#innmind #TimDraper #crisisopportunities

Silicon Valley billionaire Tim Draper is the most recognised and globally known venture investor, coming from the Draper's dynasty, where the grandfather was the very FIRST venture investor in Silicon Valley. Tim is the founder of Draper VC & Draper University (InnMind friends and partners) and a bunch of other VC related organisations, crypto believer and blockchain adopter.

During quarantine, we talked with Tim about #coronovirus pandemic and its effect on venture and startup business. During his career, Tim faced 3 global crises and gained a deep understanding of circumstances for business and economy. In the interview, he shared his opinion and vision of how the ongoing crisis will change the technological world, venture capital market and entrepreneurial activities.

Timeline:
00:00 Interview with Tim Draper
0:55 Expected market crash and how society changes
02:26 Crisis stimulates technology adoption
03:30 Recession, tightness of cash and tightness of liquidity
04:26 How technology evolves: Data for Healthcare and transformation of Insurance, Real Estate and other sectors with Smart Contracts and Blockchain
07:10 How Bitcoin can save the world after the crisis?
10:02 Governments are going to compete for the great minds and entrepreneurs
12:28 How blockchain can disrupt the insurance sector
14:40 Draper's venture dynasty
15:30 How the market bubble and the ongoing crisis will influence venture capital market: "only the great VCs will survive this".
18:20 Pandemic influence on investment activity and startups valuations
21:20 Economic crisis can be worse than virus itself. Business fatality rate
23:55 How Tim Draper evaluates startups
25:10 Perfect storm for offline startup hubs and coworkings
28:30 Tim Draper's advice for startup founders and entrepreneurs

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