Timothy Draper: DFJ Capital Founder

Timothy-Draper.png

My Native Admission Statement: I am a hardworker with a mission to spread entrepreneurship and venture capital around the world. Since I have succeeded to some degree. I have a mission to decentralize the world to where borders become meaningless.

Industry opportunities and challenges?:

Yes. Crowdfunding, tokenization, and transparency are changing things. The business is becoming more automated and the money is getting to be more direct to the entrepreneur. I imagine a time when a VC raises money in Bitcoin, they invest in Bitcoin, and the startups pay their employees and suppliers in bitcoin, and the relationship with the LP is through a smart contract. In effect, our business could take place without a lawyer on either side, an accountant, a transfer agent, a custodian, an escrow agent, a bookkeeper, or any of the bureaucracies who regulate all of this.

Career advice to those in your industry?:

Meet 4 new people a day and ask them what they do for a living. You will have a much better understanding of the world, and be far less frustrated when things aren’t working the way you want them to.

Click to Read More: