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


                                  SCHEDULE 13G


                    Under the Securities Exchange Act of 1934

                               (Amendment No. 3)*




                                  eSpeed, Inc.
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                                (Name of Issuer)

                 Class A Common Stock, $0.01 par value per share
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                         (Title of Class of Securities)

                                    296643109
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                                 (CUSIP Number)

                                 August 9, 2007
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             (Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this  Schedule
13G is filed:

              [ ] Rule 13d-1(b)
              [X] Rule 13d-1(c)
              [ ] Rule 13d-1(d)


*The  remainder of this cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for any  subsequent  amendment  containing  information  which  would  alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 ("Act") or otherwise  subject to the liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes).




                               CUSIP NO.  296643109
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(1)   Names of Reporting Persons.  I.R.S. Identification Nos. of  Above  Persons
      (entities only):   Ronald J. Juvonen
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(2)   Check  the  Appropriate Box  if  a  Member of  a  Group (See Instructions)
         (a)                             (b)
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(3)   SEC Use Only
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(4)   Citizenship or Place of Organization:  United States
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Number of Shares Beneficially Owned by
   Each Reporting Person                 (5) Sole Voting Power:           *
                                             -----------------------------------
                                         (6) Shared Voting Power:         *
                                             -----------------------------------
                                         (7) Sole Dispositive Power:      *
                                             -----------------------------------
                                         (8) Shared Dispositive Power:    *
                                             -----------------------------------
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(9)   Aggregate Amount Beneficially Owned by Each Reporting Person:  3,483,500*
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(10)  Check if  the  Aggregate Amount  in  Row  (9) Excludes Certain Shares (See
      Instructions)
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(11)  Percent of Class Represented by Amount in Row (9):    11.6%*
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(12)  Type of Reporting Person (See Instructions):  IA
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* The shares of the Class A Common  Stock of eSpeed,  Inc.,  $0.01 par value per
share (the "Common Stock"),  are held by Downtown  Associates I, L.P.,  Downtown
Associates II, L.P.,  Downtown  Associates III, L.P. and Downtown  Associates V,
L.P.  (collectively referred to as the "Downtown Funds"). The general partner of
the Downtown  Funds is Downtown  Associates,  L.L.C.  (the  "General  Partner").
Ronald J. Juvonen, as the Managing Member of the General Partner, has sole power
to vote and direct the disposition of all shares of the Common Stock held by the
Downtown  Funds.  Thus, as of August 9, 2007,  for the purposes of Reg.  Section
240.13d-3,  Mr. Juvonen is deemed to beneficially own 3,483,500 shares, or 11.6%
of the shares of the Common Stock issued and outstanding as of that date.





Item 1(a)  Name Of Issuer:  eSpeed, Inc.

Item 1(b)  Address of Issuer's Principal Executive Offices:
           110 East 59th Street, New York, New York  10022


Item 2(a)  Name of Person Filing:  Ronald J. Juvonen

Item 2(b)  Address  of  Principal  Business  Office  or,  if  None,  Residence:
           c/o  Downtown  Associates,  L.L.C.,   674 Unionville Road, Suite 105,
           Kennett Square, PA  19348

Item 2(c)  Citizenship:  United States

Item 2(d)  Title of Class of Securities:  Class A Common Stock, $0.01  par value
           per share

Item 2(e)  CUSIP No.:  296643109


Item 3     If  This  Statement Is  Filed  Pursuant  to  Section  240.13d-1(b) or
           240.13d-2(b) or (c), check whether the Person Filing is a

           Not Applicable.


Item 4     Ownership

         (a)   Amount Beneficially Owned (as of August 9, 2007)      3,483,500*

         (b)   Percent of Class (as of August 9, 2007)                 11.6%*

         (c)   Number of Shares as to which such person has:

              (i)    sole power to vote or to direct the vote       *

             (ii)    shared power to vote or to direct the vote   *

            (iii)    sole power to dispose or to direct the disposition of  *

             (iv)    shared power to dispose or to direct the disposition of  *


* The shares of the Class A Common  Stock of eSpeed,  Inc.,  $0.01 par value per
share (the "Common Stock"),  are held by Downtown  Associates I, L.P.,  Downtown
Associates II, L.P.,  Downtown  Associates III, L.P. and Downtown  Associates V,
L.P.  (collectively referred to as the "Downtown Funds"). The general partner of





the Downtown  Funds is Downtown  Associates,  L.L.C.  (the  "General  Partner").
Ronald J. Juvonen, as the Managing Member of the General Partner, has sole power
to vote and direct the disposition of all shares of the Common Stock held by the
Downtown  Funds.  Thus, as of August 9, 2007,  for the purposes of Reg.  Section
240.13d-3,  Mr. Juvonen is deemed to beneficially own 3,483,500 shares, or 11.6%
of the shares of the Common Stock issued and outstanding as of that date.



Item 5.   Ownership of Five Percent or Less of a Class

          Not Applicable.


Item 6.   Ownership of More Than Five Percent on Behalf of Another Person.

          Not Applicable.


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

          By  signing  below I certify  that,  to the best of my  knowledge  and
belief, the securities  referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing  the control of the
issuer of the  securities  and were not acquired and are not held in  connection
with or as a participant in any transaction having that purpose or effect.








                                    SIGNATURE


          After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information  set forth in this statement is true,  complete and
correct.


                                              August 14, 2007



                                              /s/ Ronald J. Juvonen
                                              ----------------------------------
                                              Ronald J. Juvonen, in his capacity
                                              as the Managing Member of Downtown
                                              Associates, L.L.C.


      Attention: Intentional misstatements or omissions of fact constitute
                Federal criminal violations (See 18 U.S.C. 1001)