SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

Filed by the Registrant [ ]
Filed by a Party other than the Registrant [x]

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[ ] Preliminary Proxy Statement
[ ] Confidential, for Use of the Commission Only (as permitted by Rule
14A-6(e)(2))
[ ] Definitive Proxy Statement
[ ] Definitive Additional Materials
[x] Soliciting Material Pursuant to ss.240.14a-11(c) or ss.240.14a-12

meVC Draper Fisher Jurvetson Fund I, Inc.
(Name of Registrant as Specified In Its Charter)

Millenco, L.P.
(Name of Person(s) Filing Proxy Statement if other than the Registrant)

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[ ] Fee paid previously with preliminary materials.

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MILLENNIUM PARTNERS, L.P.

666 FIFTH AVENUE TELEPHONE 212.841.4100
NEW YORK, NY 10103-0899 TELEFAX 212.841.4141

CONTACT
MEDIA INVESTORS
Paul Caminiti/Kim Levy/Keil Decker Robert Knapp
Citigate Sard Verbinnen Millennium Partners
(212) 687-8080 (212) 841-4100

MILLENNIUM PARTNERS COMMENTS ON
LAWSUIT FILED BY CURRENT MVC MANAGEMENT TEAM

SAYS MVC MANAGEMENT IS "BANKRUPT OF CREDIBILITY"

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NEW YORK, NY - FEBRUARY 7, 2003 -- Millennium Partners, LP
("Millennium") today issued the following statement regarding a lawsuit filed by
the current management team of MVC Capital (NYSE: MVC, "the Fund") against
Millennium:

Mr. Robert Knapp, Managing Director of Millennium, said, "This lawsuit
is an act of desperation from a management team that has lost its shareholders'
support. Mr. Grillos and his management team are bankrupt of credibility. The
lawsuit is a transparent attempt to obstruct shareholder's right to vote, and a
shameful waste of shareholder resources. If these legal claims had any merit,
they would have been brought before the Delaware Court that overturned the
election of three of the Fund's directors, including that of MVC's Chief
Executive Officer John Grillos, on the grounds of proxy deception and breach of
fiduciary duties."

Richard Cohen, lawyer of Lowey Dannenberg Bemporad & Selinger, P.C.,
outside counsel to Millennium, said, "We won a judgment in the Delaware Chancery
Court on December 19, 2002 that determined the incumbent directors had breached
their fiduciary duties to shareholders and obtained their elections through
deceit. In an escalation of management's dirty tactics, the complaint against
Millenco has zero credibility, is riddled with factual errors and
misrepresentations, and is clearly just an election ploy."

Knapp added, "Millenco has a top-tier slate of nominees for the Board
and a compelling strategy for earning superior long term returns at MVC. Since
the Delaware Court's decision, MVC's cash position has fallen by over $26
million, from $141.4 million on December 17, 2002 to $114.9 million on February
6, 2003. In our opinion this represents a represents a willful destruction of
shareholder value, and a deliberate attempt to make the Fund less attractive to
prospective new management teams."

Knapp continued, "We strongly encourage MVC shareholders to take this
opportunity to effect change at this

long mismanaged Fund and vote FOR the Millenco slate of Directors by signing,
dating and returning the GREEN proxy card in advance of the annual meeting."

Through its subsidiary Millenco, Millennium has proposed a slate of
seven nominees to replace the existing MVC Board at the annual meeting to be
held on February 28, 2003. On December 19th, the Delaware Chancery Court
overturned the election of three of the Fund's directors, including that of
MVC's Chief Executive Officer John Grillos, on the grounds of proxy deception
and breach of fiduciary duties and ordered MVC to hold new elections. Millennium
welcomes comments and suggestions from MVC shareholders at
mevcshareholders@yahoo.com. For more information, shareholders can visit
www.mevcshareholders.com.

# # #

To the extent that the foregoing release may be considered a "solicitation," as
defined by SEC regulations, such solicitation is being made by Millenco. L.P., a
Delaware limited partnership, which is a broker-dealer and member of the
American Stock Exchange. The general partner of Millenco is Millennium
Management, LLC, a Delaware limited liability company. The sole manager of
Millennium Management, LLC is Israel A. Englander. The principal office of
Millenco, Millennium and Mr. Englander is 666 Fifth Avenue, New York, New York
10103.

For a description of the Millenco's direct or indirect interests in the Fund, we
refer you to Millenco's filings on Schedule 13D which can be obtained from the
SEC's website, www.sec.gov.

Millenco, L.P. has filed its definitive proxy statement with the Securities and
Exchange Commission, and it will file additional solicitation material with the
SEC in the future. SHAREHOLDERS SHOULD READ SUCH PROXY STATEMENT AND OTHER
SOLICITATION MATERIAL CAREFULLY BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION.
ANY AND ALL PROXY STATEMENTS AND OTHER MATERIAL FILED IN CONNECTION WITH THE
SHAREHOLDERS MEETING WILL BE AVAILABLE, FOR FREE, AT THE SECURITIES AND EXCHANGE
COMMISSION'S WEBSITE WWW.SEC.GOV AND AT WWW.MEVCSHAREHOLDERS.COM. IN ADDITION,
MILLENCO WILL MAKE AVAILABLE WITHOUT CHARGE, VIA EMAIL, ANY PROXY STATEMENT OR
OTHER SOLICITATION MATERIAL IT MIGHT ISSUE, TO SHAREHOLDERS WHO REQUEST IT BY
CONTACTING US AT: MEVCSHAREHOLDERS@YAHOO.COM.

The statements in this press release may be "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995. These
statements are subject to risks and uncertainties. In particular, statements in
this press release that state the intentions, beliefs, expectations, strategies,
predictions of Millennium or its nominees for directors with respect to the Fund
and its operations, or any other statements relating to the Fund's future
activities or other future events or conditions are "forward-looking
statements." Forward-looking statements are not guarantees of future performance
and involve risks, uncertainties and other factors, as well as general economic
conditions, which are difficult to predict and any one or more of which could
cause actual results to differ materially from those stated in such statements.
Any forward-looking statements speak only as of the date on which the material
is released, and Millennium does not undertake any obligation to update any
forward-looking statement to reflect events or circumstances after the date of
such information is released.