PLEDGE NOW
Tim Draper On Silicon Valley And Entrepreneurship

We check in on Silicon Valley and the way ahead with heavyweight venture capitalist and tech visionary Tim Draper.

Draper University students at Google HQ (Draper University).

Draper University students at Google HQ (Draper University).

It’s been a rough decade for venture capital.  In the 1990s, venture capitalists – “VCs” – were masters of the universe, racking up huge returns fueling and riding the Internet boom.  Since then, not so good.  In fact, overall, not good at all for the venture investors who come in early looking for a huge payout with the next Google or Facebook.

Silicon Valley has been the heartland of high-profile venture capital.  And venture capitalist Tim Draper has been at the heart of that high-flying world.  He’s with us.

This hour, On Point:  American venture capital and innovation, with Silicon Valley heavyweight Tim Draper.

– Tom Ashbrook

Guest

Tim Draper

Tim Draper

Timothy Draper, founder of the global venture capital firm Draper Fisher Jurvetson. Founder of Draper University of Heroes, a boarding school for young entrepreneurs. (@timdraper)

From Tom’s Reading List

San Francisco Chronicle: Tim Draper’s boarding school for entrepreneurial heroes in San Mateo — “Venture capitalist Tim Draper is turning the landmark Benjamin Franklin hotel in downtown San Mateo — which had sat mostly vacant since United Airlines stopped housing flight crews there around 2002 — into a short-term boarding school for wannabe entrepreneurs. Draper, co-founder of the prominent Menlo Park VC firm Draper Fisher Jurvetson, says he got ideas for his Draper University of Heroes from Andover (the prep school he attended before Stanford and Harvard Business School), Harry Potter’s Hogwarts, Singularity University at Moffett Field and, most importantly, his own life.”

CNNMoney: The quiet successes that drive Silicon Valley — “Yes, Silicon Valley has its share of high profile ‘tech celebrities,’ and wealth and attention can be generated in Silicon Valley perhaps faster than anywhere other than New York (wealth) or LA (attention). But every day, great entrepreneurs are building amazing companies you don’t hear about.”

Wired: The Screams of Crushed Startups Echo Across Silicon Valley — “A reckoning is sweeping through Silicon Valley, and the cries of pain have grown too loud to ignore. Many startups fattened by plum valuations and hefty bankrolls in their infancy are finding nowhere to turn when the money runs out, according to various Silicon Valley venture capital firms. These startups have no choice but to swallow their pride and reverse their sunny financial projections.”

 

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
May 27, 2016
Riot police block off the Albuquerque Convention Center to anti-Trump protests following a rally and speech by Republican presidential candidate Donald Trump at the convention center where the event was held, in Albuquerque, N.M., Tuesday, May 24, 2016. (AP Photo/Brennan Linsley)

Obama at Hiroshima. Turmoil at Trump rallies. Clinton’s emails, heating up. Sanders predicts a “messy” convention. Our weekly news roundtable goes behind the headlines.

May 27, 2016
In this Oct. 27, 2015, photo,  Big Muddy Farms, an urban farm in northern Omaha, Neb. is seen amongst residential homes. (AP Photo/Nati Harnik)

Just in time for Memorial Day weekend, we’ve got top gardeners spilling the beans on how to grow everything.

RECENT
SHOWS
May 26, 2016
This March 16, 2015 photo shows portraits of now-retired U.S. Army Sgt. 1st Class Marshall Powell, right, and his wife, Arasi, at their home in Crescent, Okla. Powell suffers from a psychological wound called "moral injury" after serving as an Army nurse in Iraq and Afghanistan. Arasi, also a soldier who served in Iraq, had received treatment for PTSD. (AP Photo/Brennan Linsley)

In advance of Memorial Day, we’ll talk with Sebastian Junger about vets coming home and missing their “Tribe.” Plus, a WWII veteran remembers life on and off and the battlefield.

 
May 26, 2016
This Jan. 26, 2016 file photo shows a "For Sale" sign hanging in front of an existing home in Atlanta.  Short of savings and burdened by debt, America's millennials are struggling to afford their first homes in the face of sharply higher prices in many of the most desirable cities. (AP Photo/John Bazemore, File)

No more ’empty nest’. A third of millennials now live at home with their parents. We’ll look at what’s still pushing that trend.

On Point Blog
On Point Blog
In The Garden, Mother Nature Makes The Rules
Friday, May 27, 2016

Executive producer Karen Shiffman explains why she turns to her garden for food, friends and natrual comfort.

More »
Comment
 
WWII Vet Larry Kirby Reflects On American Values
Thursday, May 26, 2016

Looking ahead to Memorial Day, a World War II veteran looks back at the experiences that mattered to him, both in and out of war.

More »
Comment
 
Gloria Steinem Explains Her ‘Bernie Boys’ Comment
Tuesday, May 24, 2016

Feminist activist Gloria Steinem explains why her apparent diss of female supporters of Sen. Bernie Sanders was anything but.

More »
Comment