Bitcoin Investor Tim Draper Re-Enters India VC, Praises Modi’s Reforms
Tim Draper, a Bitcoin entrepreneur and investor, has returned to the Indian market, backing startups through Mumbai-based Blume Ventures. The Indian early-stage fund joined the Draper Venture Network, a major startup supporter which now has around $1.6 bln worth of assets and has backed over 200 startups since the 1990s, including Skype and Twitch. Draper told TechCrunch: “When Prime Minister Modi decided to clean up the Rupee it sent a strong message to investors like me that the Indian history of corruption may be coming to an end.” Draper’s tone strikes a decidedly different note to....
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Prominent venture capitalist and prolific tech and bitcoin industry investor Tim Draper is making a return to the Indian market for early stage investing in startups in one of the world’s fastest growing economies. The investment into India’s blossoming technology sector, despite common consensus of it being overvalued to the point of being a ‘tech bubble’, will occur through Mumbai-based Blume Ventures, an early-stage venture firm that now joins Draper’s DVN (Draper Venture Network) as a member, according to TechCrunch. Having existed since the early Silicon Valley boom era during the....
Investor Tim Draper, managing director of VC firm Draper Fisher Jurvetson and the winning bidder in the 27th June auction of roughly 30,000 BTC conducted by the US Marshals Service, held a press conference today where he provided new details about his plans in the bitcoin space. The press conference included introductory remarks from Tim Draper, before opening up to a question-and-answer session led by the investor's son and fellow VC investor Adam Draper and including Vaurum CEO Avish Bhama. Speaking to gathered reporters, Draper painted a picture of how bitcoin is uniting a diverse range....
Digital finance has great potential to improve life for consumers and merchants in India. But the lack of familiarity has impeded digital money’s growth in the country. This lack of awareness exists despite India Prime Minister Narendra Modi’s national mission for financial inclusion. To help improve India’s digital future, the United States Agency for International Development (USAID) conducted a study identifying ways to ensure the success of Modi’s national mission for financial inclusion. The report, “Digital Finance – Beyond Cash,” examines the current behaviors and perceptions of....
Tim Draper, Founder and Managing Director of Draper Fisher Jurvetson, won U. S. Marshals' Bitcoin auction. The Bitcoin auction is estimated to be worth a whopping 18 million USD. Since the news came out earlier today that there was only one winner of the auction, there have been many speculated guesses on who that winner was. Tim Draper was probably not one of the options for the many speculators. Editor's Note: The USMS has sent the won bitcoins to Tim Draper already in this transaction. Let's just say that the US government has never moved ~$19 million worth of anything for such a cheap....
American venture capital investor Tim Draper still believes in a bitcoin price prediction he made in mid-April 2018, at the Draper University blockchain party. At the time, Draper said that he thinks bitcoin could reach $250K by 2022, and during an interview with CNBC’s Jade Scipioni this week, Draper reiterated his six-digit bitcoin price forecast. Tim Draper Envisions Six-Digit Bitcoin Prices by Next Year Tim Draper, the venture capitalist who has his hands in a myriad of blockchain and crypto companies, discussed his bitcoin (BTC) price prediction with CNBC this week. Draper is....