After $3.5B Bitcoin Windfall, Tim Draper Reloads With Fund 8—Here’s What’s Coming
Veteran venture capitalist Tim Draper has launched a new $200 million fund through his firm Draper Associates, according to a recent filing with the U.S. Securities and Exchange Commission.
Dubbed Draper Associates Fund 8, the fund’s creation comes during a major upswing for the crypto industry, as the market continues to hit record milestones, Fortune reported on Thursday.
A statement on the firm’s website nods to the milestone, highlighting Draper Associates’ four-decade legacy in venture capital and its renewed focus on the future.
“With the launch of Draper Associates Fund 8, the team has its eye on the next 40 years,” it reads.
The firm has not released additional details, and a spokesperson declined to comment on the specifics.
This new fund marks a …
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