Disruptors Tim Draper: BILLIONAIRE & Heavyweight Silicon Valley Investor [Business, mindset, entrepreneur, disruptors]
DESCRIPTION
Today, Rob is joined by American venture capital investor Tim Draper, whose most prominent investments include Hotmail, Skype, Tesla and Twitter. Learn today what investors look for in an entrepreneur and what it truly means to be one, as well as why it is important to visualise the future success of companies when investing in them rather than looking at what could go wrong.
KEY TAKEAWAYS
- As an early-stage venture investor, you need to put your money into a variety of different companies because it is only a small number of businesses that makes it big and so you have to have at least 20 or 30 investments in any given fund.
- If a company is doing something entirely new and different there is not much research you can do so you have to just project out ‘what is the world going to look like in 5, 10, 15 years from now if these people are successful?’ That is the question you should ask yourself when considering to invest in a company rather than what could go wrong.
- A true entrepreneur is someone who dedicates their life to something whether they get an investment or not, they have just decided to go ahead and do it, it is a train leaving the station and if investors want to get on the train, then they can. Once they create enough success they are able to look at their product and see the impact it has had on the world.
- Keep making money and don’t spend it. Stay frugal and feel good about money because when you’ve earned it that means you have made a deal with somebody that worked out very well for the two of you and whenever you make a deal with somebody the ambition is that you are both going to be better off. Continue to make deals which will help you grow your wealth.
- It doesn’t matter who is buying or selling, it is just the human connection that matters. Have that connection and the ability to do a deal with somebody or do something for somebody that will make their life better, you should always be proud to buy and sell and to help others as well as accepting help when you need it.
- When you are ‘poor’ or ‘unsuccessful’ you think about money and success more because it is not something you think you have. Work hard to make yourself a good amount of money and make money something you no longer have to think about too much so that you can then go out and do meaningful work.
BEST MOMENTS
“I have always loved entrepreneurs, I love what they do for the world, I love the progress they bring us in jobs, wealth and happier people. They explore the world in new ways. Entrepreneurs are great for our world and we need to support them in any way that we can”
“I am always looking at the entrepreneur that way, I am thinking ‘are you going to be the one that makes a huge impact on the world.”
“You want to make your customers into your sales force”
“When it is really great, you will start losing people.”
[Business, mindset, entrepreneur, disruptors]
VALUABLE RESOURCES
ABOUT THE HOST
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “Disruptors”
“If you don't risk anything, you risk everything”
CONTACT METHOD
Rob’s official website: https://robmoore.com/
Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs
LinkedIn: https://uk.linkedin.com/in/robmoore1979
ABOUT THE GUEST
Timothy Cook Draper is an American venture capital investor, and founder of Draper Fisher Jurvetson (DFJ) Draper University, Draper Venture Network, Draper Associates, and Draper Goren Holm. His most prominent investments include Baidu, Hotmail, Skype, Tesla, Twitter, DocuSign, Coinbase, Robinhood, Ancestry.com, Twitch, and Focus Media. In July 2014, Draper received wide coverage for his purchase at a US Marshals Service auction of seized bitcoins from the Silk Road marketplace website. Tim is a major proponent of Bitcoin and decentralization.