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Historic Fund Venture

Traders Magazine, April 2000

Stephen Lacey

Draper, Fisher Jurvetson, a venture capital firm, has embarked on a mission that could have far-reaching consequences - a $330 million closed end fund for retail investors.

The Redwood City, Calif.-based outfit's meVC Draper Fisher Jurvetson Fund I was priced at $20 a share on March 28. Lead manager Prudential Securities, placed 16.5 million shares of common stock.

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