
Timothy C. Draper’s total assets amount to
$1 Billion
Timothy C. Draper Wiki Biography
Timothy Cook Draper, born on the 11th June 1958, is an American businessman who became a well-known venture capital investor as the co-founder of Draper Fisher Jurvetson.
As of mid-2016, his wealth is reported to be $1 billion, amassed from his years as a venture capital investor.
Achieving $1 Billion Net Worth
Born in California, Draper hails from a lineage of businessmen. His father, William Henry Draper III, is the founder of Draper & Johnson Investment Company, and his grandfather, William Henry Draper Jr., founded Draper, Gaiter and Anderson. It is no surprise that he followed suit. Although he pursued electrical engineering in his undergraduate studies at Stanford University, he later pursued an MBA through Harvard Business School.
Draper commenced his career at Alex, Brown & Sons; however, he did not stay long and chose to launch his own company. In 1985, along with friends John H.N. Fisher and Steve Jurvetson, he established the venture capital firm Draper Fisher Jurvetson. The firm invests in various early-stage enterprises and start-up companies, supporting them until they attain stability. Some of the reputable companies that Draper Fisher Jurvetson has invested in include Tesla, Solar City, Skype, AngelList, Redfin, and Box. The success of these companies has significantly contributed to Draper’s wealth.
Draper also founded his own venture capital firm, Draper Associates, in 1985. It is a seed-stage venture capital firm that focuses on businesses in the fields of consumer technology, financial technology, healthcare, education, government tech, and manufacturing. Despite being solely owned by Draper, it has flourished, elevating his wealth along with his investments.
Draper is acknowledged as the creator of the term ‘viral marketing’ in 1996. He and his partner Jurvetson are also credited with conceptualizing the idea of attaching a brief advertisement at the end of an email, which led to the success of Hotmail and Yahoo mail.
In 2012, Draper established his business school, Draper University, located in San Mateo, California. The institution provides education designed by Draper to aid aspiring entrepreneurs.
In recent years, Draper made headlines by purchasing a large amount of bitcoins. In 2014, he invested in 30,000 bitcoins, believing that it would become the top value for investors.
That same year, he also advocated for California to be divided into six smaller states due to his belief that governing California as a whole had become challenging. Unfortunately, he failed to gather the required signatures for the petition to proceed.
In terms of his personal life, Draper is married to Melissa and together they have four children.
Full Name | Timothy C. Draper |
Net Worth | $1 Billion |
Date Of Birth | June 11, 1958 |
Place Of Birth | San Francisco, California, U.S. |
Profession | Businessman, venture capital investor |
Education | Stanford University, Harvard Business School |
Nationality | American |
Spouse | Melissa Draper |
Children | Jesse Draper, Eleanor Draper, Billy Draper, Adam Draper |
Parents | William Henry Draper III, Phyllis Culbertson |
Siblings | Polly Draper, Becky Draper |
https://www.facebook.com/tim.draper | |
https://twitter.com/timdraper?lang=en | |
https://www.linkedin.com/in/timothydraper | |
IMDB | http://imdb.com/name/nm1822137 |
Movies | Sidekicks, 10. Fund Me, 9. Prototypes, Partners & Pitches, 8. Motivation |
# | Fact |
---|---|
1 | Venture capitalist. |
2 | Uncle of Nat Wolff and Alex Wolff. |
3 | Brother-in-law of Michael Wolff. |
4 | Father of daughter Jesse Draper and sons Billy Draper and Adam Draper. |
5 | Brother of Polly Draper. |
Producer
Title | Year | Status | Character |
---|---|---|---|
Startup U | 2015 | TV Series executive producer – 1 episode | |
The Naked Brothers Band | 2007-2009 | TV Series consulting producer – 29 episodes | |
The Naked Brothers Band: The Movie | 2005 | executive producer |
Actor
Title | Year | Status | Character |
---|---|---|---|
The Naked Brothers Band | 2007-2009 | TV Series | Principal Schmoke / Principle Schmoke |
The Naked Brothers Band: The Movie | 2005 | Principal Schmoke |
Self
Title | Year | Status | Character |
---|---|---|---|
Startup U | 2015 | TV Series | Himself |
Andaaz | 2014 | TV Series | Himself / guest |
The Startup Kids | 2012 | Documentary | Himself |
Computer Chronicles | 1998 | TV Series | Himself – Technology Venture Capitalist |
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