Latest news with #TimDraper
Yahoo
a day ago
- Business
- Yahoo
Exclusive: Billionaire Tim Draper has a blunt response to Elon Musk's new political party
Exclusive: Billionaire Tim Draper has a blunt response to Elon Musk's new political party originally appeared on TheStreet. Elon Musk's surprise launch of the 'America Party' sent fresh shockwaves through crypto markets. After declaring on X that the movement would "embrace Bitcoin' because 'fiat is hopeless,' Bitcoin spiked to almost $110,000. Venture capitalist Tim Draper says Elon Musk's newly launched America Party could inject long-needed innovation into U.S. politics. 'I love America because people can innovate in every way possible,' Draper told TheStreet Roundtable in a conversation with host Alp Gasimov and Roundtable CEO and founder James he added, was 'frustrated that he couldn't get anything done within Washington' because lawmakers and regulators 'throw up lawyers and judges and whatever in your face every time you try to do something good.' 'I think he's showing that frustration, and I think it's potentially very exciting,' Draper continued. 'Hopefully this administration will be able to do some of the things that he's hoping to do.' Draper argued that the 'pendulum is swinging back to capitalism, and that is a real positive for the world.' Socialism, he said, 'doesn't work, never has, in no place ever.' Citing Sweden as an example, he claimed the Nordic nation's economy 'goes flatline' whenever it leans socialist, only to recover once capitalist policies return. 'At least the world is moving back to capitalism,' Draper said. 'I think Elon's on a mission to shrink the federal government and try to get rid of that debt, and I wish he could.' Pressed on how to reduce the ballooning federal deficit, Draper offered 'a bunch of little ideas,' starting with linking government pay to economic output: 'You tie their bonuses to GDP growth and to how efficiently they have run.'He also urged capping Congress to a fixed pool of money, saying lawmakers should 'vote for shares of that budget rather than just unlimited spending,' and argued that a president should be able to shutter obsolete agencies at will: 'you can actually eliminate the entire department as president, you don't have to go through the courts.' Draper conceded there is 'not a quick solution' but insisted these steps would make 'a huge impact on our government and our debt.' Exclusive: Billionaire Tim Draper has a blunt response to Elon Musk's new political party first appeared on TheStreet on Jul 8, 2025 This story was originally reported by TheStreet on Jul 8, 2025, where it first appeared. Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
Yahoo
27-06-2025
- Business
- Yahoo
Jesse Draper's Halogen Ventures closes $30M Fund III to focus on ‘future of family'
Halogen Ventures closed a $30 million Fund III to invest in early-stage startups building in the 'future of family,' as reported first by Fortune. The firm was founded in 2015 by Jesse Draper, the daughter of famed venture capitalist Tim Draper. She explained to Fortune that the fund will focus on the physical and financial health of households. Startups in the care economy have received more investor interest in the past few years after the pandemic, which exacerbated childcare and elderly care struggles. Other funds that work in this space include Pivotal Ventures and Magnify Ventures. Halogen focuses on consumer companies that have at least one female founder. It has invested in companies such as Teal Health and Vibrant Planet, and last raised a $21 million Fund II in 2021 and a $10.41 million Fund I in 2018, per Pitchbook. Halogen did not immediately respond to our request for comment. Sign in to access your portfolio
TechCrunch
27-06-2025
- Business
- TechCrunch
Jesse Draper's Halogen Ventures closes $30M Fund III to focus on ‘future of family'
In Brief Halogen Ventures closed a $30 million Fund III to invest in early-stage startups building in the 'future of family,' as reported first by Fortune. The firm was founded in 2015 by Jesse Draper, the daughter of famed venture capitalist Tim Draper. She explained to Fortune that the fund will focus on the physical and financial health of households. Startups in the care economy have received more investor interest in the past few years after the pandemic, which exacerbated childcare and elderly care struggles. Other funds that work in this space include Pivotal Ventures and Magnify Ventures. Halogen focuses on consumer companies that have at least one female founder. It has invested in companies such as Teal Health and Vibrant Planet, and last raised a $21 million Fund II in 2021 and a $10.41 million Fund I in 2018, per Pitchbook. Halogen did not immediately respond to our request for comment.
Yahoo
19-06-2025
- Business
- Yahoo
Billionaire Tim Draper issues a blunt warning on tariffs
Billionaire Tim Draper issues a blunt warning on tariffs originally appeared on TheStreet. Billionaire venture capitalist Tim Draper sees a looming danger to global trade in the form of former President Donald Trump's tariff policies. Still, he is packaging this as an opportunity for entrepreneurs to shine. In a June 19 post on X, Draper said he is "excited" about the opportunities that tariffs open up. He stated, "These tariffs create massive entrepreneurial opportunities. We're already seeing 3D printed shoe manufacturing moving back to the US. Companies finding creative routes from China to Indonesia to the US for lower tariff rates." Draper who is an American investor and a supporter of crypto industry, equated today's tariff crisis and tariffs to the time of the 2008 financial crisis, when trust in traditional finance collapsed, paving the way for Bitcoin. Draper wrote, "Now we have a tariff crisis, and entrepreneurs will create tariff alternatives." Draper believes that each disruption, whether financial or geopolitical, creates an opportunity for innovation, and those entrepreneurs who identify the disruption and pivot quickly will create the next defining companies of the decade. Draper describes it as an "exciting time to be in venture capital" and expresses his enthusiasm for seeing fantastic problem-solvers turn problems into business opportunities. According to Forbes, as of June 19, Draper has a net worth of $3.3 billion. He has historically supported frontier technology, with early investments in Tesla, Coinbase, and Bitcoin. Another financial mogul, Robert Kiyosaki, author of Rich Dad Poor Dad, also cautioned about an economic upheaval and is urging investors to prepare. Draper sees tariff-driven disruption as a launching pad for innovation, but Kiyosaki warns of the "biggest crash in history" in 2025. Both emphasize that the traditional systems we have come to rely on—such as formal schooling as a means of achieving employment stability or centralized commerce routes—are unreliable. Billionaire Tim Draper issues a blunt warning on tariffs first appeared on TheStreet on Jun 19, 2025 This story was originally reported by TheStreet on Jun 19, 2025, where it first appeared. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Associated Press
15-06-2025
- Business
- Associated Press
Draper TV Launches Nationally
A New Kind of Broadcast Platform for the New Economy SINGAPORE, SINGAPORE, June 15, 2025 / / -- Draper TV, the revolutionary new media network at the intersection of innovation, investment, and impact, officially launches the week of June 9, 2025. It will deliver daily programming that empowers viewers to understand and participate in the forces shaping our future. Founded by legendary venture capitalist Tim Draper, Draper TV is the world's first broadcast network dedicated to entrepreneurship, exponential technologies, and decentralized finance. The channel will be available across major FAST (Free Ad-Supported TV) platforms, reaching millions of households globally. 'Draper TV is more than just a channel — it's a movement,' said Tim Draper, Founder of Draper TV. 'Our mission is to democratize access to bold ideas, spotlight founders who are changing the world, and help audiences participate in the next generation of wealth creation.' Original Programming Highlights ● Meet The Drapers – Now in its eighth season, the flagship program features live, on-camera founder pitches to investors, audience participation, and a $1M cash prize. ● Can't Be Done Podcast – Join Boost VC's Founder & Managing Director, Adam Draper, to learn about emerging tech from the leading figures in the industry. ● Draper Decentralized – Daily news coverage on the future of money, AI, Web3, and freedom, hosted by Tim Draper's AI-powered Digital Twin, a state-of-the-art generative AI technology that drives 24/7 news and content delivery across formats and languages. ● Talk With Tim – Seasoned investor Tim Draper shares his perspectives and insights on a range of subjects, from AI and Bitcoin to the most pressing global entrepreneurial trends. Other programs include Startup Playbook, We're Training Heroes, Mindset of a Venture Capitalist, Draper University, Startup Sounds, Draper House Community, Business Rockstars, and AI Anchors and Digital Twins Draper TV was developed in partnership with DeFiance Media, powered by a suite of AI content technologies, creating one of the decade's most scalable and intelligent media platforms. In a world saturated with traditional finance and political coverage, Draper TV offers an inspiring alternative — telling the stories of the builders, disruptors, and visionaries, ostensibly Powering the new economy. About Tim Draper Tim Draper is the founder of Draper Associates, DFJ, and the Draper Venture Network, a global network of venture capital funds. He invested in Baidu, Tesla, Skype, SpaceX, Twitch, Hotmail, Focus Media, Robinhood, Athenahealth, Box, Cruise Automation, Carta, Planet, PTC, and 15 other unicorns at the seed stage. Draper is a supporter and champion for entrepreneurs everywhere and is a leading spokesperson for Bitcoin, Blockchain, ICOs, and cryptocurrencies, having won the Bitcoin U.S. Marshall's auction in 2014 invested in over 50 crypto companies, and led investments in Coinbase, Ledger, Tezos, and Bancor, among many others. Media Inquiries and Partnerships Richard Laermer RLM PR [email protected] Mansoor Madhavji Blockchain Founders Fund +1 778-241-7860 email us here Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
