Tim Draper – (photo credit Wikimedia)
Timothy Cook Draper is an American venture capital investor, and in 1985, the founder of the firm that would become Draper Fisher Jurvetson. He also founded Draper Associates, the Draper University and the relativity show Meet the Drapers.
Who is Tim Draper?
If you’re not into finance and finance-related topics, you might not know about Tim Draper. As one of the financial world’s most prominent figures, Draper’s success is inspiration for all.
The famed venture capitalist is the founder of Draper Associates and was an early Internet investor.
Building his success and fortune by backing small startups that turned out to be huge companies later on like Tesla, Hotmail and Skype.
The Climb to the Top
In his career as a successful venture capitalist, Draper has raised ten core funds that totalled more than a whopping $10 billion dollars.
Since then extended his financial influence by building the Draper Venture Network with 14 different funds that covers 30 cities across the globe.
Draper created Draper University, a school that’s dedicated to teaching young entrepreneurs.And whenever somebody says I can’t do something, I always think, “How would I, if that were a possibility? - @TimDraper Click To Tweet
The educational program offers interested individuals a crash course in what it takes to become a successful entrepreneur, with its residential program based out of San Mateo, CA.
Draper designed the entire curriculum himself, it’s as if you’re being personally taught by the influential figure.
As one of Harvard’s most outstanding alumni (where he received his MBA), Draper has appeared on the Forbes Midas List and was features in Worth Magazine’s “100 Most Powerful People in Finance.”
In 2015, Draper was honored with the World Entrepreneurship Forum’s “Entrepreneur for the World” award.
The Draper Upbringing
Although he’s been able to carve out a nice niche for himself in the financial world, finance was something in his genes.
He’s the third person in his family to become a venture capitalist, so it was something he was already destined to do.
His father was a venture capitalist, as well as his grandfather, who founded Draper, Gaither and Anderson back in 1958.
But his background wasn’t exactly always about business, graduating from Stanford University in 1980 with a BS degree in electrical engineering.
A year after he graduated from Harvard, Draper left his job at Alex, Brown & Sons to start his own venture capital firm, which was the start of his financial success.
Draper takes finance seriously as he continues to back bitcoin, by saying “It can possibly be bigger than the Internet itself”.
Draper was quoted as saying, “This affects the entire world and it’s going to be affected in a faster and more prevalent way than you ever imagined.”
He’s predicting that the bitcoin will hit $250,000 in the next four years and believes it will be the main currency everyone will be using.
He currently has 30,000 bitcoins that he bought in a 2014 U.S. Marshals Service auction and admits to holding on to all of them, which is believed to be worth about $268 million dollars.
Besides his success in finance, Draper is also the guy behind dividing California into six smaller states, a petition he filed in 2014. His argument is that the state is “increasingly ungovernable” as one entity.
The proposition fell short in and didn’t land on the 2016 ballot because not enough signatures were raised.
However, in April 2018, he announced that he collected more signatures for a new petition to divide the state, but this time only wants to split it into three states.
His success as an entrepreneur is an inspiration to all who are interested in finance and simply looking to become an entrepreneur themselves!
Check out Tim on Meet the Drapers
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