Tim Draper is one of the pioneers of the US venture capital business, the third generation venture capitalist and co-founder of the venture capital firm Draper Fisher Jurvetson (DFJ), which is the world leader in venture capital investment in technology companies at the initial and early stages of development.
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Biography
Tim Draper was born on June 11, 1958. He received a degree in electrical engineering from Stanford University , as well as a master 's degree in business administration from Harvard Business School .
He began his venture capital venture in 1985 when he established the venture capital firm Draper Fisher Jurvetson. Since then, he has been Managing Director of this company. Draper has created a network of subsidiary venture capital funds DFJ , which are located in 26 leading technology centers in the world.
One of Tim Draper’s investments is an investment in Skype , which has developed an innovative technology for telephone communications over the Internet. This technology allows you to call anyone anywhere in the world at a price an order of magnitude lower than regular calls.
Tim Draper made two successful venture capital investments in developers from Russia - Parametric Technology and Coatue. The first was created in 1985 by Professor of Leningrad University S. Heisberg, who emigrated to the USA in 1974 and worked there in the field of CAD / CAM systems development. At the exit from it, Draper was able to get 175-fold income. The second company with a development center in Novosibirsk was successfully sold to AMD .
In recent years, Tim Draper has been actively investing in cryptocurrencies and is one of the largest investors in the Tezos project, which last summer attracted a record at that time $ 232 million in Bitcoin and Ethereum . Since that time, the value of the collected cryptocurrency has grown significantly, but all funds are blocked as a result of an internal conflict in the project team. And several lawsuits have already been filed against the creators of Tezos. Draper's optimism regarding cryptocurrencies was not shaken by this story.
In 2014, he spent more than $ 5 million on initiating a referendum on dividing California into six states, but of the 1.14 million signatures collected, only 750 thousand were recognized as reliable, and the referendum did not take place. In 2018, he set about organizing a new referendum on the division of the state into three - Southern California, California and Northern California. According to Draper, the implementation of his ideas will allow people to pay less taxes, but get a better education and infrastructure [2] .
Family
Tim Draper is married and has four children.
Notes
- ↑ Freebase data upload - Google .
- ↑ Julia Carrie Wong. Split California into three states? Billionaire's eccentric idea will get a vote . The Guardian (13 June 2018). Date of treatment June 14, 2018.