quick shot:

• Tim Draper’s Business Network has launched a web3 syndication solution.
• The Draper Round Table will be accessible via the Draper Decentralized (DraperX) platform.
• Family offices, corporate venture capitalists and angel investors are also part of the syndication network to reflect the diversity of web3 venture investments.

The Tim Draper Venture Network has launched a web3 syndication vehicle that allows new investors to join the Draper ecosystem, making them 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 venture capitalists to reflect the changing and diverse landscape of the risk investment web3.

Those looking to become a member of the Draper Round Table can do so through the Draper Decentralized (DraperX) platform.

The Draper roundtable allows investors to share and syndicate with each other. Per Wednesday’s announcement, NBA All-Star Baron Davis and LunarCrush CEO Joe Vezzani will join the roundtable 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 investor access so that the best entrepreneurs, wherever they are, can obtain financing”.

On the other hand, Sid Mofya, CEO of Draper Network and co-founder of Draper Round Table, commented: “We are excited to finally launch Draper Round Table after working on it for over a year. We believe it will play an important role in raising funding for quality Web3 companies and carefully introducing new investors to the space.”

The Draper Roundtable will hold events that will allow its members to evaluate and promote web3 startups in their community. Members will also be able to interact with each other through Zoom calls and conferences, among other channels.

LunarCrush’s Joe Vezzani, who is among the first investors to join the Draper Round Table, will bring a wealth of experience from the crypto industry. Vezzani founded the social intelligence platform for non-fungible tokens (NFTs) and cryptocurrencies in 2018 with a mission to make people better investors.

“It is important at times like this not to shy away from innovation, but to double down on it. The only way we make innovation happen is by inspiring and supporting entrepreneurs willing to risk everything to create something better. I look forward to doing my part to make the dreams of anyone willing to take the leap come true. DVN is a deep risk resource that puts founders first, Draper Round Table will leverage network resources and unlock the network for everyone.” said Vezzani, who continues his role as CEO of LunarCrush.

On the other hand, Baron Davis, two-time NBA All-Star, serial entrepreneur, investor and creator, commented: “I am excited to be a part of the Draper Round Table and the Draper Network. As the founder of the venture studio, More Than Us (MTU), it is exciting to have the support of a network and to be able to create real opportunities that will have BIG results.”

Davis recently launched More Than Us Venture Studio (“MTU”), an organization created to promote underrepresented communities on web3 by helping them create NFTs.

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