U.S. Billionaire Investor Tim Draper to Meet LatAm Leaders, Investors, and Entrepreneurs
03 February, 2022
Executives to meet the President of Uruguay Luis Alberto Lacalle Pou, Prime Minister of Bahamas Philip Davis and head to Brazil to talk to investors
– Draper Cygnus VCM JV to target investment opportunities across Latin America
– “Meet the Drapers” episode to be recorded for the first time in Latin America
Bahamas, February, 2022 – US billionaire investor Tim Draper and recently-formed investments joint venture Draper Cygnus VCM will meet Latin American leaders, investors and entrepreneurs in February to discuss and analyze potential tech opportunities in the region.
Executives leading the Brazil, Uruguay, and Bahamas team include Tim Draper, who is known for investments in unicorns such as Skype, Hotmail, Tesla, SpaceX, Twitch, BitCoin, Robinhood and Coinbase among others, his Draper Associates partner, Andy Tang, and Draper Cygnus VCM Co-founders Ignacio Plaza and Santiago Tello. Draper Cygnus VCM is a joint venture between U.S institutional investor and private equity firm VCM Global Asset Management and venture capital firm Draper Cygnus.
The investor team plans to hold high-level meetings between February 8-18 to discuss how best to develop deep tech investment opportunities, attract entrepreneurs and utilize cryptocurrencies across Latin America with the President of Uruguay Luis Alberto Lacalle Pou and Prime Minister of Bahamas Philip Davis. The Draper Cygnus VCM group will also meet investors, who have a history of investing with Draper Cygnus and VCM Global Asset Management and understand their unique investment philosophies.
The executives will also meet with entrepreneurs across Latin American target countries and expand their local network. These meetings are targeting entrepreneurs in the Deep Tech sector, and include companies in synthetic biology, crypto, new space, and sustainable energy sectors, among other disruptive areas where the team has vast experience with several unicorns in its portfolio. Other investment target countries include Mexico, El Salvador, Colombia, Argentina, and Chile.
“We see more alpha in global pure-innovation opportunities coming out of Latin America where we also see opportunity for further regional digitalization,” says Tim Draper, founder of U.S venture capital firm Draper Associates with US$5 billion in assets under management, Draper University, and the Draper Venture Network. Draper Cygnus is a top performer in the venture capital asset class and has several deep tech unicorns in its portfolio.
Over a year ago, VCM and Draper Cygnus Co-founder Ignacio Plaza came together to raise US$30 million for a stake in the acquisition of London-based MillTechFX – the fintech is focused on disrupting a US$120 trillion a year segment of the global FX market through its AI-based disruptive platform.
MEET THE DRAPERS
Separately, Tim Draper and his sister, Polly Draper, will also be recording a series of new Latin America episodes for his TV show, “ Meet the Drapers” for the first time. Bill Draper, the other regular on the show, due to his advanced age will be participating remotely. This season’s show will be centered around a global business plan “Olympics,” where each country will have an opportunity to show off their best entrepreneurs.
“Meet the Drapers” is a show where three entrepreneurs compete weekly to pitch their startup ideas. Of the three, one semi-finalist is chosen. The show is now receiving applications for its sixth season. During the first three seasons, more than 100 startups have participated, securing US$4.5 million in investments by Tim Draper. The show will be accepting applications from entrepreneurs throughout Latin America, but primarily those from Brazil, Uruguay, and El Salvador. El Salvador’s filming will focus primarily on Bitcoin entrepreneurs.
About VCM Global Asset Management
Founded in 2010 and focused on alternative investments in venture capital, private equity, private equity real estate and public market opportunities, VCM and its affiliated companies manage over USD1 billion on behalf of institutions, family offices, and high-net-worth individuals. VCM’s diverse range of investment strategies encompass venture capital, real estate, private equity, life insurance policies, medical receivables, and public market strategies. Focused on prioritizing common sense investing and preservation of capital across all their strategies. For more information visit: www.vcmgam.com
About Draper Cygnus
Draper Cygnus invests and partners with emerging companies focused on rebuilding society through innovative technologies and empathy, breaking down traditional barriers and developing borderless communities. As a Venture Fund, our thesis is to back those entrepreneurs executing on innovation platforms that are the building blocks of the next paradigms, leveraging deep tech and innovation to shift our society towards sustainability and decentralization. For more information visit: drapercygnus.vc
About Draper Associates
Draper Associates is a premier global early-stage VC firm with unparalleled deal flow through its links to the Draper Venture Network, Draper University, its school for entrepreneurs, Draper Startup House, its entrepreneurial hostels, and Meet The Drapers, its worldwide entrepreneurial show for entrepreneurs. Draper Associates has a 35-year history of success in the venture capital industry having seed funded more than 30 unicorns, in each of 5 continents.
About Tim Draper
Bill Draper’s son, Tim Draper founded Draper Associates, DFJ, and the Draper Venture Network. He is a legendary venture capitalist in the Silicon Valley, with many successful investments in more than 30 unicorns including: Hotmail, Skype, Tesla, SpaceX, Baidu, Twitch, PTC, Robinhood, and Coinbase. He also founded Draper University of Heroes, a school dedicated to supercharging entrepreneurs. For more information visit draper.vc and www.meetthedrapers.com/
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