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Draper Venture Network launches syndication vehicle for Web3

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Draper Venture Network launches syndication vehicle for Web3

Source: news.google.com

Tim Draper and Draper Venture Network open up a new way for investors to share and syndicate with each other. NBA All-Star baron davis and CEO of LunarCrush joe vezzani join as Venture Partners.

SAN MATEO, Calif., January 18, 2023 /PRNewswire-PRWeb/ — Draper Venture Network (DVN), a global alliance of venture investors founded by Bitcoin investor and venture capitalist Tim Draper, will launch a new syndication vehicle for its members and beyond: The Draper Round Table. The Draper roundtable will launch in January 2023 to include family offices, corporate venture capitalists, angel investors, and other individual capitalists to reflect the changing and diverse landscape of venture investing. The vehicle will be accessible through the Draper Decentralized (DraperX) platform.

“The world of investing is changing rapidly. We are expanding investor access so that the best entrepreneurs, wherever they are, can get financing,” he said. Tim DraperFounding Chairman of the Draper Round Table.

“We are excited to finally launch the 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,” he said. Sid Mofya, CEO of the Draper Network and co-founder of the Draper Round Table.

New investors can join the Draper Ecosystem and be eligible to invest alongside Draper Network venture capitalists on the Draper Ecosystem’s proprietary deal exchange platform, DraperX, and as potential limited partners of other funds on the Network. The Platform DraperX is designed to make it easy for family offices to integrate into the venture capital ecosystem and invest in businesses of their choice.

“The opportunity to tap into the dry dust of pandemic investing, while enabling an investment ecosystem that rewards trust and quality of deal flow, is unmatched. The Roundtable is an investor’s look at what Tim and the Draper ecosystem have to offer for Web3 and fintech investments,” said siddarth sridharco-founder and general partner of Draper Round Table.

The Draper Roundtable brings together family offices, VCs, corporate leaders and others around a love of startups. The events will allow members to test and promote new businesses in the Draper Round Table community, as well as allow members to get to know each other better through events, Zoom calls, conferences, etc.

joe vezzaniLunarCrush’s current CEO joins Draper Round Table as a venture partner.

LunarCrush, founded in 2018, is a leading social intelligence platform for cryptocurrencies, NFTs, and stocks with a mission to make everyone a better investor. The company recently hit an all-time high with conversations, social contribution metrics, social mentions and social engagement around the FTX failure second-highest. cryptocurrency exchange.

“It’s important in 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 in doing dreams come true for anyone willing to take the leap. DVN is a deep venture resource that puts founders first, Draper Round Table will leverage network resources and unlock the network for everyone.” Vezzani said.

Joe will continue his role as CEO at LunarCrush.

LunarCrush was invested in by Draper Goren Holm, a Los Angeles-based venture firm, and Manutara Ventures, both members of the Draper Venture Network.

Two-time NBA All-Star, Serial Entrepreneur, Investor and Creator, baron davisalso joins Draper Round Table as a venture partner.

“I’m 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’s exciting to have the support of a network and to be able to create real opportunities that will have BIG results,” Davis said. .

Davis founded several companies, including Sports, Lifestyle in Culture (SLiC), Business Inside the Game (BIG), UWish, and LAUNFD. He recently launched More Than Us Venture Studio (“MTU”) to empower underrepresented communities to develop and create non-expendable records

Davis was an early investor in Vitaminwater and also helped launch Thrive Market. He recently invested in the WNBA, UNest, a college savings app, and Super Cafe Kitu, an organic ready-to-drink coffee company. Hims, Sleeper, Thrive, H1, HoneyBee, Cann Drinks, Tracklib, Quip (Blue Scorpion), Complex, Charge Enterprises, Task Human, Toucan and Vidy are among the additional investments.

Investors will have the opportunity to invest in Draper Network deals as they happen and share their deals with DVN for a carry bonus. The vehicle is backed by Aragon’s DAO systems for governance, voting, membership, and reputation. Premium members of the Draper Venture Network will have the opportunity to participate in a rideshare pool resulting from investments made through the Draper Round Table. Family offices can join the Draper Venture Network to $10k by year. Investors may also have the opportunity to access a wide variety of liquidity and portfolio services for their investments. For more information, visit draperroundtable.com.

About DraperX
DraperX is an investment club platform for connecting startups with investors. DraperX was originally only available to members of the Draper Venture Network. It is now opening up to family offices and qualified corporations. Membership costs $10k by year.

About the Draper Round Table
Draper Round Table is defined as Web 3.0 for Family Offices and other qualified investors to meet with corporate leaders and startups.

About Draper Venture Network
Initially formed in 1990, the Draper Venture Network is an autonomous organization of independent venture funds that cooperate on investment due diligence, marketing intelligence, corporate relations and joint ventures. Member funds raise their own capital and manage their investment decisions independently.

For more information visit: DraperRoundTable.com

Media Contact

Sid, Draper Roundtable, 8187061977, sidsridhar@drapernetwork.com

SOURCE Draper Round Table

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