Tim Draper Biography
Tim Draper is a venture capitalist from the United States and the creator of DFJ, Draper University, Draper Venture Network, Draper Associates, and Draper Goren Holm. Baidu, Hotmail, Skype, Tesla, SpaceX, AngelList, SolarCity, Ring, Twitter, DocuSign, Coinbase, Robinhood, Ancestry.com, Twitch, Cruise Automation, PrettyLitter, and Focus Media are among his most notable investments. He is a supporter of Bitcoin and decentralization, and he was one of Theranos’ early investors.
Draper attended Phillips Academy Andover before enrolling at Stanford University, where he earned a bachelor’s degree in electrical engineering in 1980. In 1984, he received an MBA from Harvard Business School. Draper interned as a marketing engineer for Hewlett-Packard while at Stanford. As a student, Draper earned national headlines by co-creating the popular campus board game “Stanford – The Game” with Heidi Roizen, who was a student at the Stanford Graduate School of Business at the time.
Tim Draper Age
He is 64 years old as of 11 June 2022. He was born on 11 June 1958 in California, United States. Timothy Cook Draper is his birth name.
Is Tim Draper Married? (Tim Draper Children)
Venture funds are owned by three of Draper’s children as well. The managing director of Boost VC is Adam Draper. Billy Draper and Jesse Draper are the managing directors of Halogen VC and Path Ventures, respectively.
Tim Draper Net Worth (What is Tim Draper’s net worth?)
He has an estimated net worth of $1 billion.
Tim Draper Bitcoin
Draper spent around US$19 million for roughly 30,000 bitcoins seized from the Silk Road by the US Marshals service and auctioned to the public on June 27, 2014.
On September 23, 2014, Draper told Fox Business that one bitcoin would reach $10,000 “in three years”; on January 27, 2015, Draper bet $400,000 (equivalent to 2000 bitcoins at $200) that bitcoin would recover from a recent drop. On November 29, 2017, the price of bitcoin surpassed $10,000. During an Intelligence Squared debate on April 21, 2018, Draper claimed, “In five years, you’re going to try to buy coffee with fiat currency and they’re going to laugh at you because you’re not using crypto.” He projected in December 2019 that bitcoin would hit $250,000 by the end of 2022.
Tim Draper Theranos
Draper was one of the initial investors in Theranos, a blood testing startup whose CEO, Elizabeth Holmes, was later charged with huge fraud by the SEC. Draper continued to defend Holmes in 2018, even after the SEC had officially accused her, claiming that she had been “bullied into submission.”
Tim Draper Tesla
Draper, through DFJ, invested in Tesla’s Series C investment round in 2006. Draper Associates again invested in Tesla’s Series D venture round in 2007.
Tim Draper Career
In 1985, Draper left the speculation bank Alex. Brown and Children to begin his own funding firm. In 1991, former coworker John H.N. Fisher became a partner, and in 1994, business student Steve Jurvetson became the firm’s third partner. Draper invested in Jack Smith and Sabeer Bhatia, who gave him their company, Hotmail.
Despite the fact that numerous publications claim that he “invented viral marketing” in 1996, his early support for the founders stemmed from his concept of automatically including a brief advertising message at the bottom of incoming Hotmail emails. After that, Draper and Jurvetson came up with the term “viral marketing,” though the term itself is mentioned in a 1989 issue of PC User.
Bill Draper, Draper’s father, was an early Skype investor, and DFJ backed Skype in 2004. The organization possessed 10% of Skype in 2005 when it was offered to eBay for US$4.1 billion. In 2007, at Stanford University, Draper and Niklas Zennström made their first appearance in a Skype video together. In 2006, Draper through DFJ was a financial backer in the Series C endeavor round of Tesla. In 2007, Draper again put resources into Tesla’s Series D endeavor round through Draper Partners.
Draper was taken for a ride in the self-driving Cruise Automation vehicle by Twitch founder Kyle Vogt after the company received funding and was sold to Amazon for $1 billion. After almost crashing, Draper supported Voyage. After that, Cruise was also sold to General Motors for $1 billion. Robinhood (the company), Coinbase, eShares, Tezos, DefiMoneyMarket, and OpenGov are among Draper’s most recent investments. Draper’s new speculations are based on organizations who utilize man-made brainpower, Bitcoin, blockchain, savvy contracts, and computational genomics to apply to ventures like money, medical care, and government.
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