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This Silicon Valley Legend is Launching a Crypto Venture Studio

September 26, 2023
x min read
This Silicon Valley Legend is Launching a Crypto Venture Studio

Legendary Silicon Valley venture capitalist Tim Draper is launching a new venture studio for crypto.

What’s happening:

  • Tim Draper is launching a new venture studio and accelerator for crypto startups called Draper Goren Blockchain
  • Joined by crypto veterans Alan Goren and David Bleznak the new venture studio will focus on backing early stage projects with between $25K-$100K in seed capital
  • They will also selectively partner with founders to incubate new startups across layer 2 projects, DeFi, gaming and more

Why it matters:

  • Tim Draper has been a notable advocate for Bitcoin and crypto for many years
  • Venture studios and accelerators play a very important role in the crypto ecosystem, especially for launching ambitious startups that don’t yet have meaningful traction to attract larger venture funds and institutional capital

The intrigue:

  • More than a decade ago Tim Draper famously purchased 30,000 Bitcoin from the United States government in an auction for $18M USD
  • That position would be worth approximately $780M USD at current Bitcoin prices


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