Apr 25, 2011
This guest post was written by Kiran Divvela. Kiran started his career at Apple, where he built software for early prototypes of the iPhone’s touchscreen. In addition, he has worked on product at two venture-backed startups: LoyaltyLab and DotBlu. Most recently he was a VC associate at Founder Collective. He blogs.
As the title of this post suggests, Tim Draper is hilarious. He came by Sloan today and chatted with Howard Anderson about the current venture climate along with some of his more notable investments (including Skype and Hotmail).
He also talked about the Draper Curve. Which looks a lot like this:
The Draper Curve is an IS curve. When a new industry starts, no one cares (think the Internet in 1996). Then the industry booms and there is a frenzy of activity up to a peak (think Kozmo.com). Then there is a crash. After the crash real businesses are formed and the “S” part of the curve takes shape (think Google). The “S” part of the curve is where real, lasting businesses are formed. In fact, the peak of the “S” is higher than the highest point of frenzy in the i.
Thanks for coming Tim!