I've backed some incredible founders over the years.
But watching my son
@AdamDraper raise $87,654,321 for Boost VC's fourth fund?
That hits different.
VC is our family trade. It's what we do.
And Adam? He's not riding coattails.
He dropped out of UCLA. Built his own thing. Pivoted when it didn't work. Started
@BoostVC from scratch.
13 years later:
- First two funds returning 2.15x and 4.35x DPI
- Portfolio includes
@Coinbase and
@Colossal Biosciences
- Averaging a deal a week with a 90% referral rate
- Seeded
@RadiantNuclear in a 20-minute first meeting (they just closed $165M Series C)
Four generations now. From my grandfather William in 1959 to Adam today.
Adam was asked about nepotism. He said, “It is not nepotism. If my dad was a farmer, I would be a farmer, maybe a better one.” That's a craft being refined and passed down through the generations. In addition to son Adam Draper,
@JesseDraper runs
@HalogenVC. @Billy_Draper runs Path Ventures.
The trade continues.