Cryptocurrency Industry Spotlight: Tim Draper

Tim Draper has quickly become one of the most prominent figures in the blockchain world.

A longtime advocate of Bitcoin and blockchain technology, Draper has attracted significant attention to himself and his activity in the cryptocurrency world.

About Tim Draper

Although many in the cryptocurrency world may have had their first introduction to Tim Draper through his involvement in the space, his prominence comes long before the age of blockchain.

Tim Draper comes from a long of venture capitalists, the third in a familial line of Drapers.

He graduated with a BS in electrical engineering from Stanford University in 1980 and received an MBA from Harvard Business School in 1984.

In 1985, Draper started his own venture capital firm, where former colleague John H.N. Fisher became a partner in 1991 along with Steve Jurvetson. As of 2015, Draper Fisher Jurvetson’s core funds have raised more than $5 billion, which has been invested in over 300 companies. DFJ is also one of the most active investors in the space sector.

It is commonly assumed that Draper and Jurvetson are the inventors of “viral marketing”, born out of their idea to automatically attach a short advertising message to outgoing Hotmail emails in 1996.

Draper is known for his early-stage investments in Skype and other unicorn and rhino companies. His father, Bill Draper, was an earlier investor in the peer-to-peer video platform, and DFJ invested into Skype in 2004. In 2005, Skype was sold to eBay for $4.1 billion. DFJ owned 10% of Skype at the time of the sale.

Skype, along with investments in Tesla, SpaceX, Hotmail, Baidu, and Coinbase have propelled Tim Draper into venture capital fame with multiple generations.

Tim Draper playing basketball with his son Adam Draper. Image via https://www.mercurynews.com

In 2013, Draper left DFJ and announced he will continue investing through his personal fund Draper Associates and will help his son run an incubator.

On June 27th, 2014, Draper purchased around 30,000 bitcoins (estimated to be worth around $19 million at the time) from US Marshals seizure of the Silk Road assets. At the peak of Bitcoin’s price in 2017, his purchase was worth nearly $600 million.

Tim Draper is well-known for his advocacy and support of Bitcoin. On January 27th, 2015, Draper bet around $400,000 that Bitcoin would come back from its recent drop. Fast forward more than three years later, it’s clear he put his money on the right horse.

Draper University

Tim Draper launched Draper University in San Mateo, California as a full-time, immersive educational program that serves as a crash course for entrepreneurs all over the world to get onboarded to the various skill sets required to start a startup.

Draper University claims to have helped launched 280+ startups that have raised over $51.4 million in funding.

Draper University Blockchain Intensive

In late 2017, Draper University launched a blockchain and cryptocurrency focused course, the Draper Blockchain Intensive.

This four-day blockchain crash course aims to onboard everybody from young entrepreneurs to business leaders in enterprise organizations to better understand blockchain, the current blockchain landscape, and the many opportunities that arise from the blockchain revolution.

The course includes events such as fireside chats with Tim Draper himself, blockchain architecture and technical details, integration of blockchain into existing back office models, the regulatory environment, the ICO landscape, and blockchain-focused venture capital. All of these sessions are led by qualified experts in the field.

Final Thoughts

Tim Draper’s success thus far in the blockchain investment and venture capital world has helped build him into one of the most influential figures in the cryptocurrency world from the venture capital space.

You can follow Tim Draper on his Twitter and find out more about the Draper Blockchain Intensive here.

The post Cryptocurrency Industry Spotlight: Tim Draper appeared first on CoinCentral.

Bitcoin News

TheBitcoinNews.com – Bitcoin News source since June 2011 –

Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. TheBitcoinNews.com holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest.

Everything on this website can be seen as Advertisment and most comes from Press Releases, TheBitcoinNews.com is is not responsible for any of the content of or from external sites and feeds. Sponsored posts are always flagged as this, guest posts, guest articles and PRs are most time but NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites.

Advertise with us : Advertise