{"id":371229,"date":"2021-11-23T17:34:13","date_gmt":"2021-11-23T14:34:13","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/tim-drapers-odd-rules-for-investing-in-success\/"},"modified":"2021-11-23T17:34:13","modified_gmt":"2021-11-23T14:34:13","slug":"tim-drapers-odd-rules-for-investing-in-success","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/tim-drapers-odd-rules-for-investing-in-success\/","title":{"rendered":"#Tim Draper\u2019s \u2018odd\u2019 rules for investing in success"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a27e27b12d8e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a27e27b12d8e\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/tim-drapers-odd-rules-for-investing-in-success\/#Golden_rules\" >Golden rules<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/tim-drapers-odd-rules-for-investing-in-success\/#Enter_the_dragon\" >Enter the dragon<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/tim-drapers-odd-rules-for-investing-in-success\/#6_Questions_for_Han_Kao_of_Sanctor_Capital\" >6 Questions for Han Kao of Sanctor Capital<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/tim-drapers-odd-rules-for-investing-in-success\/#Shanghai_Man_VeChain_still_popular_in_China_crypto_media_shutdown_and_OKEx_goes_global\" >Shanghai Man: VeChain still popular in China, crypto media shutdown and OKEx goes global<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/tim-drapers-odd-rules-for-investing-in-success\/#Meet_Dmitry_Co-founder_of_Ethereums_creator_Vitalik_Buterin\" >Meet Dmitry: Co-founder of Ethereum\u2019s creator Vitalik Buterin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/tim-drapers-odd-rules-for-investing-in-success\/#6_Questions_for_Anton_Bukov_of_1inch_Network\" >6 Questions for Anton Bukov of 1inch Network<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/buradabiliyorum.com\/en\/tim-drapers-odd-rules-for-investing-in-success\/#Crypto_kids_fight_Facebook_for_the_soul_of_the_Metaverse\" >Crypto kids fight Facebook for the soul of the Metaverse<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/buradabiliyorum.com\/en\/tim-drapers-odd-rules-for-investing-in-success\/#Bitcoin_converting_the_world\" >Bitcoin converting the world<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/buradabiliyorum.com\/en\/tim-drapers-odd-rules-for-investing-in-success\/#The_best_of_blockchain_every_Tuesday\" >The best of blockchain, every Tuesday<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/buradabiliyorum.com\/en\/tim-drapers-odd-rules-for-investing-in-success\/#6_Questions_for_Han_Kao_of_Sanctor_Capital-2\" >6 Questions for Han Kao of Sanctor Capital<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/buradabiliyorum.com\/en\/tim-drapers-odd-rules-for-investing-in-success\/#Shanghai_Man_VeChain_still_popular_in_China_crypto_media_shutdown_and_OKEx_goes_global-2\" >Shanghai Man: VeChain still popular in China, crypto media shutdown and OKEx goes global<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/buradabiliyorum.com\/en\/tim-drapers-odd-rules-for-investing-in-success\/#Meet_Dmitry_Co-founder_of_Ethereums_creator_Vitalik_Buterin-2\" >Meet Dmitry: Co-founder of Ethereum\u2019s creator Vitalik Buterin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/buradabiliyorum.com\/en\/tim-drapers-odd-rules-for-investing-in-success\/#6_Questions_for_Anton_Bukov_of_1inch_Network-2\" >6 Questions for Anton Bukov of 1inch Network<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/buradabiliyorum.com\/en\/tim-drapers-odd-rules-for-investing-in-success\/#Crypto_kids_fight_Facebook_for_the_soul_of_the_Metaverse-2\" >Crypto kids fight Facebook for the soul of the Metaverse<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/buradabiliyorum.com\/en\/tim-drapers-odd-rules-for-investing-in-success\/#Generally_enthusiastic\" >Generally enthusiastic<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/buradabiliyorum.com\/en\/tim-drapers-odd-rules-for-investing-in-success\/#6_Questions_for_Han_Kao_of_Sanctor_Capital-3\" >6 Questions for Han Kao of Sanctor Capital<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/buradabiliyorum.com\/en\/tim-drapers-odd-rules-for-investing-in-success\/#Shanghai_Man_VeChain_still_popular_in_China_crypto_media_shutdown_and_OKEx_goes_global-3\" >Shanghai Man: VeChain still popular in China, crypto media shutdown and OKEx goes global<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/buradabiliyorum.com\/en\/tim-drapers-odd-rules-for-investing-in-success\/#Meet_Dmitry_Co-founder_of_Ethereums_creator_Vitalik_Buterin-3\" >Meet Dmitry: Co-founder of Ethereum\u2019s creator Vitalik Buterin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/buradabiliyorum.com\/en\/tim-drapers-odd-rules-for-investing-in-success\/#6_Questions_for_Anton_Bukov_of_1inch_Network-3\" >6 Questions for Anton Bukov of 1inch Network<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/buradabiliyorum.com\/en\/tim-drapers-odd-rules-for-investing-in-success\/#Crypto_kids_fight_Facebook_for_the_soul_of_the_Metaverse-3\" >Crypto kids fight Facebook for the soul of the Metaverse<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#Tim Draper\u2019s \u2018odd\u2019 rules for investing in success<\/strong>&#8221;<\/p>\n<p style=\"float:right;margin:0 0 10px 15px;width:240px\"><img decoding=\"async\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/magazine-Tim-Drapers-rules-for-investing-success.jpg\" class=\"type:primaryImage\"><\/p>\n<pre><code>                &lt;p&gt;&lt;b&gt;Its true, Tim Draper has picked losers. He tells me this even before I ask him. The VC legend who backed Hotmail, Tesla, SpaceX, Coinbase, Ledger and many other successful companies readily coughs up that he has invested in lemons. Some, he says, have totally gone out of business, but others just didnt give him the money back.&lt;\/b&gt;\n<\/code><\/pre>\n<p>By the same token, there are winners that make us a couple of times on the money and then some that give 1000x the investment, he tells Magazine during a rare in-person <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/websummit.com\/blog\">appearance<\/a> at Web Summit in Lisbon, Portugal in early November.<\/p>\n<p>Its a question he is asked a lot, to be fair. His investment success rate is impressive, even his lemons are impressive  think Theranos for example  but he manages to keep on finding good projects. Of course, a successful VC can pick and choose from the cream of the crop and that may tilt the outcomes toward the positive, but Draper puts it down to his four-step evaluation process.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">On our Q&amp;A Stage today, we heard from a man with the Midas touch, VC legend Tim Draper, as he took his reality show  Meet the Drapers  on the road at Web Summit. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/P7eY1r0Rlp\">pic.twitter.com\/P7eY1r0Rlp<\/a><\/p>\n<p>\u2014 Web Summit (@WebSummit) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/WebSummit\/status\/1455935324522270721?ref_src=twsrc%5Etfw\">November 3, 2021<\/a><\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Golden_rules\"><\/span>Golden rules<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>The single biggest denominator in companies that succeed is trust, according to Draper. Another crucial factor is there is only a single decision maker in the business  with faith among the team in that leader.<\/p>\n<p>One definite company killer is when co-founders do not get along, maybe both of them believing they should be CEO which can lead to a lot of second guessing and delays.<\/p>\n<p>The marketplace in which projects are hoping to operate must also be free of limiting restrictions or excessive regulation.<\/p>\n<blockquote class=\"pullquote align-center\"><p>If the U.S. government had regulated the internet back in the 90s, we wouldnt have had the same success in Silicon Valley and beyond. Companies need to feel free to innovate. And they cant feel overwhelmed by government regulations.<\/p>\n<\/blockquote>\n<p>His fourth evaluation criteria is oddness. Yes, eccentricity is good for business.<\/p>\n<p>A lot of the winners are often a bit odd. Their ideas are sometimes left of center and often I go, whoa, what are you doing?<\/p>\n<p>Hotmail was one of these cases  the idea of a free web-based email was totally at odds with the way the internet was, at the time, being built. And Skype <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/digital.hbs.edu\/platform-digit\/submission\/skype-how-a-northern-european-peer-to-peer-software-has-conquered-the-world-thanks-to-network-effects\/\">changed<\/a> their business proposition on the fly to a freemium model, just as Draper and his team were about to write the check.<\/p>\n<p>As for Tesla  who needed another car company especially when one looked at the disaster that was DeLorean?<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<figure id=\"attachment_9948\" aria-describedby=\"caption-attachment-9948\" style=\"width: 451px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\" wp-image-9948\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/Tim-d-instagram-bitcoin-2.jpg\" alt=\"Tim Draper\" width=\"451\" height=\"452\" \/><figcaption id=\"caption-attachment-9948\" class=\"wp-caption-text\">Draper with man\u2019s best friend and Bitcoin swimming trunks. (Source: Instagram)<\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>Finally, everyone needs enough money to succeed and Draper feels sometimes people have not anticipated how much they will need. Its better to build in a long runway when it comes to looking for funding, rather than running out halfway through.<\/p>\n<p>On a positive note, Draper reckons that by the time an entrepreneur hits the 25th pitch, they have it sussed in terms of their business, the competition and the market. He likes to see the 25th pitch rather than the first, as it saves him time.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We&#039;re looking for exceptional founders with extraordinary ideas for our new <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/dshaccelerator?ref_src=twsrc%5Etfw\">@dshaccelerator<\/a> in Austin. <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a>ly to attend or to live in the house and participate in programming. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/F8gJaBbBeU\">https:\/\/t.co\/F8gJaBbBeU<\/a><\/p>\n<p>\u2014 Tim Draper (@TimDraper) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TimDraper\/status\/1461473650381520901?ref_src=twsrc%5Etfw\">November 18, 2021<\/a><\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Enter_the_dragon\"><\/span>Enter the dragon<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Drapers knack for picking winners extends to picking cryptocurrencies. Back in 2014, Draper famously purchased 29,656 Bitcoin seized by the U.S. Marshals at a bid of $640 per Bitcoin, He famously ended up winning all nine lots to his surprise, but he wasnt unhappy then or now. Go on, do the calculation: thats almost $2 billion in todays value. But, Draper thinks it\u2019s going much, much higher. He tips $250,000 by the end of 2022, or early 2023 at the latest.<\/p>\n<p>He reckons he was overconfident in the United States Marshall sale  but he didnt expect to win all nine lots. A lot of people have only heard the auction part of the story, but it was actually just a way to make up for 40,000 Bitcoin he lost in the Mt Gox fiasco.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<div class=\"jeg_postblock_carousel jeg_postblock_carousel_3 jeg_postblock jeg_col_8 jnews_module__0_619cfd42b9135    \">\n<div class=\"jeg_carousel_post\" data-nav='' data-autoplay='true' data-delay='4500' data-items=\"3\" data-margin='20'>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"6 Questions for Han Kao of Sanctor Capital\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/Han-Kao-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/Han-Kao-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/Han-Kao-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/Han-Kao-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"6_Questions_for_Han_Kao_of_Sanctor_Capital\"><\/span>6 Questions for Han Kao of Sanctor Capital<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> November 21, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Shanghai Man: Fiat on-ramps dry up in China, crypto topics censored on social media\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/10\/MAG-our-man-in-shanghai-6-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/10\/MAG-our-man-in-shanghai-6-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/10\/MAG-our-man-in-shanghai-6-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/10\/MAG-our-man-in-shanghai-6-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Shanghai_Man_VeChain_still_popular_in_China_crypto_media_shutdown_and_OKEx_goes_global\"><\/span>Shanghai Man: VeChain still popular in China, crypto media shutdown and OKEx goes global<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> November 18, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Dmitry Buterin\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/magazine-Cofounder-of-Vitalik-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/magazine-Cofounder-of-Vitalik-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/magazine-Cofounder-of-Vitalik-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/magazine-Cofounder-of-Vitalik-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Meet_Dmitry_Co-founder_of_Ethereums_creator_Vitalik_Buterin\"><\/span>Meet Dmitry: Co-founder of Ethereum\u2019s creator Vitalik Buterin<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> November 16, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"6 Questions for Anton Bukov of 1inch Network\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/Anton-Bukov-1-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/Anton-Bukov-1-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/Anton-Bukov-1-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/Anton-Bukov-1-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"6_Questions_for_Anton_Bukov_of_1inch_Network\"><\/span>6 Questions for Anton Bukov of 1inch Network<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> November 14, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Facebook v Crypto\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/magazine-Crypto-kids-fight-Facebook-for-the-soul-of-the-Metaverse2-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/magazine-Crypto-kids-fight-Facebook-for-the-soul-of-the-Metaverse2-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/magazine-Crypto-kids-fight-Facebook-for-the-soul-of-the-Metaverse2-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/magazine-Crypto-kids-fight-Facebook-for-the-soul-of-the-Metaverse2-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Crypto_kids_fight_Facebook_for_the_soul_of_the_Metaverse\"><\/span>Crypto kids fight Facebook for the soul of the Metaverse<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> November 11, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div><\/div>\n<\/p><\/div>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>Ive always been bullish on Bitcoin  for me it represents freedom, cross-border freedom. I also love the trust element  freedom and trust are a great combination, he says.<\/p>\n<p>Draper Associates has approximately 30 unicorns under its belt, give or take a few million, including Skype, Hotmail, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> and Tesla. When asked about this level of success, Draper says he is a little different from other venture capitalists.<\/p>\n<blockquote class=\"pullquote align-center\"><p>I am a seed venture capitalist and I have entrepreneurialism in my blood. When I meet people with the same drive, the same lets get this done approach then I click. I need to see the drive in their eyes and know its in their heart.\u201d<\/p>\n<\/blockquote>\n<p>Another difference is in my outlook. Other investors ask what can go wrong. I ask what if this works? What if it works and something really extraordinary happens to humankind and society  then it might be worth a try.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<figure id=\"attachment_9949\" aria-describedby=\"caption-attachment-9949\" style=\"width: 448px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\" wp-image-9949\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/Tim-D-twitter-web-summit-2.jpg\" alt=\"Web Summit\" width=\"448\" height=\"448\" \/><figcaption id=\"caption-attachment-9949\" class=\"wp-caption-text\">Tim Draper on stage at Web Summit. (Source: Barrage, Twitter)<\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Bitcoin_converting_the_world\"><\/span>Bitcoin converting the world<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Draper is very encouraged by the recent <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> surrounding world governments taking steps toward adopting Bitcoin. He is enthused that countries like Panama, Uruguay and Ukraine look as though they are following El Salvadors example, where it has become legal tender.<\/p>\n<p>He has first-hand experience of decision making in South America. He relates an ongoing conversation with the former president of Argentina, Mauricio Macri. Draper had first chatted with him about Bitcoin when it was valued at $10,000 and then again when it had dropped to $4000 two years later. At the same time, the Argentinian Peso had gone from $0.75 to $0.25. Draper made him a wager  if the Argentinian Peso outperformed Bitcoin he would double his investment in the country.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>(function() {window.mc4wp = window.mc4wp || {listeners: [],forms: {on: function(evt, cb) {window.mc4wp.listeners.push({event   : evt,callback: cb});}}}})();<!-- Mailchimp for WordPress v4.8.6 - https:\/\/wordpress.org\/plugins\/mailchimp-for-wp\/ --><\/p>\n<div class=\"mc4wp-form-fields\">\n<div class=\"jeg_mc4wp_heading\">\n<h3><span class=\"ez-toc-section\" id=\"The_best_of_blockchain_every_Tuesday\"><\/span>The best of blockchain, every Tuesday<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>  Subscribe for thoughtful explorations and leisurely reads from Magazine.<\/p>\n<\/div>\n<p>By subscribing you agree to our Terms of Service and Privacy Policy<\/div>\n<p><label>Leave this field empty if you&#8217;re human: <\/label><\/p>\n<div class=\"mc4wp-response\"><\/div>\n<p><!-- \/ Mailchimp for WordPress Plugin --><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>Macri agreed.<\/p>\n<p>Then I added, if Bitcoin outperforms the Peso then you should make Bitcoin your national currency. But, Marci was concerned about the ramifications of the IMF  much in the same way El Salvador is facing international sanctions.<\/p>\n<blockquote class=\"pullquote align-center\"><p>Its the wrong way to look at it. When countries like El Salvador make these decisions, the money will follow. Im going to El Salvador myself, as will many more investors.<\/p>\n<\/blockquote>\n<p>Draper thinks El Salvador has made a brilliant decision and will capture the first-mover advantage. Not only will the citizens become accustomed to using cryptocurrency, but the introduction of blockchain will also help eradicate corruption across the country.<\/p>\n<p>Draper is bullish on all things Bitcoin. He really likes the idea of running Bitcoin end to end in his investments.<\/p>\n<figure id=\"attachment_9950\" aria-describedby=\"caption-attachment-9950\" style=\"width: 294px\" class=\"wp-caption alignright\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-9950\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/Tim-D-instgram-conference-2.jpg\" alt=\"Tim Draper\" width=\"294\" height=\"294\" \/><figcaption id=\"caption-attachment-9950\" class=\"wp-caption-text\">Tim Draper is a popular speaker at crypto conferences worldwide, though more often than not he attends via video.<\/figcaption><\/figure>\n<p>Id love to operate a venture fund exclusively in Bitcoin. I would invest in Bitcoin, the company would pay its employees in Bitcoin, pay its suppliers in Bitcoin and the whole thing is a closed loop on the blockchain managed by smart contracts.<\/p>\n<p>Moreover, when the company sells, all the money goes through a natural waterfall into everyones Bitcoin wallets  everyone gets paid what they are supposed to be without the need for transfer agents, layers, accountants, bookkeepers and auditors.<\/p>\n<p>His belief in Bitcoin makes him shake his head over the recent COVID Paycheck Protection Program (PPP) loans in the U.S. and sees them as a lost opportunity. These PPP checks totaling some $953 billion were intended to keep businesses on credit and employees on the books.<\/p>\n<p>Why didnt they pay it in Bitcoin? There is another $3.4 trillion they are about to spend and this way it would have kept its value.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<div class=\"jeg_postblock_carousel jeg_postblock_carousel_3 jeg_postblock jeg_col_8 jnews_module__1_619cfd42bfcc2    \">\n<div class=\"jeg_carousel_post\" data-nav='' data-autoplay='true' data-delay='4500' data-items=\"3\" data-margin='20'>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"6 Questions for Han Kao of Sanctor Capital\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/Han-Kao-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/Han-Kao-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/Han-Kao-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/Han-Kao-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"6_Questions_for_Han_Kao_of_Sanctor_Capital-2\"><\/span>6 Questions for Han Kao of Sanctor Capital<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> November 21, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Shanghai Man: Fiat on-ramps dry up in China, crypto topics censored on social media\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/10\/MAG-our-man-in-shanghai-6-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/10\/MAG-our-man-in-shanghai-6-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/10\/MAG-our-man-in-shanghai-6-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/10\/MAG-our-man-in-shanghai-6-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Shanghai_Man_VeChain_still_popular_in_China_crypto_media_shutdown_and_OKEx_goes_global-2\"><\/span>Shanghai Man: VeChain still popular in China, crypto media shutdown and OKEx goes global<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> November 18, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Dmitry Buterin\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/magazine-Cofounder-of-Vitalik-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/magazine-Cofounder-of-Vitalik-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/magazine-Cofounder-of-Vitalik-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/magazine-Cofounder-of-Vitalik-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Meet_Dmitry_Co-founder_of_Ethereums_creator_Vitalik_Buterin-2\"><\/span>Meet Dmitry: Co-founder of Ethereum\u2019s creator Vitalik Buterin<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> November 16, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"6 Questions for Anton Bukov of 1inch Network\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/Anton-Bukov-1-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/Anton-Bukov-1-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/Anton-Bukov-1-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/Anton-Bukov-1-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"6_Questions_for_Anton_Bukov_of_1inch_Network-2\"><\/span>6 Questions for Anton Bukov of 1inch Network<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> November 14, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Facebook v Crypto\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/magazine-Crypto-kids-fight-Facebook-for-the-soul-of-the-Metaverse2-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/magazine-Crypto-kids-fight-Facebook-for-the-soul-of-the-Metaverse2-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/magazine-Crypto-kids-fight-Facebook-for-the-soul-of-the-Metaverse2-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/magazine-Crypto-kids-fight-Facebook-for-the-soul-of-the-Metaverse2-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Crypto_kids_fight_Facebook_for_the_soul_of_the_Metaverse-2\"><\/span>Crypto kids fight Facebook for the soul of the Metaverse<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> November 11, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div><\/div>\n<\/p><\/div>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>Here, Draper makes his feelings clear about the people running Washington, who are way past their prime and they dont want change.<\/p>\n<p>While Draper is pessimistic about American leadership in government, he is still excited about the tech sector and, in particular, the entrepreneurs in this space. Hed vote for someone like Miami Mayor Francis Suarez to be President of the United States.<\/p>\n<p>Someone like him could make sure America doesnt fall behind, he says.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Generally_enthusiastic\"><\/span>Generally enthusiastic<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Draper is enthusiastic about everything in the digital assets space, even central bank digital currencies with their questionable outcomes.<\/p>\n<blockquote class=\"pullquote align-center\"><p>I like every innovation that has happened around Bitcoin  the blockchain, the smart contracts, layer-two solutions, NFTs, decentralization, BitcoinCash, Ripple, Algorand, Tezos and all the great innovations. But, I like Bitcoin the most as it is totally decentralized.\u201d<\/p>\n<\/blockquote>\n<p>So, if one government such as China says no to Bitcoin, then Japan pops up and says well take it on. The last laugh is on China as the brain drain will head off to Japan.<\/p>\n<p>Core to Drapers view of the future is light touch government, and he again uses the example of if the U.S. government tried to regulate the internet, as it would have crushed the economic value and brains would have just left the country.<\/p>\n<p>Drapers children have followed him into the investments world with his daughter Jesse concentrating on women-backed ventures through her startup Halogen Ventures and his son Adam, founder of Boost VC which invests in startups that bring a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/sciencee\/\" data-internallinksmanager029f6b8e52c=\"5\" title=\"Science\" target=\"_blank\" rel=\"noopener\">science<\/a> fiction future closer. Draper is proud as punch of both while firmly remaining a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>ist himself.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I just discovered that I was the first female solo GP in Los Angeles and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Crunchbase?src=hash&amp;ref_src=twsrc%5Etfw\">#Crunchbase<\/a> just reminded me that we have done 106 investments <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/HalogenVC?ref_src=twsrc%5Etfw\">@HalogenVC<\/a> ! Something to be celebrated! 100% female founders! <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/femalefounders?src=hash&amp;ref_src=twsrc%5Etfw\">#femalefounders<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/investinwomen?src=hash&amp;ref_src=twsrc%5Etfw\">#investinwomen<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/halogenvc?src=hash&amp;ref_src=twsrc%5Etfw\">#halogenvc<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/losangelestech?src=hash&amp;ref_src=twsrc%5Etfw\">#losangelestech<\/a><\/p>\n<p>\u2014 Jesse Draper (@JesseDraper) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/JesseDraper\/status\/1458491277620613123?ref_src=twsrc%5Etfw\">November 10, 2021<\/a><\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>And while being consciously American, he sees a future world where borders will not exist. Already, he sees that the possession of a smartphone can open worlds to the holder.<\/p>\n<p>Im hoping my grandchildren will ask me one day what is a border and when I explain, theyll say  thats just stupid, Granddad, he says.<\/p>\n<p>If someone is a good programmer in Timbuktu, I want them on my team. We are moving to a world without borders and all that nationalism and patriotism is only the roar of a dying lion. Being physically present is no longer relevant and the sooner people cotton onto this fact the better. If the government puts up rules, people will just move to where the rules are easier or better.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<figure id=\"attachment_9951\" aria-describedby=\"caption-attachment-9951\" style=\"width: 453px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\" wp-image-9951\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/Tim-D-instagram-2.jpg\" alt=\"Tim Draper\" width=\"453\" height=\"453\" \/><figcaption id=\"caption-attachment-9951\" class=\"wp-caption-text\">Draper University runs a Hero Training program and a survival course to teach start up founders how to endure adversity.<\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>Draper reckons these borders are going to come down sooner than people think. In fact, he reckons that borders will become porous in as little as five years.<\/p>\n<p>We dont need the borders or customs to keep people and things in and out. People will be citizens of the world and they can choose which government they want to belong to.<\/p>\n<p>And, cryptocurrencies are just part of that development. Draper has been asked many times if hed sell his Bitcoin for fiat, but he views fiat as the currency of the past, and cryptocurrency as a currency of the future.<\/p>\n<blockquote class=\"pullquote align-center\"><p>Would I swap my euro for drachma or French franc? Hell no. I am waiting instead for the day I can buy my food, my clothing and my shelter with Bitcoin. And when I can do that, why on earth would I hold dollars?<\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<div class=\"jeg_postblock_carousel jeg_postblock_carousel_3 jeg_postblock jeg_col_8 jnews_module__2_619cfd42c26e1    \">\n<div class=\"jeg_carousel_post\" data-nav='' data-autoplay='true' data-delay='4500' data-items=\"3\" data-margin='20'>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"6 Questions for Han Kao of Sanctor Capital\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/Han-Kao-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/Han-Kao-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/Han-Kao-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/Han-Kao-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"6_Questions_for_Han_Kao_of_Sanctor_Capital-3\"><\/span>6 Questions for Han Kao of Sanctor Capital<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> November 21, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Shanghai Man: Fiat on-ramps dry up in China, crypto topics censored on social media\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/10\/MAG-our-man-in-shanghai-6-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/10\/MAG-our-man-in-shanghai-6-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/10\/MAG-our-man-in-shanghai-6-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/10\/MAG-our-man-in-shanghai-6-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Shanghai_Man_VeChain_still_popular_in_China_crypto_media_shutdown_and_OKEx_goes_global-3\"><\/span>Shanghai Man: VeChain still popular in China, crypto media shutdown and OKEx goes global<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> November 18, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Dmitry Buterin\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/magazine-Cofounder-of-Vitalik-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/magazine-Cofounder-of-Vitalik-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/magazine-Cofounder-of-Vitalik-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/magazine-Cofounder-of-Vitalik-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Meet_Dmitry_Co-founder_of_Ethereums_creator_Vitalik_Buterin-3\"><\/span>Meet Dmitry: Co-founder of Ethereum\u2019s creator Vitalik Buterin<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> November 16, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"6 Questions for Anton Bukov of 1inch Network\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/Anton-Bukov-1-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/Anton-Bukov-1-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/Anton-Bukov-1-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/Anton-Bukov-1-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"6_Questions_for_Anton_Bukov_of_1inch_Network-3\"><\/span>6 Questions for Anton Bukov of 1inch Network<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> November 14, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Facebook v Crypto\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/magazine-Crypto-kids-fight-Facebook-for-the-soul-of-the-Metaverse2-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/magazine-Crypto-kids-fight-Facebook-for-the-soul-of-the-Metaverse2-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/magazine-Crypto-kids-fight-Facebook-for-the-soul-of-the-Metaverse2-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/magazine-Crypto-kids-fight-Facebook-for-the-soul-of-the-Metaverse2-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Crypto_kids_fight_Facebook_for_the_soul_of_the_Metaverse-3\"><\/span>Crypto kids fight Facebook for the soul of the Metaverse<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> November 11, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div><\/div>\n<\/p><\/div>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/magazine\/2021\/11\/23\/winners-are-odd-tim-drapers-rules-for-investing-success\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Tim Draper\u2019s \u2018odd\u2019 rules for investing in success&#8221; &lt;p&gt;&lt;b&gt;Its true, Tim Draper has picked losers. He tells me this even before I ask him. The VC legend who backed Hotmail, Tesla, SpaceX, Coinbase, Ledger and many other successful companies readily coughs up that he has invested in lemons. Some, he says, have totally gone out&#8230;<\/p>\n","protected":false},"author":1,"featured_media":371230,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/magazine-Tim-Drapers-rules-for-investing-success.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-371229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/371229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=371229"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/371229\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/371230"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=371229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=371229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=371229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}