meVC Draper Fisher Jurvetson Fund I Invests $2 Million in
InfoImage, Inc.
San Francisco, CA - June 15, 2000 - meVC Draper Fisher Jurvetson
Fund I, an information technology venture capital fund providing
individual investors access to venture capital investments (NYSE: MVC),
today announced a $2 million mezzanine investment in InfoImage, Inc., a
leading decision portal provider. The Fund, which closed in March 2000
and will begin trading no later than June 26, 2000 on the New York Stock
Exchange under the symbol "MVC," is the first in what will be a family of
meVC venture capital funds created to give individual investors the ability
to diversify their investment portfolios and participate in private equity
investments.
Since 1992, InfoImage has helped Fortune 500 companies increase their
decision-making efficiency with intranet/extranet solutions using Web
and collaborative technologies. The cornerstone of its product and
service offerings is InfoImage freedom, a decision portal software
product allowing access to structured and unstructured data, advanced
personalization, intuitive search, business intelligence and collaboration
tools. With the recent release of freedom 2, InfoImage teamed with
Microsoft Corp. to provide enterprise digital dashboard solutions that
help companies work more efficiently by consolidating key information
from disparate data sources into a unified desktop view.
"In partnering with meVC, we're not only given the opportunity to expand
our capital to fund general operations such as product development and
marketing, we're also gaining access to a broad base of potential
customers," said Randall W. Eckel, President, CEO and co-founder of
InfoImage. "We see this as a unique opportunity to utilize additional
funding while taking advantage of meVC's connection to the individual
investor."
"As a leader in the business-to-business workflow software space,
InfoImage goes beyond traditional static corporate portals to improve the
entire decision making process," said John M. Grillos, Chairman, Chief
Executive Officer and Managing Member of the meVC Draper Fisher
Jurvetson Fund I. "A Microsoft Alliance partner, InfoImage has an
impressive and growing customer base that we believe has strong long-
term growth potential."
About the meVC Draper Fisher Jurvetson Fund I, Inc.
meVC Draper Fisher Jurvetson Fund I, Inc., an information technology
venture capital fund, was formed through a collaborative effort between
meVC, a Delaware corporation, and Draper Fisher Jurvetson, a leading
venture capital investment firm. The Fund's investment objective is long-
term capital appreciation from venture capital investments in information
technology companies, primarily in the Internet, e-commerce,
telecommunications, networking, software and information services
industries. Additional information may be obtained by writing to meVC
Draper Fisher Jurvetson Fund I, Inc., 991 Folsom Street, San Francisco,
California 94107, Attention: Secretary or by calling 877-474-meVC
(6382).
About meVC
meVC is the first venture capital investment management firm to provide
all individual investors access to private equity investments. meVC plans
to sponsor a family of venture capital funds that invest in various venture
capital industry sectors and geographic regions. In March of 2000, meVC
launched its first Fund, a $330 million venture capital fund emphasizing
investments in information technology companies. The Fund will be
publicly traded on the New York Stock Exchange on June 26, 2000 under the
symbol "MVC." The company is headquartered in San Francisco, California,
and can be reached via the Web at www.meVC.com or at 415-977-6150.
About InfoImage
InfoImage develops and implements freedom decision portal software to
increase the decision-making velocity of Fortune 500 companies. With
vast experience in Web and collaborative technologies, InfoImage
provides full-service decision portal solutions with an experienced team
of development, implementation, education and support professionals.
Founded in 1992, Phoenix-based InfoImage has offices across the
United States and can be found online at infoimage.com.
Statements in this announcement other than historical data and information
constitute forward looking statements that involve risks and uncertainties
that could cause actual results to differ materially from those stated or
implied by such forward-looking statements. Potential risks and uncertainties
may include, but are not limited to, recent changes in senior management,
fluctuations in operating results, market conditions and changes in technology
and increased competition.
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