Tim Draper is a venture capitalist and entrepreneur, best known for his investments in technology startups and for his wealth. He was born on June 11, 1958, in California, United States. Draper grew up in a family of venture capitalists, with his father and grandfather both being successful investors.
After completing his education at Stanford University and Harvard Business School, Draper worked for a few years in marketing and advertising. In 1985, he founded his own venture capital firm, Draper Associates, which specialized in early-stage investments in technology startups.
Over the years, Draper has made several high-profile investments in companies such as Hotmail, Skype, Tesla, and SpaceX. He has also been a vocal advocate of Bitcoin and other cryptocurrencies, having invested in several blockchain startups.
According to Forbes, Tim Draper’s net worth is estimated to be around $1.5 billion. He has also been involved in philanthropic activities, founding the Draper Richards Kaplan Foundation, which supports social entrepreneurs.
Despite his success, Draper has also faced controversy. In 2014, he purchased nearly 30,000 bitcoins at an auction held by the U.S. Marshals Service, and later claimed that he was the winner of an additional 30,000 bitcoins that were stolen from the now-defunct Silk Road marketplace. Some have criticized his involvement in cryptocurrencies, while others have questioned the legitimacy of his claims.
Overall, Tim Draper’s career as a venture capitalist has been marked by both successes and controversies. Regardless of these ups and downs, he remains a prominent figure in the world of technology and finance, and his investments continue to shape the industry.
Here’s a timeline of Tim Draper’s life and career:
- 1958: Tim Draper is born on June 11 in California, United States.
- 1985: Draper founds his own venture capital firm, Draper Associates, which specializes in early-stage investments in technology startups.
- 1996: Draper invests in Hotmail, an early web-based email service that becomes a huge success and is eventually acquired by Microsoft.
- 2003: Draper invests in Skype, a voice-over-IP service that revolutionizes telecommunications and is eventually acquired by eBay.
- 2008: Draper invests in Tesla, an electric car company that goes on to become one of the most valuable car manufacturers in the world.
- 2012: Draper invests in SpaceX, a private space exploration company founded by Elon Musk.
- 2014: Draper purchases nearly 30,000 bitcoins at an auction held by the U.S. Marshals Service, and later claims to have won an additional 30,000 bitcoins that were stolen from the Silk Road marketplace.
- 2015: Draper funds a project to divide California into six separate states, which ultimately fails to qualify for the ballot.
- 2016: Draper launches a startup school, Draper University, to provide education and mentorship to young entrepreneurs.
- 2018: Draper invests in multiple blockchain and cryptocurrency startups, and becomes a vocal advocate of the technology.
- 2020: Draper participates in a seed funding round for OpenNode, a Bitcoin payment processor for businesses.
- 2021: Draper’s net worth is estimated to be around $1.5 billion, and he continues to invest in early-stage startups and support social entrepreneurs through the Draper Richards Kaplan Foundation.
Here are five interesting facts about Tim Draper and five of his notable quotes:
Five Interesting Facts:
- Tim Draper is a third-generation venture capitalist, with his father and grandfather also being successful investors.
- He was an early investor in Baidu, the Chinese search engine, and has been involved in several other successful investments in Asia.
- Draper’s proposal to divide California into six separate states was inspired by his belief that the state is too large and unwieldy to govern effectively.
- He founded BizWorld, a nonprofit organization that teaches entrepreneurship and business skills to elementary school students.
- Draper has a collection of over 600 different types of masks from around the world.
Five Notable Quotes:
- “I believe that entrepreneurs are the lifeblood of our economy. They create jobs, solve problems, and make our lives better.”
- “The internet is the greatest gift to democracy since the printing press.”
- “The best ideas often come from people who are told they can’t do something.”
- “You don’t have to be a genius to be successful in business. You just have to be persistent and work hard.”
- “Bitcoin is a global currency that allows people to transact with each other without the need for intermediaries. It’s like the internet for money.”