Interview

Bloomberg Radio: Tim Draper

Bloomberg Radio Interview

Cory Johnson & Carol Massar speak with Venture Capitalist Tim Draper.

[embed]https://soundcloud.com/raperniversity/bloomberg-radio-interview-with-tim-draper-cory-johnson-carol-massar[/embed]

Cory: Wait, before we bring Tim Draper in Carol, do you know where I was July 3rd in the afternoon? Tim Draper Does.

Carol: Tim, do tell. Where was Cory Johnson on the afternoon of July 3rd?

Cory: Yes, I was lecturing at Draper University.

Tim:  Oh of course you were— and you were awesome! They loved you.

Cory: He was asleep at that time… it was really interesting, Tim! Thank you for the invitation to do that. Tell us about Draper University.

Tim: It’s an amazing place. The biggest surprise is that it worked. I started the school 4 years ago to attract entrepreneurs from all over the world who wanted to learn how to really be an entrepreneur, or at least get that wherewithal to become. So we started this school, Draper University of Heroes, and it’s amazing the students its attracted. Cory, I bet you’ve never spoken in a class where they are so dynamic and so dedicated to learning.

Cory: It was interesting, Tim. So I gave a modified version of a speech I’ve given at the Haas School of Business in Berkeley, and at the Knight School of Business at Stanford... both  graduate classes. Both those were very different. But this was very different, too. These people were really engaged in wanting to be entrepreneurs.

I talked a lot about accounting in this lecture which they weren’t especially interested in. They liked the tales of woe and intrigue. But these were people who were trying to take the discussion I had, and put it in their context of wanting to be startup entrepreneurs. Every single one of them.

Tim: Yeah, and that’s the cut. It’s getting harder to get into Draper University but it is a school that has some of the most dynamic, driven, entrepreneurial-minded people in the world. It’s something we’ve trained our admissions office to look for. We’re getting better and better at it. It’s really exciting! We take about 70 students per quarter, so we’ve had about 400 students. They’ve started about 200 companies, come from over 40 countries.

This most recent session is 70 students over 33 countries. The word has really gotten out. It’s a really exciting place to be. It’s only a 6-8 week program. If you’re a true entrepreneur, you don’t want to dedicate 4 years to become educated. You want to do it as quickly as possible and get out there and make your business happen.

Carol: So Tim, this is your Innovate Your State Program at Draper, right?

Tim: No, Innovate Your State is another program. Innovate Your State spun out of some things I saw. What it really is, is a crowd-sourced opportunity. This first one is for Californians to crowd-source and come up with new ideas they want placed on the ballot, or that they want me to fund, or me to donate to. We had 400 submissions, now we’re down to the Sweet 16. That group is really innovative.

They’ve come up with some amazing ideas, some that are Venture Governance. I’ve funded two of them now. One was called “Open Gov”, which was all about transparency in government. Another is called PlaceVote, which allows a Congress Person to put the bills in front of them out to their constituents and have constituents vote on them.

Long term, this could be a situation where the Congressmen gets his $175,000 a year, and his 5 Million Dollar slush fund, and his 50 staffers… but all he has to do is push the button that says which way his population voted on something. So it’s a really interesting and innovative idea.

There are some of the 16 that are quite interesting. They are really targeting getting on the ballot in 2016 or 2018, and we are figuring out if we want to take one and put it on the ballot in California.

Cory: And who is the “We”, Tim?

Tim: I have a team that does this for me, it’s the same team that helped me with trying to get Six Californias on the ballot.

Cory: Which is a whole other fascinating thing we can talk about another time. Your unconventional interest in politics is very interesting to me. I feel like this is the season when political candidates are running up and down Highway 280 asking every VC and CEO and anyone else with a thick wallet for money.

Yet, you’ve taken an approach that is very different saying, “I want much more dramatic change than picking one of the candidates running for one of the two major parties.”

Tim: I’m a believer that we really need strong structural change throughout the entire country, but specifically in California where we’ve gone from 1st to 47th in K-12 Education, and 1st to 50th as the least transparent State in the Union, and we’ve gone from 1st to 50th as the worst state to do business in. Our infrastructure spending has gone from 26% down to 3%.

There are some real problems in California, and the costs are higher, and the value we’re getting as constituents is less. There’s a real need of something structural to change. There have been some great Goveners put in all the way through.

Cory: Tim Draper of DFJ, Venture Capitalist and big thinker, thank you very much. Always a pleasure talking to you.

Tune into Bloomberg Radio Shows by visiting here.

Humans of Hero City

 

Meet the Entrepreneurs of Hero City

A unique co-working space of the Draper Ecosystem. It’s a city with a vibrant culture, an eclectic community of bold people, perspectives, and possibilities.

For those of you that aspire to be extraordinary heroes, we are creating a new entrepreneurial supercharger. Hero City at Draper University is where fun loving meets risk-mastering and big challenges get tackled by innovative play. Meet three of our heroes here:

HOHC #1

Rich Moore, Allison+Partners

What habits and mindsets make you successful?

"I regularly change my routine - join new groups, attend events I've never gone to before, grab lunch in new places - so that I increase the odds of meeting new people and discovering new companies and seeing things that I otherwise wouldn't know about. Brings a lot more serendipity into my work. I also try to remain optimistic and visualize outcomes that I want to achieve. That frequently leads me down new paths."

Get social: @RMoore @AllisonPR

 

HOHC #2Jake Benson, Libra 

What habits and mindsets make you successful?

“Move the needle forward every single day.”

 Get Social: @JakeRyanBenson @Libra_Tax

 

 


HOHC #3Shady Elyaski

What motivates you?

“Being surrounded by brilliant mindsets and always pushing myself out of the comfort zone by consistently learning and trying new things.”

Get social: @ShadyElyaski

 


HOHC#5Mark Ke, Yardbook

"What motivates you?" “Using software to improve business has always been a passion of mine. One thing I noticed over the years is how overwhelmed smaller companies can become with endless paperwork and disorganized systems. As they simply do not have the luxury to pay millions of dollars for a piece of software. It motivates me every day to see thousands of companies using our platform to become more organized, which in turn, helps them grow their business.”

Get social: @Yardbook, Yardbook

 

HOHCNicholas Khabbaz, Hedgesight

“What habits and mindsets make you successful?” “Having a winning perspective, but being humble at the same time; seriously listening to your gut feeling as well as constructive input from colleagues, employees and mentors whether in agreement with you or not.”

Get social: www.hedgesight.com

 

Loopd Lands Additional $1.5M to Power Corporate Events Analytics

Tim Draper, Marc Benioff, and Mesh Ventures provide followup funding to help Loopd expand their team and scale out internationally.

[embed width="123" height="456"]https://www.youtube.com/watch?v=nns54nMHkt8[/embed]

Following its initial seed round last Fall, Loopd has raised a total of $2.6 million from key East Coast, West Coast and international angel and seed fund investors. Leading the current round are Salesforce CEO and founder Marc Benioff; venture capitalist Tim Draper; and Taiwan-based Mesh Ventures.

With its new round of investment, Loopd plans to focus on building a more cost-effective, feature-rich relational analytics system; growing a world-class, high-velocity sales initiative; enhancing its operational capabilities; and exploring new market opportunities.

During the next year, the Loopd team plans to power 20 Fortune 2000 corporate conferences with its wearables-based connected hardware solution and 40 high-quality events with its app-based software solution.

At events, corporate marketers can generate real-time physical (also known as "off-line") analytics from an active network of smart badges and apps. By employing its patent-pending bi-directional hardware and software solutions, Loopd enables attendees to exchange contact information on a face-to-face basis, collect marketing materials instantaneously, and check-in to speaker sessions passively. By tracking this information, corporate marketers can create actionable analytics to drive product development, partnerships, and customer acquisition strategies.

In the future, Loopd's technology could become the leading "off-line" analytics provider beyond events in operationally oriented industries, including health, manufacturing, supply chain and retail. It also could play a central role in humanitarian relief operations in the developing world and in the deployment of military ground troops.

"Loopd bridges the gap between physical and virtual connections, melting the distinctions between 'wearable technology', real-world connections and social networks," said Brian Friedman, CEO and co-founder. "The possible use cases for Loopd are boundless, from helping healthcare workers glean details about patients instantly, to facilitating military ground troop communication, to turning handshakes into information swaps."

Loopd launched at the major interactive tradeshow South by Southwest 2015 by partnering with 13 exhibitors to power the official SXSW scavenger hunt. This demonstrated how to share content, and analyze Loopd's overall event value. More recently Loopd provided analytics, smart badges, and mobile event apps for BoxDev 2015, the annual developer conference for content collaboration, in San Francisco and for Xerocon 2015, a conference for leaders in cloud accounting, in Denver in June.

During the past 12 months, Loopd has built the world's first analytics platform for the real world; complimentary iOS and Android apps; and a smart badge leveraging its proprietary bi-directional beacon protocols. At a series of global startup competitions, Loopd won the 2015 Wearable Tech Product of the Year (Wearable Tech World), was selected as a top 8 finalist for "smart data and enterprise" at SXSW Accelerator, and was selected as a top 4 finalist for "Internet of Things data analytics" at CeBit CODE_N awards.

[Tweet "Emerging leader @loopd bridges the gap between physical and virtual connections at corporate events closed a $1.5 million bridge round."]

About Loopd Inc.

Founded at the Silcon Valley's entrepreneurship academy Draper University of Heroes in September 2013, Loopd Inc. provides physical intelligence to corporate events. We help corporate marketers learn how people interact with each other, with the company, and with the company's products. The Loopd relational analytics solution is the industry's only bi-directional solution that enables the exchange of content and contact information automatically. It also gathers rich analytics data so that marketers have a more sophisticated understanding of their most valuable business relationships. Loopd is headquartered in San Francisco. To learn more, visit www.loopd.com.

To view the original version on PR Newswire, visit: Copyright (C) 2015 PR Newswire. All rights reserved.

Alumni Profile: Brian Friedman of Loopd

Brian Friedman was part of our Summer 2013 class. He has since founded Loopd, a relational analytics company that uses wearable technology to collect data at events. Read our exclusive profile below. Brian Friedman

June 1, 2015 - Brian Friedman attended a formal boarding school in New Hampshire where dress code was enforced with an iron fist and students attended chapel every Monday morning. After his authoritarian experience in high school, he headed to Lehigh University where he studied materials science and engineering as well as product design and was given the opportunity to start the entrepreneurship club. While attending Lehigh, Brian also worked for Red Bull as a Student Brand Manager. In the back of his mind, however, he knew his experiences in high school and college had prepared him for a much different path.

A Successful Mentor Recommends a “Leap of Faith”

“A fellow advisor and mentor recommended that I apply to Draper University,” says Brian. “He is a very successful entrepreneur, and I knew if he told me to go then it would be worth taking the leap of faith. I was right, after all! For the first time I felt that it was possible to dream about anything.”

Most of Brian’s fellow classmates at Lehigh didn’t share his strong drive to start a venture, with the majority going to work as technical sales reps with materials companies in the middle of the US or as lab assistants in dark rooms throughout New Jersey. But Brian believes that his experience at Draper University allowed him to take advantage of his creativity and also meet other like-minded individuals. Brian actually met his two co-founders, Sambhav Galada and Allen Houng, at Draper University, and they all hit it off immediately.

Sambhav Galada is the Head of Product of Loopd. He pursued his M.S. in Electrical Engineering from Texas A&M. Sambhav has implemented and designed an ARM low power chip for wearable technology that enables users to get feedback on their personal fitness analytics.

Allen Houng is the Head of Software of Loopd. Allen graduated with honors in electrical engineering in Taiwan and produced an award-winning gesture-recognition engine via FPGA application. Allen has been featured on TechCrunch and StartUp Weekend Blog for his startup called Drimmit, which he built by himself from the ground up full stack.

During the program Brian learned about new trends that were the bleeding edge in Silicon Valley, including 3D printing, space mining, anti-aging pharmaceutical and blockchain technologies. He also learned that in order to build a scalable business you need to stay focused and conquer one problem at a time.

The idea for Loopd was conceived during a competition at Draper. The night before, Brian had seen a video of the Budweiser Buddy Cup, which gave people the ability to exchange Facebook information by tapping glasses. The next day in BizWorld, a startup contest, his team had to create and sell a wristband concept. Immediately he thought of BuddyBand, which was the initial idea for Loopd, but since then the concept has evolved.

“Our team put in several hours to develop our initial prototype and business model. We are a hard working group and while at Draper University we learned that you need to execute as a team if you want to build a great company,” Brian says.

After Pitch Day (and Some Refinement) Loopd Is Born

Brian and his team were in the top 10 on pitch day, the culmination of the program and what every student works toward while at Draper. While their idea was applauded by many, it was also questioned by the panel of experts, which helped Brian and his co-founders refine their concept for Loopd. Since pitch day they’ve raised $1.2MM from Tim Draper, Marc Benioff, Rick Dalzell and other notable angel investors.

Loopd is a relational analytics platform that measures proximity-based human interactions and engagement for corporate events. Loopd is the industry’s only bi-directional solution that enables attendees to exchange contact information, collect marketing materials and passively check in to speaker sessions. Using physical analytics, marketers are able to have a more sophisticated understanding of their most valuable business relationships and bring clarity to murky ROI measurements. Additional use cases for Loopd are boundless, from helping healthcare workers glean details about patients instantly, to facilitating military ground troop communication, to turning handshakes into information swaps.

In the past 12 months, he and his team have designed and built a complete analytics platform, iOS and Android app and bi-directional beacon. Loopd won Wearable Tech Product of the Year, was selected as a top-eight finalist for smart data and enterprise at SXSW Accelerator and was selected as top 48 finalist at CeBit CODE_N. Since the company’s launch at SXSW, the team has closed its first enterprise deal with Box, and has Accenture, Salesforce and Cisco in the final stages. They have also assembled a great team of 15 amazing people in San Francisco and Taiwan who have skills in machine learning, wireless protocols, big data infrastructure and mobile development.

“Right now we are focused on building the next version of Loopd, which will be more cost effective, powerful and feature rich. Over the next eight months our team plans to power 20 Fortune 2000 Corporate Conferences with our hardware solution and 40 high quality events with our software solution. In the future, our technology will be the leading offline analytics provider for MRO in health, manufacturing, retail and developing nations worldwide. And this is all because of Draper University,” Brian finishes with a big smile.

KeenON: Venture Capitalist and Higher Ed Entrepreneur Tim Draper

December 17, 2014 - Technologist and author Andrew Keen sat down with venture capitalist and higher education entrepreneur Tim Draper to talk about his latest projects. They discussed how Draper University is "turning traditional education on its head" with its innovative entrepreneurship program, and how the next big thing to invest in is Bitcoin. Tim also shares that his biggest mistake was not investing in Google, but it's also the mistake he's most proud of because it has made him a better investor. Read the entire Techonomy article here or watch the interview with Tim Draper below:

Interview with Tim Draper, Founder of DFJ Venture & Draper University of Heroes

November 29, 2014 - Tim Draper has long been involved in the Silicon Valley world of venture capital, and now, he's stepping into a new role: Headmaster of Draper University of Heroes. Tim started this school for "extraordinary individuals who have a little bit of a spark in them." He wants to "ignite that spark...[and] turn them from ordinary citizens into heroes." In this interview, Tim talks about his roles as venture capitalist and head of en entrepreneurship program, including his investment criteria and process, and advice for entrepreneurs. Read the entire Entrepreneurial Insights article here or watch the interview with Tim Draper below:

Tim Draper on Life Outside DFJ

tim draperNovember 17, 2014 - In 2012, Silicon Valley investor Tim Draper announced that he would be skipping a fund at his venture capital firm DFJ to focus on his newest venture: Draper University of Heroes. One year later, Tim Draper looks back at the best and most challenging aspects of the past year, including his other new initiatives to reboot California's government through Six Californias and why he's taking a bet on bitcoin as the next big thing. Read the entire StrictlyVC article here.

Tim Draper Interview with Raj Mathai of NBC News Bay Area

NBC News Tim Draper InterviewJune 1, 2013 – Tim Draper, Draper University's "zany" founder was interviewed last week by Raj Mathai of NBC News. The interview took place at Draper University, Raj and his crew spent a good amount of time hanging out with us and getting to know some of our students. Check out "The Interview with Venture Capitalist Tim Draper" here: http://www.nbcbayarea.com/video/#!/on-air/as-seen-on/The-Interview-With-Venture-Capitalist-Tim-Draper/209751091