MeVC Draper Fisher Jurvetson Fund (MVC, XMVCX) Message Board

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Technology Stocks : MeVC Draper Fisher Jurvetson Fund (MVC, XMVCX)

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To: Topannuity who started this subject	9/19/2000 2:57:31 PM
From: RoseCampion	Read Replies (1) of 180

Some numbers - Current NAV - 19.14 Current price - 13.63 Premium to NAV (negative)28.5% Since (as of 9/18) only 31.9% of the fund's assets have been allocated to investments, that means that the fund's cash-on-hand must still be (19.14 x .681) = 13.03. So the market is apparently valuing the fund's 12 investments to date (19.14 x 31.9% = $6.11, or ~$100M worth) at (13.63-13.03)=.60, or about ten cents on the dollar. Dunno 'bout you, but that seems like a heckuva deal to me (especially considering that all of those investments were made after the tech bubble had already burst). Am I missing something here? -Rose-

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