Valley of Depth

First Check, with Adam Draper (Founder of Boost VC)

25 snips
Jan 14, 2025
Adam Draper, founder of Boost VC, discusses his journey in venture capital and the family legacy in the space industry. He emphasizes the importance of backing 'impossible' ideas in deep tech and shares insights on evaluating committed founders. Adam delves into the unpredictability of space investments, highlighting the significance of storytelling and transparency in startups. He also speculates on the future of space and biopharma, including the intriguing possibility of discovering extraterrestrial life.
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ANECDOTE

Draper Family Legacy

  • Adam Draper's journey into VC is rooted in a family legacy of venture capitalism.
  • His great-grandfather was the first VC on the West Coast, and subsequent generations have continued the tradition.
INSIGHT

Championing Dreams

  • The Draper family's success in VC stems from a shared passion for championing others' dreams.
  • This coaching mentality is essential for early-stage venture capitalists.
ADVICE

Prioritize Commitment

  • Focus on founder commitment when evaluating startups, not just the initial idea.
  • Commitment is the key to success, as founders must be willing to dedicate 10-20 years.
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