SaaS Interviews with CEOs, Startups, Founders
This is The Worlds Most Influential, Powerful Investor with Tim Draper of DFJ Venture (Timothy Draper)
09 Feb 2016
Chapter 1: What is the main topic discussed in this episode?
This is The Top, where I interview entrepreneurs who are number one or number two in their industry in terms of revenue or customer base.
Chapter 2: What notable investments has Tim Draper made?
You'll learn how much revenue they're making, what their marketing funnel looks like, and how many customers they have.
Chapter 3: How did Tim Draper contribute to the success of Skype?
I'm now at $20,000 per top. Five and six million. He is hell-bent on global domination. We just broke our 100,000-unit soul mark.
Chapter 4: What innovative ideas does Tim Draper have for education?
And I'm your host, Nathan Latka. Okay, Top Tribe, this week's winner is Charlie Daggs, okay? He was a middle manager at a manufacturing company. He wants to break free and he won the $100 I give out every Monday.
Chapter 5: How does Tim Draper identify new investment opportunities?
For your chance to win, simply subscribe to the podcast on iTunes right now and then text the word Nathan to 33444 to prove that you did it. Coming up tomorrow morning, TopTribe, we're gonna hear from Amy Schmittauer. She says, and I specifically asked her, why, Amy, are you running a membership site instead of building software?
Chapter 6: Why does Tim Draper believe California should be split into six states?
Okay, Top Tribe, good morning. I am here with my tea this morning, and I think you're really going to love our guest. His name is Tim Draper. He was the founding partner at Draper Associates back in 1985.
Chapter 7: What role does viral marketing play in Tim Draper's strategy?
It is a very well-established venture capital firm. He has raised 10 core funds, hired and led a team of partners, invested in hundreds of early-stage private companies, including Baidu, Tesla, Hotmail, Skype, Parametric Technology, Digidesign, Twitch TV, Theranos, and Overture.
He's got extended reach through the building of the Draper Venture Network with 14 funds covering 30 cities around the world through the creation of Draper University, a school and ecosystem dedicated to preparing entrepreneurs and through building a high profile and brand to generate deal flow.
Chapter 8: What lessons does Tim Draper share about entrepreneurship and failure?
Tim, are you ready to take us to the top?
Yeah, terrific.
Thanks, Nathan. Let's do this, man. So there's so many places we could go with this. I think there's not a better example of your legacy in the Valley, besides the fact that your Skype username is T-I-M. You got in early, didn't you?
Yeah, actually, I guess you're supposed to have six letters or more now. But yeah, I'm Tim at Skype. We were thrilled with that investment. The Skype founders and I did a Fun thing. I actually was in the first Skype video call ever. What year was that? Boy, a long time ago. And we used their alpha system to do it. And it wasn't quite... ready or anything.
But the first Skype video call, they cut off 100,000 simultaneous audio users in order to get the bandwidth for our video to work. It was quite a fun experiment. I apologize for anybody who was on a phone call at that time.
They lost out. Give me real quick, just a sense of if it's public returns on that, how much did you put into Skype? And just on the Skype deal, how much were you able to make for the fund?
Oh boy, I don't even remember. It was a couple of different investments of different sizes, and the return was big. I like it. The return was big. It sold for $4 billion to eBay at that time.
Okay. Did you guys put in more or less than $100 million, would you say, over all the rounds combined?
Oh, far less than a hundred million. Oh, gosh. Way less than a hundred million.
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