Well, the problem is that the variable i, within each of your anonymous functions, is bound to the same variable outside of the function.

ES6 solution: let

ECMAScript 6 (ES6) introduces new let and const keywords that are scoped differently than var-based variables. For example, in a loop with a let-based index, each iteration through the loop will have a new variable i with loop scope, so your code would work as you expect. There are many resources, but I'd recommend 2ality's block-scoping post as a great source of information.

for (let i = 0; i < 3; i++) {
  funcs[i] = function() {
    console.log("My value: " + i);
  };
}

Beware, though, that IE9-IE11 and Edge prior to Edge 14 support let but get the above wrong (they don't create a new i each time, so all the functions above would log 3 like they would if we used var). Edge 14 finally gets it right.

ES5.1 solution: forEach

With the relatively widespread availability of the Array.prototype.forEach function (in 2015), it's worth noting that in those situations involving iteration primarily over an array of values, .forEach() provides a clean, natural way to get a distinct closure for every iteration. That is, assuming you've got some sort of array containing values (DOM references, objects, whatever), and the problem arises of setting up callbacks specific to each element, you can do this:

var someArray = [ /* whatever */ ];
// ...
someArray.forEach(function(arrayElement) {
  // ... code code code for this one element
  someAsynchronousFunction(arrayElement, function() {
    arrayElement.doSomething();
  });
});

The idea is that each invocation of the callback function used with the .forEach loop will be its own closure. The parameter passed in to that handler is the array element specific to that particular step of the iteration. If it's used in an asynchronous callback, it won't collide with any of the other callbacks established at other steps of the iteration.

If you happen to be working in jQuery, the $.each() function gives you a similar capability.

Classic solution: Closures

What you want to do is bind the variable within each function to a separate, unchanging value outside of the function:

var funcs = [];

function createfunc(i) {
  return function() {
    console.log("My value: " + i);
  };
}

for (var i = 0; i < 3; i++) {
  funcs[i] = createfunc(i);
}

for (var j = 0; j < 3; j++) {
  // and now let's run each one to see
  funcs[j]();
}

Since there is no block scope in JavaScript - only function scope - by wrapping the function creation in a new function, you ensure that the value of "i" remains as you intended.

There is a standards based replacement,DOMContentLoaded that is supported by over 99% of browsers, though not IE8:

document.addEventListener("DOMContentLoaded", function(event) { 
  //do work
});

jQuery's native function is much more complicated than just window.onload, as depicted below.

function bindReady(){
    if ( readyBound ) return;
    readyBound = true;

    // Mozilla, Opera and webkit nightlies currently support this event
    if ( document.addEventListener ) {
        // Use the handy event callback
        document.addEventListener( "DOMContentLoaded", function(){
            document.removeEventListener( "DOMContentLoaded", arguments.callee, false );
            jQuery.ready();
        }, false );

    // If IE event model is used
    } else if ( document.attachEvent ) {
        // ensure firing before onload,
        // maybe late but safe also for iframes
        document.attachEvent("onreadystatechange", function(){
            if ( document.readyState === "complete" ) {
                document.detachEvent( "onreadystatechange", arguments.callee );
                jQuery.ready();
            }
        });

        // If IE and not an iframe
        // continually check to see if the document is ready
        if ( document.documentElement.doScroll && window == window.top ) (function(){
            if ( jQuery.isReady ) return;

            try {
                // If IE is used, use the trick by Diego Perini
                // http://javascript.nwbox.com/IEContentLoaded/
                document.documentElement.doScroll("left");
            } catch( error ) {
                setTimeout( arguments.callee, 0 );
                return;
            }

            // and execute any waiting functions
            jQuery.ready();
        })();
    }

    // A fallback to window.onload, that will always work
    jQuery.event.add( window, "load", jQuery.ready );
}