Word: auctionwatch
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That was the start of meVC, which in June launched its $330 million meVC Draper Fisher Jurvetson Fund 1, taking stakes in such start-ups as Internet telephony player Pagoo and e-commerce firm Auctionwatch. Much like shares in a regular, closed-end mutual fund, meVC shares trade on the New York Stock Exchange (symbol: MVC). Unfortunately, because of this year's groggy market, meVC shares closed at $12.88 last week, down 36% from their initial price of $20. Since VC bets are notoriously risky, many critics think small-time investors shouldn't be fooling around with this business. Freudenthal...