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Tim Draper Launches New Crypto Venture Studio Draper Goren Blockchain

According to Decrypt, Tim Draper, the well-known Silicon Valley venture capitalist and founder of DFJ Investment Fund, launched a risk studio focused on cryptocurrency called Draper Goren Blockchain (DGB), aimed at accelerating the development of decentralized finance (DeFi) innovation, network expansion solutions, and consumer applications such as games and social experiences to cope with the continuing bear market.

The founding partners of this risk studio, Alon Goren and David Bleznak, previously invested in Draper's Web3 investment platform, Draper Round Table, and are board members of social analysis platform LunarCrush and digital securities institutional network Ownera.

Alon Goren stated that they do not plan to operate DGB like Y Combinator or Techstars, and DGB plans to cooperate with each company for a long time. Alon Goren said, "We plan to work with every company in the next 10 years, invest $25,000 to $100,000 in seed-stage startups, and focus on starting companies from scratch with selected entrepreneurs."

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