Draper Associates - Unicorn Nest

Draper Associates

Draper Associates

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Headquarters Location

United States, Menlo Park

About

Draper Associates is a well known and established VC, which was founded in 1969. The fund is located in United States, North America. The primary office of this VC is located in Menlo Park.

The fund usually invests in rounds together with 4-5 others. Aside from Draper Associates, start-ups are often funded by Techstars, True Ventures, Rhodium and 123 other funds. Other VCs who often invest in the same rounds are Wavemaker Partners, Tim Draper, Zone Ventures, the total number of co-investors is 167. In subsequent rounds, the fund is usually joined by Greycroft, Insight Partners, Bessemer Venture Partners, as well as 140 other investors.

The fund was created by Tim Draper. We also identified another 4 core personnel in our database.

Draper Associates is involved in 13 percentage points less than the average amount of lead investments when compared with other funds. The fund usually participates in 7-12 investment rounds per year. In real terms, this VC performs 3 percentage points less exits than other funds. The highest number of exits from this fund were in 2014. When Draper Associates invests, the average start-up valuation is 100-500 millions dollars. The most common rounds for this fund are in the range of 5 - 10 millions dollars. In 2017, the fund's activity was at its peak. In addition, the fund was active in 2019.

Moreover, a start-up needs to be 4-5 years old to get investment from this fund. The fund has no specific requirements for the number of founders in a start-up. If the applying start-up has 5+ founders, it is very unlikely that funding will be awarded. The country of its establishment and the country of its most frequent investments coincides - United States. However, start-ups from 14 other countries can be found in the fund's portfolio. Among the most popular portfolio start-ups of the fund, are Coinbase, Thumbtack, Atomwise. Among their most successful investment fields, we have identified SaaS, E-Commerce. Also, because of its portfolio diversification tendency, we can highlight 33 more industries for this fund.

Year Founded

1969

Fund Activity

Operative

Mail Rule [rules by which you can get an email of an interesting for you fund employee, knowing only the name and surname of this employee]

Domain name: draperandassociates.com; User name format in descending order of probability: first_initial last, first last, first last_initial, last first_initial, first

Group Appearance [how often fund is operating separately from groups with shared interest]

100.0% of cases

Investments per Year [average amount of rounds in which fund participates each year]

4-6

Follow-on Index [how often fund is ready to support its portfolio startup at next rounds]

21.1% of cases

Average Multiplicator [the average ratio of the last valuation of portfolio startups to their total amount of financing raised]

x6.5

Average Portfolio Company
Exit Age [the average age of portfolio startups at which they go public or become acquired]

3.9 years

Success / Strategy Similarity
Index [the matching between fund's investment strategy and its proved successes in the form of portfolio startups high valuations]

0.4 out of 1

Number of Unicorns [amount of portfolio companies, which were valuated at more then $1B]

2

Funds Investing in Previous
Rounds

Techstars, True Ventures, Rhodium

Funds Investing Together

Wavemaker Partners, Zone Ventures

Funds Investing in Following
Rounds

Greycroft, Insight Partners, Bessemer Venture Partners

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