Interview With Tim Draper
"Draper, a third-generation venture capitalist and managing partner of Draper Fisher Jurvetson in Menlo Park, Calif., is renowned for his ability to look at the big picture and pick a winner.
He was an early backer of Hotmail and suggested the use of viral marketing via the Web to spread an Internet product. He has set up an international network of Draper affiliates to tap promising startups worldwide. And he is such an ardent supporter of entrepreneurs that he wrote a rock song celebrating their exploits, then had a widely known singer put it to music (more on that later) and sent 5,000 copies to clients for Christmas. On the CD's cover is a photo of Draper, dressed in safari clothes and sitting astride an elephant."
"There has been an increase in venture funding to later-stage companies. How do seed and early-stage companies compete for funds?
It is a free market. There is usually money if there is a great entrepreneur with a strong vision and a solid model going into a large market. The early companies often need to refine their business models if they want seed funding.
What can be done to encourage entrepreneurship?
Good technical education. Good business schools, and get the two to talk to each other. Business plan competitions are great for the community."
Read more here.
He was an early backer of Hotmail and suggested the use of viral marketing via the Web to spread an Internet product. He has set up an international network of Draper affiliates to tap promising startups worldwide. And he is such an ardent supporter of entrepreneurs that he wrote a rock song celebrating their exploits, then had a widely known singer put it to music (more on that later) and sent 5,000 copies to clients for Christmas. On the CD's cover is a photo of Draper, dressed in safari clothes and sitting astride an elephant."
"There has been an increase in venture funding to later-stage companies. How do seed and early-stage companies compete for funds?
It is a free market. There is usually money if there is a great entrepreneur with a strong vision and a solid model going into a large market. The early companies often need to refine their business models if they want seed funding.
What can be done to encourage entrepreneurship?
Good technical education. Good business schools, and get the two to talk to each other. Business plan competitions are great for the community."
Read more here.
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For more information, visit www.EvanCarmichael.com. |
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