Hero City

Welcome to Hero City, land of opportunity — and heroic levels of hype

hero cityMarch 5, 2015 - Located directly across from Draper University on 3rd Avenue in downtown San Mateo is Hero City - a large co-working space that is home to roughly 50 startups. Membership to Hero City includes access to conference rooms, meeting space, kitchen and lounge area, mentors, and exclusive events. In addition to the co-working space on the main floor, the bitcoin accelerator Boost VC is located downstairs, along with a large auditorium that is used to host events and conferences. The upstairs floor holds offices for Draper VC funds and desk space for angel investors, dubbed "Angel Landing." Hero City and Draper University are both part of VC Tim Draper's larger Draper Ecosystem where all the pieces - entrepreneurs, startups, angel investors, and VCs - come together as one:

"VCx brings in billionaires (mostly from abroad) who have cash and want to diversify into tech, so they supply the capital. Draper University brings in the talent. Hero City supplies a workspace for the fledgling companies. The executive education program fosters connections with companies that can become valuable partners for the startups. The VCs upstairs invest the capital in the most promising of those companies. And when they grow big enough, these companies migrate to nearby office spaces."

Read the entire Venture Beat article by Dylan Tweney on Hero City here.

Tim Draper expands Draper University with addition of Draper Ecosystem

Tim DraperJanuary 30, 2015 - Big changes are happening at Draper University! Andrew Tang, former managing director at ABB Technology Ventures and current managing director of the Draper Dragon Fund, is stepping in as the new CEO of Draper University. In his new role, Andy Tang and Tim Draper are expanding the scope of DU to include the entire Draper Ecosystem, which is composed of four components:

  • Draper University: A seven-week program that runs four times a year, aimed at teaching students “the fundamentals of launching a startup.” Tuition is $9,500, although the company offers scholarships.
  • Hero City: An incubator that includes a co-working space and storefront, directly across the street from Draper University. VC funds are also located in this space.
  • VCx: A one-week, invite-only program aimed at teaching high net worth individuals “how to invest in early stage companies.”
  • Executive Education: A one-week program educating executives on “the fundamentals of new ventures as a way to push innovation inside corporations.”

Read about all the changes happening in the Draper Ecosystem in this Venture Beat article.

Draper University is First Educational Institution to Accept Tuition in Bitcoin

BitcoinSan Mateo, CA – June 11, 2013 – Draper University, a cutting edge boarding school for young entrepreneurs from all over the world, received its first tuition payment in Bitcoin for its summer session which starts June 24. Draper University, known for its innovative approach to education, accepts various forms of tuition payments including bartering for services, and now will also accept Bitcoin for tuition payments.

What is Bitcoin?

Bitcoin is the first decentralized electronic currency not controlled by a single organization or government. It’s a virtual form of currency that can be used to make payments over the Internet without transaction fees or involving a financial institution. It is used by people all over the world who are trading hundreds of thousands of dollars worth of Bitcoin every day with no middle man and no credit card companies.

“Some of the most forward looking entrepreneurs are active Bitcoin traders. At Draper University of Heroes, we accept Bitcoin payment of tuition because it is a promising currency with appreciating value. For the time being, we still accept dollars too” said Tim Draper, founder and managing director at Draper Fisher Jurvetson and founder of Draper University.

the bitcoin courseInnovation at Draper University

Accepting Bitcoin is just another illustration of how Draper University is following the same innovative model it teaches. Students are taught to think differently and disrupt the standard and accepted ways of practicing business. Bitcoin currency is a great example of new technology being used to disrupt the standard approach to currency and payment systems. Other ways students have bartered for tuition include NFL training by a former NFL player and placement of the Draper University logo on a racecar by a female racecar driver.

The university, located in downtown San Mateo, offers an innovative program designed to inspire, cultivate, and educate students who dream to build companies that change the world around them. Draper University offers four sessions a year and is intended for young entrepreneurs between the ages of 18 to 26.

Hero-City

Hero City Co-Working Space

Further attracting entrepreneurs and promoting their success, the Draper University campus includes Hero City a three-story entrepreneurial center across the street (anticipated open Fall 2013). Hero City, a co-working space open to Draper University students and non-affiliated entrepreneurs, startups and incubators, promotes innovation, collaboration and community with its peer-to-peer work environment. Hero City will also offer pop-up retail spaces that can be rented on a short-term basis, and a theater/speakers forum for events. Hero City will also accept Bitcoin for payment.

These two entities combined create a powerful entrepreneurial ecosystem to serve the innovators and disrupters of the next generation of startups.