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Tim Draper’s ‘odd’ rules for investing in success

Published 11/23/2021, 09:34 AM
Updated 11/23/2021, 09:40 AM
Tim Draper’s ‘odd’ rules for investing in success
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Its true, Tim Draper has picked losers. He tells me this even before I ask him. The VC legend who backed Hotmail, Tesla (NASDAQ:TSLA), SpaceX, Coinbase (NASDAQ:COIN), Ledger and many other successful companies readily coughs up that he has invested in lemons. Some, he says, have totally gone out of business, but others just didnt give him the money back.

By the same token, there are winners that make us a couple of times on the money and then some that give 1000x the investment, he tells Magazine during a rare in-person appearance at Web Summit in Lisbon, Portugal in early November.

Golden rules

Draper with man’s best friend and Bitcoin swimming trunks. (Source: Instagram)

Enter the dragon

Tim Draper on stage at Web Summit. (Source: Barrage, Twitter (NYSE:TWTR))

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Tim Draper is a popular speaker at crypto conferences worldwide, though more often than not he attends via video.

Generally enthusiastic

Draper University runs a Hero Training program and a survival course to teach start up founders how to endure adversity.

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