Today is the birthday of billionaire Tim Cook Draper who turns 62. Draper is a famous investor and promoter of blockchain and bitcoin, as well as decentralization.
Draper was born in Illinois, America, on June 11th, 1958, to a family of venture capitalists and government officials: his father founded the Draper & Johnson Investment Company and was also President of the Export-Import Bank of The United States (EXIM).
This company is active in financial assistance for the import/export of goods and services in the United States and was founded in 1934 by none other than President Franklin D. Roosevelt.
Tim’s grandfather, William Henry Draper Jr., founded Draper, Gaither and Anderson in the year of Tim’s birth and served as the first ambassador for NATO.
In terms of his education, Tim studied first at Phillips Academy Andover and then at Stanford University, where he received a bachelor’s degree in electrical engineering in 1980. Tim then received his Master of Business Administration (MBA) from Harvard Business School in 1984.
During his academic period at Stanford, he was recruited by Hewlett-Packard (HP) as a marketing engineer. Draper also became famous because he created the board game “Stanford – The Game” together with Heidi Roizen, his peer.
She too launched herself in the venture capital industry (today she’s also part of Draper Fisher Jurvetson) and was awarded in 2018 as Financial Woman of the Year. Previously she held several roles including the most important one in DMGT which is the company behind the Daily Mail and Mail Online, becoming in fact the first female director in 116 years since the creation of the company.
Tim Draper and Bitcoin
Draper’s investments are significant and in various sectors. He is involved in companies such as Baidu, Skype, Tesla, Twitch, Theranos, and of course he has also invested in bitcoin.
In June 2014 he bought 30 thousand bitcoins (BTC) that had been seized by the US government and auctioned, spending 19 million dollars. At that time Bitcoin was worth 633 dollars. The purchase proved over time a fantastic investment with a return of 3000% during the peak of December 2017.
Today, Draper’s commitment to bitcoin and the blockchain hasn’t faded and a few days ago he started a campaign that plans to give as much as $1 million in Bitcoin (BTC) during the summit next October for the first 10 thousand registered people.