 Deficit
                                                                                During the
                                            Common Stock        Paid-in         Development
                                          Shares      Amount     Capital          Stage             Totals
<S>                                         <C>        <C>        <C>                 <C>             <C>  
Shares issued at inception
   to founding shareholder,
   for cash                            6,200,000     $ 62,000  $  5,249                          $  67,249
Shares issued for services               150,000        1,500     4,500                              6,000
Shares issued for cash                   700,000        7,000    48,000                             55,000
Net (deficit)                                                                   $( 91,709)         (91,709) 
                                        ---------   ---------  ------------      ---------         --------

Balances, March 31, 1998               7,050,000     $ 70,500   $57,749         $( 91,709)       $  36,540
                                       =========    =========  ==========        =========        =========

</TABLE>





                             See accompanying notes
<PAGE>

                    JVWeb, Inc. (A Development Stage Company)
                               Unaudited Condensed
                             Statement of Cash Flows
<TABLE>
<CAPTION>
                                                                                   From Oct. 28, 1997
                                                                Quarter            (Date of Inception)
                                                                  Ended                Through
                                                              March 31, 1998       March 31, 1998



<S>                                                                <C>                      <C>    


CASH FLOWS FROM OPERATIONS
         Net deficit                                             $52,147)            $ (91,709)
         Adjustments to reconcile net income to cash
             provided from operating activities
                  Depreciation
                                                                     202                   202
                  Common stock issued for services                 5,000                 6,000
                     Increase in accounts receivable              (2,500)               (2,500)
                                                                  ------                ------ 

NET CASH USED BY OPERATING ACTIVITIES                            (49,445)              (88,007)
                                                                 --------              --------

CASH FLOWS FROM INVESTING ACTIVITES
         Purchase of fixed assets                                 (3,640)             (  3,640)
                                                                 --------             ---------
         CASH USED FOR INVESTING ACTIVITIES                       (3,640)             (  3,640)
                                                                 --------             ---------


CASH FLOWS FROM FINANCING ACTIVITIES
         Common stock issued to founding shareholder                                     67,249
         Common stock issued for cash                             55,000                 55,000
                                                                  ------                 ------
NET CASH PROVIDED BY FINANCING ACTIVITIES                         55,000                122,249
                                                                  ------                -------

                            NET INCREASE IN CASH                   1,915                 30,602

              CASH AT BEGINNING OF PERIOD                         28,687                   0
                                                                  ------              ----------


             CASH AT END OF PERIOD                            $   30,602                $30,602
                                                              ==========                =======



</TABLE>

                             See accompanying notes
<PAGE>

                    JVWeb, Inc. (A Development Stage Company)
                     Notes to Condensed Financial Statements
                Period from October 28, 1997 (Date of Inception)
                                to March 31, 1998

1. The accompanying  unaudited condensed  consolidated financial statements have
been prepared in accordance with generally  accepted  accounting  principles for
interim financial information.  The financial statements contained herein should
be read in conjunction with the audited  consolidated  financial  statements for
the period  from  October  28, 1997 (date of  inception)  to  November  10, 1997
included in the  Company's  Registration  Statement  on Form SB-2.  Accordingly,
footnote  disclosure which would  substantially  duplicate the disclosure in the
audited financial statements has been omitted.

        In the  opinion of  management,  the  accompanying  unaudited  condensed
financial  statements contain all adjustments  necessary for a fair statement of
the results for the  unaudited  period from October 28, 1997 (date of inception)
to March 31,  1998.  The  results of  operations  for an interim  period are not
necessarily indicative of the results to be expected for a full year.

2. As permitted under Statement of Financial Accounting Standards (SFAS) No. 123
(Accounting  for Stock-Based  Compensation),  the Company has continued to apply
Accounting Principles Board (APB) Opinion No. 25 (Accounting for Stock Issued to
Employees) and related interpretations. Accordingly, no compensation expense has
been recognized for the stock options.  The Company has granted options pursuant
to its stock option plan.  Grants are made at management's  discretion,  and are
compensation for services.  At March 31, 1998, a total of 3,791,250 options were
outstanding and exercisable with the following exercise prices:

                           3,756,250        at       $ 0.10
                              35,000        at         0.25

Options that have been granted and are  outstanding  expire in 5 years from date
of grant, and are 100% exercisable at date of grant.







<PAGE>
ITEM 2.           MANAGEMENT'S PLAN OF OPERATIONS

SUMMARY


     Significant  progress has been made in the initial  developments  of JVWeb,
Inc.,  since its  inception  on  November  11,  1997.  Our focus  centered  upon
initiating  and building  momentum in three critical  areas.  The first area has
been to create a  management  structure  made up of the right  kind of  talented
individuals  that can deliver on the promise of  constructing  and  implementing
viable web  commerce  opportunities.  We have  successfully  attracted  talented
individuals  in both  technical and marketing  aspects of web commerce,  and are
very pleased with the results of our efforts in this regard to date.  The second
area of focus has been in  developing a showcase  project,  involving the entire
talent team, which would display our ability to deploy a web commerce  strategy.
Again,  we are  very  pleased  with  the  results  of  our  flagship  web  site,
www.dadandme.com.

     The third area we have  concentrated  on is our capacity to  simultaneously
implement a business  structure that will absorb rapid growth. We also have made
substantial progress in this quarter on this issue. We have previously initiated
a filing with the Securities and Exchange Commisssion to become a public company
as a spin-off of an existing public company,  LS Capital Corporation on December
29, 1997. This filing was declared effective on May 12, 1998 and distribution of
the shares  occurred on May 20, 1998. We expect trading to commence near the end
of June, 1998.

     As our financial  statement  shows,  we invested our initial capital on the
development  of  our  first  operating  website,   dadandme.com,   which  became
operational  in April,  1998. WE also acquired  domain names for jvweb.com and a
third web site address,  www.familylifestyle.com  as we anticipate expanding our
web presence in 1998.

     We have also  continued  to  absorb  the costs of filing to become a public
company, which is reflected in the expenditures for this quarter.

     We  anticipate  further  development  efforts to continue  in the  upcoming
fourth  quarter  (April - June 1998).  We are projecting our first revenues from
operations to initiate in the first quarter (July - September,  1998) of our new
fiscal year ending June 30, 1999.

PERIOD ENDING MARCH 31, 1998

         The  Company  currently  has cash on hand only  sufficient  to  operate
throughout  fiscal 1998 on a fairly minimal  scale.  In order for the Company to
pursue its business plan in the manner it prefers,  the Company  expects that it
will need to raise  additional  funds in amounts  that can not now be  precisely
ascertained  due to the  uncertainty of the actual growth of the Company.  There
can be no  assurance  that the Company will be  successful  in raising the funds
that it needs.

         The Company does not anticipate performing any research and development
in the next  twelve  months,  other than that which is  performed  in the normal
course of business as it develops its electronic commerce capabilities,  such as
the  testing  of  new,  widely-available  software  for  use  in  the  Company's
electronic  commerce  pursuits.  There are no expected purchases or sales of any
plant or significant equipment.  The Company does not anticipate any significant
changes  in  its  number  of   employees,   other  than   through  any  possible
acquisitions.


         In November,  1997, the Company sold 500,000 shares of common stock and
1,500,000  Class A warrants  to LS Capital  Corporation  at a purchase  price of
$5,000 pursuant to the related spin-off agreement.

         In March,  1998, the Company issued 200,000 shares of common stock to a
private investor at a purchase price of $.25 per share.


PART II. OTHER INFORMATION

  ITEM 2.         CHANGES IN SECURITIES

         During the quarter ended March 31, 1998, the Company did not effect any
sale (not previously reported) of any equity securities not registered under the
Securities Act of 1933.

         On May 12, 1998, the Company's  Registration  Statement on Form SB-2 
(Commission  File No.  333-43379) was declared  effective by the U.S Securities
and Exchange  Commission.  This  Registration  Statement  registered the 
following securities:

         1.       350,000  shares  of the  Company's  Common  Stock,  par value 
                  $.01 per share ("Common Stock") owned by LS Capital 
                  Corporation ("LS Capital"),  some of which were distributed
                  to the  stockholders  of LS  Capital  and some of which may be
                  sold by LS Capital in the future.  The Company will  receive
                  no proceeds  from the  distribution  or sale of these shares 
                  of Common  Stock. Because only  approximately  72,950 of these
                  shares of Common Stock may be sold by LS Capital and because  
                  the sales  price is estimated  to be $1.00 per share the 
                  aggregate  price of the offering  amount of these shares of 
                  Common Stock is $72,950.

         2.       1,500,000  Class A Warrants  to purchase  1,500,000  Shares of
                  Common Stock at a per-share  exercise price of $1.00.  Some of
                  these Class A Warrants may be distributed to the  stockholders
                  of LS Capital,  while  others may be sold by LS Capital in the
                  future.   The  Company  will  receive  no  proceeds  from  the
                  distribution  or sale of these Class A Warrants.  Because only
                  approximately 391,800 of these Class A Warrants may be sold by
                  LS Capital  and because  the sales  price is  estimated  to be
                  $1.00 per warrant,  the aggregate price of the offering amount
                  of these Class A Warrants is $391,800.

         3.       1,500,000 shares of Common Stock that may be acquired pursuant
                  to exercises of the Class A Warrants.  The aggregate  price of
                  the  offering  amount  of  these  shares  of  Common  Stock is
                  $1,500,000.

         4.       3,000,000  Class B Warrants  to purchase  3,000,000  Shares of
                  Common Stock at a per-share exercise price of $2.00. The Class
                  B Warrants may be acquired, without any further consideration,
                  pursuant to  exercises  of the Class A Warrants,  at a rate of
                  two  Class B  Warrants  for each  Class A  Warrant  exercised.
                  Because  the Class B  Warrants  will be issued  for no further
                  consideration,  there is no  aggregate  price for the offering
                  amount of the Class B Warrants.

         5.       3,000,000 shares of Common Stock that may be acquired pursuant
                  to exercises of the Class B Warrants.  The aggregate  price of
                  the  offering  amount  of  these  shares  of  Common  Stock is
                  $6,000,000.

         6.       3,000,000  Class C Warrants  to purchase  3,000,000  Shares of
                  Common Stock at a per-share exercise price of $5.00. The Class
                  C Warrants may be acquired, without any further consideration,
                  pursuant to  exercises  of the Class B Warrants,  at a rate of
                  one  Class C  Warrant  for  each  Class B  Warrant  exercised.
                  Because  the Class C  Warrants  will be issued  for no further
                  consideration,  there is no  aggregate  price for the offering
                  amount of the Class C Warrants.

         7.       3,000,000 shares of Common Stock that may be acquired pursuant
                  to exercises of the Class C Warrants.  The aggregate  price of
                  the  offering  amount  of  these  shares  of  Common  Stock is
                  $15,000,000.

         8.       5,000,000  shares  of  Common  Stock  that  may be  issued  in
                  connection  with  acquisitions.  The  aggregate  price  of the
                  offering amount of these shares of Common Stock is $5,000,000.

         As of June 23, 1998,  approximately  277,050 shares of Common Stock and
approximately   1,108,200   Class  A  Warrants  had  been   distributed  to  the
stockholders  of LS Capital for no  consideration  from such  stockholders.  The
Company  believes that, as of such date, LS Capital had sold no shares of Common
Stock and no Class A Warrants.  Moreover,  as of June 23, 1998, the Common Stock
and Class A Warrants had not yet commenced trading,  and no Class A Warrants had
been  exercised.  Consequently,  the Company has  received no proceeds  from the
offering registered pursuant to the Registration Statement.
         The  following  is the  approximate  actual  expenses  incurred  by the
Company in connection with the offering of the securities  registered  under the
Registration  Statement.  All of these  expenses were paid to persons other than
directors or officers of the Company or persons  owning 10% or more of any class
of equity securities of the Company.
<TABLE>
<CAPTION>

         Item                                                                                                Amount
          <S>                                                                                                 <C>
     
         SEC Registration Fee ...........................................................................$ 8,250.00
         Blue Sky Filing Fees and Expenses.................................................................2,262.00
         Legal Fees and Expense...........................................................................20,000.00
         Accounting Fees and Expenses .................................................................... 1,500.00
         Printing..........................................................................................6,700.00
         Engraving.........................................................................................2,477.00
         Mailing...........................................................................................2,000.00

         Total............................................................................................43,189.00
</TABLE>


  ITEM 6..........EXHIBITS AND REPORTS ON FORM 8-K

         (a)Exhibits

 The following exhibits are filed with this Quarterly Report or are incorporated
herein by reference:

          Exhibit
          Number                     Description

             27                      Financial Data Schedule

         (b)Reports on Form 8-K

         None

                                    SIGNATURE

         In accordance with the requirements of the Exchange Act, the Registrant
has duly  caused  this  Report to be signed  on its  behalf by the  undersigned,
thereunto duly authorized.

                                   JVWEB, INC.
                                  (Registrant)


                                   By: /s/Greg J. Micek

                                   Greg J. Micek, President
                                   (Principal Executive Officer, Principal
                                   Financial Officer and Principal
                                   Accounting Officer)

Dated: June 25, 1998


<PAGE>




                                 EXHIBITS INDEX

           Exhibit
           Number             Description


           27              Financial Data Schedule