Timothy C. Draper
|Born||Timothy Cook Draper
June 11, 1958
San Francisco, California, U.S.
|Alma mater||Harvard University
|Occupation||Founder and Managing Director, Draper Fisher Jurvetson (DFJ)|
|Spouse(s)||Melissa Parker Draper (Melissa Lee Parker)|
|Children||Billy Draper, Adam Draper, Eleanor Draper, and Jesse Draper|
|Parents||William Henry Draper III and Phyllis Draper|
|Relatives||Polly Draper (Sister)|
|Profile at Draper Fisher Jurvetson|
Timothy Cook "Tim" Draper (born June 11, 1958) is an American venture capital investor, and 1985 founder of the firm which would become Draper Fisher Jurvetson (DFJ). 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.
Background and early life
He is the third in a line of venture capitalists. His father, William Henry Draper III, founded the Draper & Johnson Investment Company in 1962 and was 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.
In 1985, Draper left the bank Alex, Brown & Sons to start his own venture capital firm; former officemate Jon Fisher became a partner in 1991, and business student Steve Jurvetson became the third partner in the firm.
Although the history of the term is not fully clear, it is commonly argued that Draper and Jurvetson "invented viral marketing" in 1996, due to their idea of automatically attaching a brief advertising message to the bottom of outgoing Hotmail emails, though the neologism itself is documented as early as a 1989 edition of PC User.
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 has been valued at US$19 million.
In 2000, Draper spent $20 million on a failed measure to support school vouchers.
In early 2014, Draper filed a petition which was accepted by California's Secretary of State Debra Bowen to begin collecting signatures to divide California into six smaller states, arguing that California is "increasingly ungovernable" as one state. On July 15, 2014 backers announced that enough signatures had been collected to place the measure on the 2016 ballot. Some critics have suggested that the proposed initiative is 'a means of getting more Republican representation in California.'
In 2013, Draper launched Draper University of Heroes, an educational program that offers a crash course in entrepreneurship. The university's residential program is based in San Mateo, California, and the curriculum is designed by Draper.
- Entrepreneurs page, Harvard Business School website, accessed April 16, 2014'.
- Melissa Lee Parker Becomes the Bride Of Timothy Cook Draper in California, New York Times, August 15, 1982.
- Deborah Perry Piscione (April 2, 2013). Secrets of Silicon Valley: What Everyone Else Can Learn from the Innovation Capital of the World. Palgrave Macmillan. pp. 129–. ISBN 978-1-137-32421-4.
- Helen Powell; Jonathan Hardy; Sarah Hawkin; Iain MacRury (September 13, 2013). Advertising Handbook. Routledge. pp. 119–. ISBN 978-1-134-71892-4.
- Justin Kirby; Paul Marsden (June 7, 2007). Connected Marketing. Routledge. pp. 89–. ISBN 978-1-136-41564-7.
- Bruce J. Schulman (2014). Making the American Century: Essays on the Political Culture of Twentieth Century America. Oxford University Press. pp. 166–. ISBN 978-0-19-984541-5.
- Ori Brafman; Rod A. Beckstrom (2006). The Starfish and the Spider: The Unstoppable Power of Leaderless Organizations. Penguin. pp. 176–. ISBN 978-1-59184-143-2.
- Ember, Sydney (July 2, 2014). "Venture Capitalist Tim Draper Wins Bitcoin Auction". New York Times. Retrieved July 2, 2014.
- Carla Marinucci. July 15, 2014 . Six Californias measure heading for 2016 ballot, backers say. SFGate. Retrieved: July 15, 2014.
- Kayle Fields, Petition to Split California Into Six States Gets Green Light, ABC News, February 19, 2014.
- Kinney, Aaron (April 17, 2013). "San Mateo: Draper University welcomes first class of entrepreneurial 'superheroes'". San Jose Mercury News. Retrieved July 2, 2014.