Quick take:
- Tim Draper’s venture network has launched a web3 syndication solution.
- The Draper Round Table will be accessible through the Draper Decentralized (DraperX) platform.
- Family offices, corporate VCs and angel investors are also part of the syndication network to reflect the diversity of web3 venture investing.
Tim Draper’s venture network has launched a web3 syndication vehicle that allows new investors to join the Draper Ecosystem, enabling them to become eligible to invest alongside the Draper Venture Network.
Dubbed the “Draper Round Table” the vehicle will allow different types of investors to join the network, including family offices, corporate venture capitalists, angel investors and other individual VCs to reflect the changing and diverse landscape of web3 venture investing.
Those looking to become members of the Draper Round Table can do so through the Draper Decentralized (DraperX) platform.
The Draper Round Table allows investors to share and syndicate alongside each other. According to the announcement on Wednesday, NBA All-Star Baron Davis and LunarCrush CEO Joe Vezzani are joining the round table as Venture Partners.
Commenting on the launch, Tim Draper, Chairman of the Draper Round Table said: “The world of investing is changing rapidly. We are expanding access for investors so that the best entrepreneurs, wherever they are, can get funded.”
On the other hand, Sid Mofya, Executive Director of the Draper Network and co-founder of the Draper Round Table commented: “We are excited to finally be launching the Draper Round Table after working on it in the background for over a year. We believe it will play a significant role in getting quality Web3 companies funded, and thoughtfully introducing new investors to the space.”
The Draper Round Table will hold events that will allow its members to evaluate and promote web3 startups to its community. Members will also be able to interact with each other through Zoom calls and lectures, among other channels.
LunarCrush’s Joe Vezzani, who is among other earliest investors to join the Draper Round Table will be bringing a wealth of experience from the crypto industry. Vezzani founded the social intelligence platform for non-fungible tokens (NFTs) and crypto in 2018 with a mission to make people better investors.
“It is important at moments like this to not shy away from innovation but to double down on it. The only way we make innovation happen is to inspire and support entrepreneurs willing to risk everything in search of creating something better. I look forward to doing my part in making dreams a reality for anyone willing to make the leap. DVN is a deep venture resource that puts founders first, the Draper Round Table will harness the network’s resources and unlock the network for everyone.” said Vezzani, who continues his role as CEO of LunarCrush.
On the other hand, Two-time NBA All-Star, serial entrepreneur, investor, and creator, Baron Davis commented: “I’m excited to be a part of the Draper Round Table and Draper Network. As a founder of the venture studio, More Than Us (MTU), it’s exciting to have the support of a network and be able to create real opportunities that will have BIG results.”
Davis recently launched the More Than Us Venture Studio (“MTU”), an organisation created to promote underrepresented communities in web3 by helping them create NFTs.
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