Tim Draper

Founder & Managing Partner at Draper Associates · Joined 1985

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Biography

Tim Draper is a fourth-generation venture capitalist - his father Bill Draper and grandfather William H. Draper Jr. were both pioneering Silicon Valley investors - who founded Draper Associates in 1985 after graduating from Stanford with an electrical engineering degree and earning an MBA from Harvard. He grew the firm into Draper Fisher Jurvetson after John Fisher and Steve Jurvetson joined, backing Hotmail (where he pioneered viral marketing), Skype, Baidu, and Tesla, then relaunched the original Draper Associates in 2008 to focus on early-stage and frontier technology. Draper became one of Bitcoin's most visible advocates after purchasing nearly 30,000 bitcoin at a US Marshals auction in 2014, and founded Draper University in 2012, a live-in entrepreneurship bootcamp that has graduated more than 6,000 alumni from 104 countries. The firm now manages roughly $2 billion and has backed more than 60 unicorns since 1985.

Education

Previous Experience

Notable Investments

Tesla TSLABaidu BIDUCoinbase COINHotmailSkypeTwitchSpaceX

Career Timeline

1985
Founds Draper Associates in July, borrowing $6 million from the US Small Business Administration's SBIC program.
1996
Backs Hotmail, coining the term 'viral marketing' through its now-iconic email footer strategy.
1997
The firm becomes known as Draper Fisher Jurvetson (DFJ) after John Fisher and Steve Jurvetson join.
2010
Backs Tesla's Series D through Draper Associates, having already invested via DFJ's Series C in 2006.
2014
Purchases nearly 30,000 bitcoin for roughly $19 million at a US Marshals auction, becoming one of Bitcoin's most prominent public advocates.

Sources & References

Draper.vc - Tim Draper ↗Draper.vc - History ↗