Disclosure certainty 4/5 debate potential 1/5

Tim Draper prefers investing in early two-to-three person teams

Tim Draper · 20VC: Tim Draper on Investing In Tesla, The Best Pitch He Has Ever Seen & The Evolution of Venture and Startups · Feb 22, 2016 · at 6:43

Venture capitalist Tim Draper (Draper Associates) discusses his preferred startup investment stage and strategy.

0:00 / 0:13exact quote · 13.2s
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“I like investing when there are two or three people in the company and they have a really good mission. And that can be before they've gotten any revenue or just after.”

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More from Tim Draper

Assertion Not checkable as stated
Tim Draper: Bitcoin is more secure than money at Goldman Sachs
“And Bitcoin now is, you know, my Bitcoin is more secure than money at Wells Fargo or Goldman Sachs.”
Tim Draper Feb 22, 2016 ▶ 17:27 20VC: Tim Draper on Investing In Tesla, The Best Pitch He Has Ever Seen & The Evolution of Venture and Startups
Prediction Not checkable as stated
Tim Draper: Bitcoin and blockchain will disrupt venture capital like Uber
“All of these things, Bitcoin, the blockchain, there are going to be new technologies applied to venture capital just the way file sharing was applied to the music industry, or Uber was applied to the taxi industry. I think venture capital is going to be change…”
Tim Draper Feb 22, 2016 ▶ 5:45 20VC: Tim Draper on Investing In Tesla, The Best Pitch He Has Ever Seen & The Evolution of Venture and Startups
Prediction Not checkable as stated
Tim Draper predicts widespread Bitcoin adoption will occur by 2018
“Yeah, I think the adoption, I thought it would be three years and that was two years ago. It might be another two years because all of these entrepreneurs who have worked very hard to create uses for Bitcoin, those uses are starting to be adopted.”
Tim Draper Feb 22, 2016 ▶ 16:57 20VC: Tim Draper on Investing In Tesla, The Best Pitch He Has Ever Seen & The Evolution of Venture and Startups
Assertion Contradicted
Tim Draper: I created viral marketing by putting messages in Hotmail
“I created the idea to put a message at the bottom of everybody's email at Hotmail.”
Tim Draper Feb 22, 2016 ▶ 19:44 20VC: Tim Draper on Investing In Tesla, The Best Pitch He Has Ever Seen & The Evolution of Venture and Startups
Insight
Tim Draper: Aspiring VCs do not need prior entrepreneurial experience
“Some people are become very good venture capitalists just coming straight. I think if you want to be an entrepreneur, you should just go be an entrepreneur. If you want to be a venture capitalist, you should just go be a venture capitalist.”
Tim Draper Feb 22, 2016 ▶ 3:22 20VC: Tim Draper on Investing In Tesla, The Best Pitch He Has Ever Seen & The Evolution of Venture and Startups
Disclosure
Tim Draper: We funded Tesla before Elon Musk took over
“And it was actually true of Martin Eberhard when we funded Tesla before Elon Musk came in and refund, refinanced it and took it over.”
Tim Draper Feb 22, 2016 ▶ 9:16 20VC: Tim Draper on Investing In Tesla, The Best Pitch He Has Ever Seen & The Evolution of Venture and Startups
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