Draper Associ2026-10-05 12:06:54Draper Associates Backs Bitcoin Banking Startup XverseVenture capital firm Draper Associates has announced an investment in Xverse, a Bitcoin-focused banking startup, according to Techub News, which cited Crypto Briefing. The firm said the investment is intended to speed up adoption of decentralized financial services while strengthening Bitcoin’s utility and user control. Xverse operates in the Bitcoin ecosystem, with a focus on wallet products and financial services. The announcement adds another funding move tied to infrastructure and service layers built around Bitcoin, though no financial terms were disclosed in the brief. The report did not provide details on the size of the investment or the structure of the deal.610
Tim Draper2026-07-16 01:37:16Tim Draper says he passed on Coinbase early because mass retail crypto adoption looked too far offTim Draper said his decision not to back Coinbase at the outset was driven by his view of crypto adoption timing, not by any doubts about Brian Armstrong. The Draper Associates founder said he believed it would take much longer for retail users to adopt crypto, which led him to pass on the company in its earliest stage. He also said he had already invested in early Bitcoin company Coinlab at the time, another reason he did not invest in Coinbase initially. Draper added that his son, Adam Draper, disagreed with that call and wrote the first check to Brian Armstrong. Tim Draper later joined Coinbase’s next financing round. He said Coinbase, which was founded by Brian Armstrong and Fred Ehrsam and later listed on Nasdaq under the ticker COIN, has become one of the signature investments in Draper Associates Fund V. According to Draper, returns from Coinbase alone nearly doubled the overall size of that fund.2030
