Tim Draper

DU Alum Plans to Shake Up the NYC Housing Market with HomeSwipe

May 26, 2015 -- Michael Lisovetsky, member of our 2014 summer class, was featured in Business Insider and ED News Daily this week for a startup idea that's set to rock the NYC housing market. Michael is co-founder of the app, HomeSwipe, dubbed "Tinder for apartment hunting." The app uses the swipe interface popularized by Tinder to connect house-hunters with realtors. Users can swipe through New York apartment listings based on their preferences and chat directly with realtors if they're interested in a property. Michael, 22, attended Draper University while studying business at NYU. At DU, Michael was introduced to a flurry of "Tinder for X" ideas, but he wasn't fully sold on the utility of the swipe platform. He asked friend-turned-business partner, Dean Soukeras, what the swipe model could facilitate besides dating. Soukeras, a seasoned NYC entrepreneur, promptly suggested "real-estate," and HomeSwipe was born.

Michael and Soukeras sought a tech whiz to build the app and sent out a blast on Facebook. They struck gold with a response from Jason Marmon, a talented teen coder who would eventually drop out of high school to focus on HomeSwipe full time. Once the partnership was formed, they needed seed financing. Naturally, Michael reached out to Tim Draper, who was so impressed with the HomeSwipe prototype he agreed to invest.

Michael (left) and Jason (right)

Tim urged Michael and his co-founders to raise their seed round to $500,000. They started strong, but plateaued at $400,000. The HomeSwipe team returned to Tim, who set them up with an introduction to Marc Benioff. This was the final push they needed. Benioff's interest was piqued, and he agreed to bump up their funding to the requisite amount.

Soukeras worked with New York City realtors to build a customer base for the app. In effect, it will charge realtors a small transaction fee to chat with interested parties. The app will begin exclusively in New York, but the team has plans to expand to Chicago. With the apartment hunting process in Manhattan and the surrounding boroughs notoriously difficult, there is already a huge demand for the app. Since it's gone live, HomeSwipe represents 85% of available NYC real estate, boasts 47,000 downloads, and is supported by 2,200 real estate agents.

Michael credits his success to DU. Not only was he granted the networking opportunities that got HomeSwipe off the ground, but also the team building skills that come with experiential learning. He told ED News Daily, "The $150k+ price tag on my education could’ve been funneled a lot more effectively towards practical learning, and Draper U is an excellent example of that. I learned more about myself and the world in the seven weeks at Draper U than the four years of university I drudged through.”

Michael is a great example of a student who took full advantage of DU's resources to launch a meaningful venture. The HomeSwipe team will hit Sand Hill Road this week to secure more investors, and with all the app's promise, success seems inevitable. Read more on these accomplished young founders, and the full story of HomeSwipe's evolution at  Business Insider.

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's Winter 2015 Class Kicks Off with a Bang

January 26, 2015 - Draper University's 8th residential program kicks off today with 36 new Heroes-in-Training. Student entrepreneurs come from all corners of the globe, including Argentina, Brazil, Chile, China, Colombia, Estonia, Ethiopia, Jamaica, Russia, Thailand, and Ukraine. Students will get access to some of the brightest minds and inspirational speakers in Silicon Valley, and the week one is no exception. Check out the line up below of amazing thinkers, innovators, investors, and entrepreneurs who will be speaking to DU Winter 2015 this week.

Winter 2015 Week 1

Ready to start your entrepreneurial journey? We're now accepting applications for our Spring 2015 class. Visit our website to submit your application by the final deadline: February 20.

10 Tips from Inspiring Speakers at Draper University

Student Post – January 6, 2015 – Culled from the 2014 Summer class draper-selfie1. “Want to be a billionaire? Do this: solve a billion dollar problem OR solve a billion people’s problem.” — Naveen Jain

2. “After your first 12 years, you become a know-it-all. It’s simply the nature of intelligent beings. Now, we’re all tasked with re-gaining the template of being open or facing impending stagnation.” — Dr. Joon Yun

3. “You’re always better off renting; software, office, staff, etc. ” —  Joel Yarmon

4. “There’s honestly no better customer in the world than the desperate mom. That’s why I love direct-to-consumer marketing in the education industry.” — Dave McClure

5. “Once you get OPM (other-people’s-money), you officially have a boss. Entrepreneurs have bosses too. ” — Trip Hawkins

6. “Experts will either tell you why it can’t be done or give you an incrementally better idea. So, if you have a brilliantly disruptive idea, never go to an expert.” — Naveen Jain

7. “All technologies are combinations of technologies that already exist. Nothing is truly new.” — Steve Jurvetson

8. “It’s okay to say ‘no’ to unreasonable people. Protecting your network and reputation is paramount.” — Heidi Roizen

9. “When the going gets tough. Grab a partner. And MOSH.” — Chocolate Heads Movement Band

10. “It’s an incredible sight to watch when the unstoppable force meets the immovable object.” — Tim Draper

Interested in an opportunity of a lifetime? Apply today: http://draperuniversity.com//apply/.

~ Guest post by Adé O. who is from Maryland and was part of DU’s Summer 2014 Class.

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:

Draper University & Ugly Brother Studios now casting for TV Show - Apply Now!

Draper University is proud to announce we are now casting for our upcoming TV show. We've partnered with Ugly Brother Studios for a TV show that will follow selected students as they build and launch their startup in Silicon Valley. Together, we are seeking young entrepreneurs with brilliant business ideas who would like to enter the Spring Residential Program and be featured on the series! Selected students will be followed as they enter the hands-on curriculum of the Draper University program and apply their new knowledge, network and skills to their startup businesses.

Hear what Tim Draper, Founder of Draper University has to say about the show:

Draper University alumni have started more than 60 companies, raising over $7.4 million in capital. Some left to join other start-ups or large companies including Tesla and Google.

To be considered, please send the following information to: casting@draperuniversity.com Name: Age: Contact Information: Brief Bio: Tell us why you would be a great candidate & Please attach a current photo of yourself

Eight Promising Student-Founded Startups to Pitch to Tim Draper at YouNoodle Live

We’ve partnered with YouNoodle, a global startup competition platform and network of over 50,000 startups, and their virtual demo day series, YouNoodle Live, to bring you YouNoodle Live With Tim Draper on Tuesday December 9th at 9AM (PST). The event will shine the spotlight on eight of the most promising student entrepreneurs from around the world as they pitch for Tim Draper’s feedback and global exposure. As an active advocate for entrepreneurs around the world, Tim is excited to be part of YouNoodle Live. “We are constantly recruiting young founders for Draper University and are proud to have one of the best networks for innovators looking to launch their ideas into the marketplace,” said Tim. “This is a great opportunity for us to see what is out there in terms of new and unique ideas.”

Pitching students belong to YouNoodle 1K – the top 1,000 entrepreneurs and ideas selected from over 28,000 startups coming through more than 400 YouNoodle-driven startup competitions worldwide in the past 12 months. And, with only the highest standard of applicants presenting, you will be sure to catch some pretty inspiring pitches!

Draper University is proud to support YouNoodle’s mission to level the global playing field for startups so that they may access opportunities no matter where they are located. The virtual and cost-free nature of YouNoodle Live does just that. See the pitch-off go down by registering free at www.younoodle.com/live

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:

Draper University in the Taiwanese Media!

November 26, 2014 – Check out this great piece on Draper University out of Taiwan - personal interviews with DU alumni Hua Zhao and Ryan Moon from the Fall 2014 Class and another awesome interview with Tim Draper!

Draper University Alumni Launch "Loopd"

San Mateo, CA – October 16, 2014 – Draper University, the innovative and disruptive school for entrepreneurs, announced that four alumni have launched Loopd, a proximity marketing solutions tool for marketing executives. Loopd closed $1 million in angel funding from Draper Associates and Draper University founder Tim Draper, Salesforce.com CEO Marc Benioff, and Vuclip Co-Founder Xinhui Nui. Alumni Startup Loopd“At Draper University we teach our students to think differently and provide all the necessary tools to start a business. We are thrilled to see four of our Draper University heroes going out into the world and disrupting the traditional way of marketing at conferences and events,” said Draper.

With Loopd, marketers are able to prove event ROI, deliver higher quality leads, gather accurate attendee profiles, optimize event marketing strategies, and enhance attendee engagement. Unlike stand-alone event apps, beacon systems, or traditional lead retrieval systems, Loopd combines the three essential components for an event marketer: a mobile app, event hardware including bi-directional beacons, and rich analytics.

The team of seven is based in San Francisco, CA and Taipei, Taiwan. The chips cost less than $5 dollars to manufacture and can last up to two weeks. The chip also allows users to take notes and export the information received from the app to the user’s sales software, thus making it easier for conference attendees to create contacts rather than solely relying on business cards.

“Draper University changed my life; this is almost an understatement. During my session, I met my two amazing cofounders, came up with our idea for Loopd, and decided to move to Silicon Valley to start my company,” said Brian Friedman, CEO at Loopd. “I would recommend the program with flying colors to anyone and everyone that wants to learn more entrepreneurship.”

Former Draper University alumni are out changing the world – former students have started over 60 companies, raised over $7.4 million in capital, are working at large companies including Tesla and Google, as well as at startups, and attending business school at Harvard and Stanford. Draper University is now accepting applications for its Winter 2015 programs. Application deadlines are at http://www.localhost/sites/html/apply.


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Silicon Valley Entrepreneurial Summer Program Kicks Off

San Mateo, CA – July 2, 2014 – Draper University, a top entrepreneurship program, is proud to announce that for 6 weeks this summer, 39 young entrepreneurs from 17 different countries will converge on the Draper University campus in the heart of Silicon Valley for an intensive, experiential program focused on entrepreneurship, building real-world skills, and “learning by doing.” The highly selective school, currently running its sixth cohort, continues to refresh its curriculum to include cutting edge speakers and unconventional learning methods. Draper University“We prepare people for an interesting and purposeful life. We look for those 18-28 year olds who have a passion to change the world for the better. Students who enter the program will build a lifelong network of friends from around the world, will be exposed to the full Silicon Valley experience, will move their vision forward, and will never be the same,” said Tim Draper, founder of Draper University and co-founder of Draper Fisher Jurvetson Venture Fund.

The students will be immersed in an unparalleled environment focused on creating a new kind of game-changing, young entrepreneur. They will learn from Silicon Valley all-stars like Bill Draper, Heidi Roizen, Reid Dennis, Naveen Jain, Josh Buckley, and Dave McClure, and will build a lifelong network of peers, advisors, and mentors. At the end of the immersive startup bootcamp, Draper University students will participate in a business plan competition where students have the opportunity to pitch to a panel of investors and obtain funding for their business.

Residential ProgramThe accomplished summer cohort, of which 36% are female and 60% are international, includes someone who founded a company that uses kinect touchless technology to help surgeons during complex operations, someone who speaks five languages, a Miss World Malaysia pageant participant, a designer of components for SpaceX’s Falcon Heavy rocket, the founder of the Stanford Quidditch team, and several published authors.

Former Draper University students are out changing the world – they have started over 60 companies, raised over $6.4 million in capital, are working at large companies including Tesla and Google, as well as at startups, and attending business school at Harvard and Stanford.

Draper University is now accepting applications for its Fall 2014 Residential and Online programs. Application deadlines are at http://www.localhost/sites/html/apply. Draper University is offering over $35k in scholarships for its Residential Program in entrepreneurship, and is the first school to accept Bitcoin for tuition payment. For the first time, Draper University Online, an innovative online entrepreneurship program where students learn all the skills they need to be an entrepreneur and get to pitch their business idea for the chance to win up to a $5k investment, is offering to refund half of the tuition back to students who complete all of the coursework.


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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.

Anything is Possible at Draper University of Heroes

Student Post  July 18, 2013 – They say that Silicon Valley is the place where things happen. Where overhearing a conversation about two guys working on their newest startup at a coffee shop is common place, and where people often reply to your pitch with a "Yes, AND" instead of a "Yes, BUT" or even worse, with a straight up "NO." Yes, Silicon Valley is the place where anything is possible, and this became clear when I convinced renowned venture capitalist Tim Draper to auction off a one-on-one lunch meeting to the highest bidder.

Ana DuranThinking Outside the Box at Draper University

Regardless of whom you are and what position you hold, don't be afraid to fail. However, having a strong network is always useful, and I must confess that being a current student at Draper University in San Mateo, CA might have helped a little to secure the lunch. Draper University is an unconventional boarding school for young entrepreneurs created by Tim himself. In fact, the auction is taking place because my team, the Wonders, is fundraising for "Survival Week" which involves being in a secluded area for five days as part of the innovative curriculum. Fortunately, Tim agreed to help my team out with our wacky idea to auction him off, and we look forward to going off in the wild and surviving from the resources we gathered and the team strategy we devised while he has lunch with the lucky winner.

Be Surrounded by Like-Minded Entrepreneurs

Being at Draper University is about more than just going off on survival adventures or having talks led by top CEOs like Aaron Levie who created Box, or industry leaders like Robert Metcalfe who co-invented the Ethernet. To be here means to be surrounded by a group of thirty-eight brilliant peers from different corners of the world who share a passion for entrepreneurship and disruption, and who will eagerly give you feedback on your business idea regardless of how many times you change it. To be here means to think outside the box like how to drop an egg off from the eight floor without breaking it, and to be prepared to change the rules at any given point like playing volleyball with two balls and no net. To be here means "to do everything in my power to drive build, and pursue progress and change" as our superhero oath constantly reminds us. Most importantly, to be here means to be a hero.

What Does it Mean to be a Hero?

Through Draper University, I have come to redefine my definition of this word. Four weeks ago I would have said that to be a hero means to do something extraordinary that will benefit society. Today, I believe that a hero is someone who is not afraid to fail and who helps raise others up so that together they can do something even more extraordinary. Yes, at DU it is all about the teamwork and helping each other out in order to achieve a common goal. After all, every one has something to contribute to the table, and it is only when we pull all of our strengths together that we become more creative, more valuable, and completely indestructible. And if we fail, we fail together, we help each other up, and we try again until we succeed.

Don't be Afraid of Failure

That is the biggest lesson I have learned since being here, and as obvious and cliché as it may seem, you really need to live it in order to understand it. Regardless of whom you are and what position you hold, don't be afraid to fail. In fact, the only thing that should really scare you is failing and not learning anything from the experience. Everything else, regardless of how bad it is, holds some sort value if you know where to look for it. For example, when I was ten I was diagnosed with leukemia, and as bad an painful as dealing with cancer was, I was surrounded by the best team possible: my knowledgeable doctors, my loving parents, and my supportive school friends. Together, they made chemotherapy more bearable, and when the roughest days arrived and I wish I would die, my team was there to hold my hand and lift me up.

Also, always try to help others and form teams with your family, friends, coworkers, and even strangers. They all have the potential to inspire you and to help you see the world with a new perspective, and you of course can do the same for them. So dream together, execute together and fail together. I believe this mentality is what makes places like Silicon Valley and Draper University so special. I only hope that all the heroes out there will help me share and implement this idea with the rest of world and start working together to do something extraordinary. And even if it fails, it will still be extraordinary.

~ Guest post by Ana Duran who is from Colombia and was part of DU's Summer 2014 Class.

Startup (and Life) Lessons from Bill Draper

Student Post – July 3, 2013 – A few months ago, I didn’t know anything about the Draper family. After I applied to Draper University, I started to figure them out. I knew DU was a crazy and innovative school for entrepreneurs, but I never imagined how much work and history was behind it. Tim Draper has been empowering entrepreneurs in every stage of his life and Draper University students are the latest ones. MariaGandaraWhen I started to read and to ask about Tim Draper (founder of Draper University and Draper Fisher Jurvetson), I realized that I was very lucky. I knew that for 6 weeks I was going to be surrounded by the visionary who first invested in Hotmail and Skype and who indeed has an amazing family and values.

While reading Bill Draper’s book "The Startup Game" I saw how Tim’s dad's life related to me and where I am in my life. Bill Draper is not only a prominent Venture Capitalist; he has also been behind amazing strategies and plans. He has worked in public service, at the United Nations Development Programme, and has supported many social entrepreneurs.

Bill came to our school this week and when we asked him about characteristics that entrepreneurs should have, he answered:

• Drive • Courage • Energy • Brain Power • Creativity

We wanted to know in what kind of person he would invest in and he answered that the kind of person that had a sleeping bag in his office. A person that is energetic, hardworking, and exudes confidence. When I asked Bill for advice on how to create entrepreneurship ecosystems, he told me that we needed a strong relationship between academia, business people, and industry. He said that a new Silicon Valley can grow wherever there is a good technical university.

"There wouldn’t be a Silicon Valley without a Stanford," said Bill.

Bill Draper is a perfect example that shows us that by doing business we can change many lives and confirms us that entrepreneurship will enhance the development of our countries and our life. At the end, Bill Draper gave us some tips on how to pitch to VCs, and to close his talk he told us that he has had a lucky life.

~ Guest post by Maria Fernanda Gandara Gil who is from Mexico and was part of DU's Summer 2013 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.

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

Can VCs be Bred? Meet the New Generation in Silicon Valley's Draper Dynasty

silicon valley draper dynastyJune 14, 2012 - As the founders behind Sutter Hill Ventures and Draper Fisher Jurvetson, Bill Draper and Tim Draper have become household names of successful Silicon Valley venture capitalists. Now, there's a fourth generation rising up from the Draper family: Tim's children Jesse, Adam, and Billy. Each is forging their own path in the world of entrepreneurship.

Draper Dynasty

The Draper VC dynasty began with General William Draper's founding of Draper, Gaither & Anderson in 1958. A few years later, his son Bill started the Draper & Johnson Investment Co. (1962), followed by Sutter Hill Ventures (1965). Bill's son, Tim, founded Draper Fisher Jurvetson in 1985. The fourth generation is striking out on its own—but still staying close to home. Jesse, 28, is a producer and host of The Valley Girl Show; Adam, 26, is a cofounder of the firm Xpert Financial; Billy, 23, is founder of the startup Mobber.net. (Quoted from Fast Company)

Read the entire Fast Company article here.