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Tim Draper

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Tim Draper

Timothy Cook Draper (born June 11, 1958) is an American venture capital investor, and founder of Draper Fisher Jurvetson (DFJ), Draper University, Draper Venture Network, and Draper Associates. Since 2019, he is a partner in Draper Goren Holm. His most prominent investments include Baidu, Hotmail, Skype, Tesla, SpaceX, AngelList, SolarCity, Ring, Twitter, DocuSign, Coinbase, Robinhood, Ancestry.com, Twitch, Cruise Automation, PrettyLitter and Focus Media. In July 2014, Draper received wide coverage for his purchase at a US Marshals Service auction of seized bitcoins from the Silk Road website. Draper is a proponent of bitcoin and decentralization. Draper was one of the first investors in Theranos.

Draper is the third in a familial line of venture capitalists and government officials. He is the son of Phyllis (Culbertson) and William Henry Draper III and the younger brother of actress Polly Draper. His father is the founder of Draper & Johnson Investment Company and former chairman and president of the Export-Import Bank of the United States. His grandfather, William Henry Draper Jr., founded Draper, Gaither and Anderson in 1958 and served as the first ambassador to NATO.

Draper attended Phillips Academy Andover before matriculating to Stanford University, where he graduated with a BS in electrical engineering in 1980. He later earned an MBA from Harvard Business School in 1984.

While at Stanford, Draper interned at Hewlett-Packard as a marketing engineer. Draper made national headlines as a student when he created the campus board game "Stanford - The Game" alongside Heidi Roizen, who was a student at the Stanford Graduate School of Business at the time.

In 1985, Draper left the investment bank Alex. Brown & Sons to start his own venture capital firm. Former colleague John H.N. Fisher became a partner in 1991, and business student Steve Jurvetson became the third partner in the firm in 1994.

Draper invested in Jack Smith and Sabeer Bhatia, who presented him with their company, Hotmail. While numerous publications intimate that he "invented viral marketing" in 1996, this major acclaim was his early support for the founders, due to his idea of automatically attaching a brief advertising message to the bottom of outgoing Hotmail emails. Draper and Jurvetson then coined the term "viral marketing", though the neologism itself is documented as early as a 1989 edition of PC User.

Draper was the first Silicon Valley venture capitalist to invest in China through the global fund DFJ ePlanet.[clarification needed] In 2001, Draper negotiated with CEO Robin Li of Baidu to buy 28% of the company on behalf of ePlanet for US$9 million (~$15.2 million in 2024).

Draper's father, Bill Draper, was an early investor in Skype, and DFJ backed Skype in 2004. The company owned 10% of Skype in 2005 when it was sold to eBay for US$4.1 billion (~$6.31 billion in 2024). Draper and Niklas Zennström appeared in the first Skype video together in 2007 at Stanford University.

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