Online Program

Draper University Launches Free Online Bitcoin Course

Bitcoin Course San Mateo, CA – October 6, 2014 - Draper University, the innovative and disruptive school for entrepreneurs in Silicon Valley, has teamed up with ZapChain, a growing network for Bitcoin professionals, to build a free online course on Bitcoin. The course is designed for individuals who are new to the Bitcoin space or do not have a technical understanding of the digital currency. While there are resources available for those with a technical background to learn more about Bitcoin, this course will make the subject accessible to everyone regardless of their prior knowledge.

This new exciting online course brings together a host of entrepreneurs, venture capitalists and engineers from Silicon Valley all operating in the Bitcoin space. With such a wide range of participants, students will be exposed to a plethora of ideas regarding the Bitcoin protocol, its current and potential uses, and its ability to change the world as we know it.

"When I found out that Draper University was making a Bitcoin course, I knew ZapChain needed to get involved. Bitcoin is an amazing technology that can enable innovation in so many areas of the world and I'm very proud of what we have created. I can't wait to see the new products created by people who take the Bitcoin Course," Matt Schlicht, Co-Founder of ZapChain.

Draper University was the first educational institution to accept bitcoin as a form of tuition payment and wanted to create this course as they felt there was a void in educational material making Bitcoin more approachable. The course will help the Bitcoin ecosystem as a whole from the increased exposure and degree of understanding students will receive. The goal of producing this course is to provide a holistic overview of Bitcoin from a predominantly non-technical perspective, and to illustrate its potential to transform the way we interact as a global community in the financial marketplace.

The course launches on October 22, 2014. Interested participants can sign up here to receive more information and get access to exclusive interviews prior to the course launching.


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Online Entrepreneurship Program Offers Special Completion Challenge

San Francisco, CA – August 07, 2014 – Draper University is proud to announce the Draper University Online (DUO) Completion Challenge. Fall 2014 and Winter 2015 students will get 50% of the $850 tuition back if they complete the core curriculum. Draper University Entrepreneurship ProgramThe goal of the DUO Completion Challenge is two-fold. First, Draper University intends to make the online entrepreneurship program more affordable to those who have real commitment to learning about building startups. Secondly, the school hopes to attract more applicants and collect user behavior data to create state-of-the-art online learning experiences for entrepreneurs.

A recent Draper University study has shown interesting findings pertaining to the learning behaviors of online entrepreneurship students at Draper University. Surprisingly, among all three delivery formats, interactive assignments, video lectures and reading, online students are most actively engaged with interactive assignments even though completing an interactive assignment requires much more work than clicking through a video lecture or a reading assignment.

The study is based on user data of the Winter 2014 cohort. On average, the Winter 2014 cohort achieved an average engagement rate of 75%, already well above the industry average engagement rate for online courses. This indicates that on average, a student engaged with 75% of all course content in the core curriculum. Interestingly, the average engagement rate of interactive assignments is 83%, substantially higher than the 74% average engagement rate for reading introductions and the 69% average engagement rate for video lectures.

Similar to other MOOC programs, Draper University Online’s core curriculum exhibits a downward trending engagement rate over the 7-week program. The first module, Vision, has an average engagement rate of 85% and the last module, Brilliance, has an average engagement rate of 68%.

By comparison, the interactive assignments were an exception. The average engagement rate of assignments started with an average engagement rate of 87% in the first module and only decreased slightly to 83% in the last module. Moreover, the interactive assignments consistently outperformed the other two delivery formats in engagement rate in all 7 modules.

Acknowledging the relatively small sample size in the study, the high engagement rate of interactive assignment likely resulted from both Draper University's innovative assignment design and the hands-on nature of its target student group, entrepreneurs, and aspiring entrepreneurs. The program requires students to complete a series of fun but challenging assignments, which instill the most essential skills of entrepreneurship to its online entrepreneurship program students.

Alumni of the online entrepreneurship program appreciate the unique learning experiences. Tony Capasso of Summer 2014 Class donated one full scholarship for a 1st or 2nd generation American to attend the program.


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Draper University Online has one of the Highest Course Completion Rates

San Mateo, CA – June 2, 2014 – After running two sessions of its online entrepreneurship program, Draper University is proud to report a completion rate of 51% - one of the highest among online learning programs and, according to data compiled by an Open University doctoral student, nearly five times the average completion rate for MOOCs. Draper University Online“We’re thrilled with our completion and satisfaction rates, both of which are off the charts,” said Tim Draper, founder of Draper University and founder partner of DFJ. “Online education is here to stay, and our online program gives us the reach to changes the lives of aspiring entrepreneurs around the world.”

Draper University Online has received very positive feedback from past students. “Draper University’s online course goes far beyond what is found in a typical MOOC,” said one student. “It would never be possible to get exposure to such an array of experts in a field in a typical university course.”

Beginning this upcoming session, Mr. Draper will also be guaranteeing an investment offer to at least one student of the online school. The investment offer will be for $5,000 at a $2M valuation, or negotiable.

Running in tandem with Draper University’s residential program in Silicon Valley, the online school curriculum covers business basics and startup strategies by using experiential methods unique to Draper University. The online program includes access to a curated selection of past Draper University lectures and a number of live lectures via Livestream. Online students are given individual assignments and teamwork projects to push their imaginations and limits, and have the opportunity to get feedback from mentors (including Mr. Draper) during live office hours via Google Hangouts. Each session culminates with the opportunity to pitch a panel of investors virtually.

The online school has had a diverse population over its first two sessions: 38% female, ages ranging from 18-83, and 13 countries of origin. The countries with the highest enrollment rates (by descending enrollment) are: the United States, China, Argentina, Mexico, India and Japan.

The next online session begins June 23, 2014. Applicants interested in the online school can apply at: http://draperuniversity.com//apply by June 4, 2014.

My Draper University Online Experience by Megan Lisa Jones

Student Post – October 30, 2013 – When I was five I wanted to be Cinderella. I had the blonde hair and blue eyes so coveted a long dress and glass slippers. I didn’t care about attending a ball because that was past my bedtime – but I wanted to be a princess. When I told people they laughed and patted my head. Then my mom brought home the blue princess dress and slippers. On Halloween I went trick-or-treating around my neighborhood and everyone called me Cinderella. Online Program ExperienceWhat I enjoy and hate both is being asked to push my limits. At 12, I snuck my mom’s Cosmopolitan magazine, curious why I wasn’t allowed to read it. Included was an article on women earning over $100,000. The investment banker, travelling globally and advising on complex deals, caught my attention. I decided to be an investment banker and told a few people. The response was similar to my Cinderella experience. Women don’t become investment bankers, was one comment, which I knew from Cosmo wasn’t true. Years later I became an investment banker. Again, the doubters were wrong. In the online Draper University class we watched a video in which Ron Johnson said you must decide whether you’re a doubter or a believer. Once you stop believing you lose.

Later, I heard Tim Draper speak at a Milken Conference on fixing California’s problems. He addressed changing the world and the difference people not only can make, but must make for our country. I thought, this man understands the world. Seeing him in the lobby later I approached him and we began to talk. He handed me a card, requesting that I forward on ideas for our state. Investment banking is all about meeting impossible requests for people doing the unexpected so I viewed his challenge as just another piece of work, wrote it, sent it and got back to my clients. Tim Draper helped me on a later education focused book.

Meanwhile, I got an email about Draper University a live-in program for ambitious entrepreneurs in San Mateo. It teaches innovation and creating change. I’m too old and busy for the program but was intrigued.   Why not teach starting, daring, dreaming, innovating, creativity and problem solving? Then I got an email about an online program.

Now Tim had my full attention. I could learn how to change the world and be a superhero? Those around me said I didn’t have time and was crazy. Usually when numerous people say so I’m heading in the right direction. The easy stuff everyone supports if only to protect you. Playing it safe lets you live to fight another day. Taking risks is an interesting but dangerous path. I’d already left investment banking to start an education venture. How to juggle everything?

So I applied to Draper Online and got accepted. The program is halfway through now and better than I expected, and I had high expectations.

What I enjoy and hate both is being asked to push my limits. Building a Rube-Goldberg machine and video taping it, writing a poem to Bill Draper and answering a complex question in five sentences. By being challenged we not only grow and expand our capabilities, we also increase our confidence. Creativity and innovation require such a process. I read recently that it’s those who fail the most who succeed at doing great things because by testing so many ways to make something work they finally figure it out.

Having grown up mostly in Silicon Valley I believe that the willingness here, unlike anywhere else I’ve seen, to try seemingly insane things and risk failure makes it so successful.

But at Draper University Online, we don’t just get asked to do frustrating tasks that ultimately create a sense of accomplishment. We also read great books and watch videos of people from Tim’s vast contact base. In the Draper U environment they open up and share beyond the cliches of the speaker circuit. Thus I’ve learned to think differently, dream bigger and turn vision into reality. Coming up we’ll prepare a pitch video to present our business idea to Tim and a panel of VCs.

Excuses exist, and too often people use them because they fear success. Superheroes don’t make excuses. My thanks to Tim and his team for helping me learn to work smarter, make better decisions and set my mind for success and changing the world. I look forward both with eagerness and trepidation for what my coursework next week will bring.

We all need to cultivate a circle of people who see the Cinderella in us. Draper U is a place to build that support structure of those who want you to succeed then make every effort to support your vision and provide the tools necessary for turning it into reality.

~ Guest post by Megan Lisa Jones who is from California and was part of DU's Fall 2013 Online Class.

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.