Billionaire Tim Draper Launches Crypto Venture Studio to Drive Innovation
Billionaire investor Tim Draper has unveiled a new crypto-centric venture studio called Draper Goren Blockchain (DGB). The studio aims to accelerate “DeFi innovations,” layer-2 network scaling solutions, and consumer apps including gaming and social experiences. Draper, a well-known figure in the blockchain world, has been investing heavily in various crypto ventures for years and has made bold price predictions for Bitcoin.
The Founding Partners
Draper’s founding partners in DGB are Alon Goren and David Bleznak, who are also crypto-natives. Bleznak has previously invested with Draper in their venture Draper Goren Holm and is involved with LunarCrush and Ownera. Meanwhile, Bleznak led DeFi platform Totle and worked at Coinbase. Both partners bring valuable experience to the table.
A Long-Term Approach
In an interview with Decrypt, Goren explained that DGB plans to work with each company for the next 10 years, investing between $25,000 and $100,000 in pre-seed startups. They will also partner with select entrepreneurs to build companies from scratch. However, the regulatory environment in the United States presents challenges for DGB, as Goren described it as a “shitshow.”
Optimism for Mainstream Adoption
Despite the regulatory uncertainties, Goren remains optimistic about the future of crypto. He believes that technology will make regulators obsolete and that mainstream adoption is on the horizon. DGB’s main focus is to bridge the gap between crypto and the masses by improving user experience and acceptance. The accelerator will not follow traditional schedules or cohorts but instead experiment with ideas as they arise.
Hot Take: Draper Goren Blockchain Aims to Drive Crypto Adoption
Tim Draper’s new venture studio, Draper Goren Blockchain, seeks to accelerate innovation in the crypto industry. With a long-term approach and a focus on mainstream adoption, the studio aims to bridge the gap between crypto and the masses. Despite regulatory challenges in the United States, Draper and his partners remain optimistic about the future. They believe that technology will eventually render regulators obsolete. The first set of deals and incubated companies from DGB will be announced soon, signaling an exciting new chapter in the world of crypto.
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