EXHIBIT 31

                          RULE 13A-14(A) CERTIFICATIONS

I, Michael Tokarz, certify that:

                    1. I have  reviewed  this annual report on Form 10-K of meVC
               Draper Fisher Jurvetson Fund I, Inc.;

                    2. Based on my  knowledge,  this report does not contain any
               untrue  statement of a material  fact or omit to state a material
               fact  necessary  to make  the  statements  made,  in light of the
               circumstances   under  which  such   statements  were  made,  not
               misleading with respect to the period covered by this report;

                    3. Based on my  knowledge,  the  financial  statements,  and
               other  financial  information  included  in this  report,  fairly
               present in all material respects the financial condition, results
               of  operations  and cash flows of the  registrant as of, and for,
               the periods presented in this report;

                    4. The registrant's  other  certifying  officer(s) and I are
               responsible for establishing and maintaining  disclosure controls
               and  procedures  (as  defined in  Exchange  Act Rules  13a-14 and
               15d-14) for the registrant and have:

                         a) designed such disclosure controls and procedures, or
                    caused  such  disclosure   controls  and  procedures  to  be
                    designed  under our  supervision,  to ensure  that  material
                    information  relating  to  the  registrant,   including  its
                    consolidated  subsidiaries,  is made  known to us by  others
                    within  those  entities,  particularly  during the period in
                    which this report is being prepared; and

                         b)  evaluated  the  effectiveness  of the  registrant's
                    disclosure  controls and  procedures  and  presented in this
                    report  our  conclusions  about  the  effectiveness  of  the
                    disclosure  controls  and  procedures,  as of the end of the
                    period covered by this report based on such evaluation; and

                         c)   disclosed   in  this  report  any  change  in  the
                    registrant's  internal control over financial reporting that
                    occurred during the registrant's  most recent fiscal quarter
                    (the  registrant's  fourth fiscal  quarter in the case of an
                    annual   report)  that  has  materially   affected,   or  is
                    reasonably  likely to materially  affect,  the  registrant's
                    internal control over financing reporting; and


<PAGE>



                    5. The registrant's  other certifying  officer(s) and I have
               disclosed,   based  on  our  most  recent   evaluation,   to  the
               registrant's  auditors and the audit  committee  of  registrant's
               Board  of  Directors  (or  persons   performing   the  equivalent
               functions):

                         a)  all  significant  deficiencies  in  the  design  or
                    operation of internal control over financial reporting which
                    could adversely affect the  registrant's  ability to record,
                    process,  summarize  and  report  financial  data  and  have
                    identified  for  the  registrant's   auditors  any  material
                    weaknesses in internal controls; and

                         b) any fraud,  whether or not  material,  that involves
                    management or other employees who have a significant role in
                    the registrant's internal control over financial reporting.

Dated:
January 29, 2004                   /s/    Michael Tokarz
                                   --------------------------------------
                                   Michael Tokarz
                                   In the  capacity of the officer who performs
                                   the functions of Principal Executive Officer
                                   meVC Draper Fisher Jurvetson Fund I, Inc.


<PAGE>



I, Frances Spark, certify that:

          1. I have  reviewed  this  annual  report on Form 10-K of meVC  Draper
     Fisher Jurvetson Fund I, Inc.;

          2. Based on my  knowledge,  this  report  does not  contain any untrue
     statement of a material fact or omit to state a material fact  necessary to
     make the statements  made, in light of the  circumstances  under which such
     statements  were made, not misleading with respect to the period covered by
     this report;

          3.  Based  on  my  knowledge,  the  financial  statements,  and  other
     financial  information  included  in this  report,  fairly  present  in all
     material respects the financial  condition,  results of operations and cash
     flows of the  registrant  as of, and for,  the  periods  presented  in this
     report;

          4. The registrant's other certifying  officer(s) and I are responsible
     for  establishing  and maintaining  disclosure  controls and procedures (as
     defined in Exchange  Act Rules  13a-14 and 15d-14) for the  registrant  and
     have:

               a) designed such disclosure  controls and  procedures,  or caused
          such  disclosure  controls  and  procedures  to be designed  under our
          supervision,  to ensure  that  material  information  relating  to the
          registrant,  including its consolidated subsidiaries, is made known to
          us by others within those entities,  particularly during the period in
          which this report is being prepared; and

               b) evaluated the  effectiveness  of the  registrant's  disclosure
          controls and procedures  and presented in this report our  conclusions
          about the effectiveness of the disclosure controls and procedures,  as
          of the  end of the  period  covered  by  this  report  based  on  such
          evaluation; and

               c)  disclosed  in this  report  any  change  in the  registrant's
          internal  control over financial  reporting  that occurred  during the
          registrant's  most recent  fiscal  quarter  (the  registrant's  fourth
          fiscal  quarter in the case of an annual  report) that has  materially
          affected,   or  is  reasonably  likely  to  materially   affect,   the
          registrant's  internal  control over financing  reporting;  and


<PAGE>



          5. The registrant's other certifying  officer(s) and I have disclosed,
     based on our most recent evaluation,  to the registrant's  auditors and the
     audit committee of registrant's  Board of Directors (or persons  performing
     the equivalent functions):

               a) all  significant  deficiencies  in the design or  operation of
          internal control over financial reporting which could adversely affect
          the  registrant's  ability to record,  process,  summarize  and report
          financial data and have identified for the  registrant's  auditors any
          material weaknesses in internal controls; and

               b) any fraud,  whether or not material,  that involves management
          or other  employees  who have a significant  role in the  registrant's
          internal control over financial reporting.

Dated:
January 29, 2004                      /s/  Frances Spark
                                      -----------------------------------------
                                      Frances Spark

                                      In the capacity of the officer who
                                      performs the functions of Principal
                                      Financial Officer meVC Draper Fisher
                                      Jurvetson Fund I, Inc.