Tim Draper was one of the speakers at the Crypto Invest Summit in Los Angeles on May 1, 2018.
He and Adam Draper spoke about Why Getting in Early Matters.
Tim Draper has described how invests in companies and people that will create a movement. He wants people who can change things and leverage large networking effects.
As with earlier startups it is the team, the people and the details of the projects that matter.
Tim recently has a new prediction that Bitcoin will reach $250,000 by 2022.
In 1985, Draper founded the firm that would become Draper Fisher Jurvetson (DFJ). He also founded Draper Associates and Draper University. In July 2014, Draper received wide coverage for his purchase at a US Marshals Service auction of seized bitcoins from the Silk Road marketplace website. In 2013 he announced his departure from Draper Fisher Jurvetson.
On June 27, 2014, Draper purchased, for an undisclosed price, nearly 30,000 bitcoins which had been seized by the US Marshals service and auctioned to the public. The accumulation of bitcoins was estimated to be worth US$19 million at the time.
On January 27, 2015, Draper wagered about $400,000 (which was 2000 bitcoins with $200 price) that the bitcoin will rebound from a price plunge.
Drapers crypto net worth:is $350 million-$500 million and his personal net worth is over $1 billion.
