PANews reported on September 22 that according to Decrypt, Silicon Valley investor and billionaire Tim Draper launched Draper Goren Blockchain (DGB), a venture studio focused on cryptocurrency, aiming to accelerate decentralized finance (DeFi) innovation and network expansion. solutions and the development of consumer applications such as gaming and social experiences to combat the ongoing bear market. The venture studio’s founding partners Alon Goren and David Bleznak previously invested in Draper Round Table, the Web3 investment platform launched by Draper, and are board members of social analytics platform LunarCrush and digital securities institutional-grade network Ownera.
Alon Goren said that they do not plan to run DGB like Y Combinator or Techstars, and DGB plans long-term cooperation with each company. Alon Goren said: "We plan to work with each company over the next 10 years, investing $25,000 to $100,000 in pre-seed startups, and will focus on working with select entrepreneurs to build companies from scratch."
