Draper Cygnus Thesis
Draper Cygnus Thesis
Here we go again! We are excited to announce Draper Cygnus second fund in partnership with Tim Draper and the Draper Venture Network, to back the best Latinx founders both emerging from LATAM, or starting in US, Europe and Israel through Pre Seed to Series A. Our Thesis: deep tech and decentralization […]
Here we go again!
We are excited to announce Draper Cygnus second fund in partnership with Tim Draper and the Draper Venture Network, to back the best Latinx founders both emerging from LATAM, or starting in US, Europe and Israel through Pre Seed to Series A.
Our Thesis: deep tech and decentralization
Deep tech Venture Capital is an essential instrument to create a prosper and sustainable future for humanity.
During the past 20 years, the Internet, Cloud and Mobile eras created an immense opportunity for Venture Capital to back startups building on top of previous technology stacks, focusing mainly on go to market, user experience and growth.
We believe that a number of different foundational technologies such as Artificial Intelligence, Synthetic Biology, Blockchain, New Space and Robotics, New Energy and Materials are currently converging and reaching a level of acceleration with a profound compounding effect between each other that will create an immense amount of value and positive transformation in the world, with an equity appreciation estimated in 200 trillions by 2030, equivalent to 10 times the wealth created over the last ten years by the current technology wave.
As a Venture Fund, our thesis is to back those entrepreneurs executing on innovation platforms that are the building blocks of the next paradigms, leveraging deep tech and innovation to shift our society towards sustainability and decentralization.
Expanded vision, expanded scope, expanded team
Following Tim Draper´s vision that entrepreneurial talent is distributed across the world, we are committed to scout the best entrepreneurs throughout Latin America and Latinx immigrants in US, Europe and Israel innovation hubs.
To achieve this grand vision and create the foundations for a multi-generational firm, we have expanded the investment team. Valentina Terranova, Arturo Torres and Daniel Salvucci joined the Partnership alongside Diego Gonzalez Bravo and Ignacio Plaza, creating a solid team with common values and a balanced mixture of diverse experiences, and knowledge.
The current thesis is a distillation of more than 20 years of the GP’s investing experience. For us, investing in early stage is the art of being ahead of the curve. This same team backed companies like Auth0, Satellogic, Mural and Nuvemshop back in 2012/2014 when “the cloud” was not a thing, ahead of the new space era, when real time collaboration tools did not existed or e-commerce in LATAM was not popular. In 2018 we launched the first fund in partnership with Tim Draper, doubling down in this futuristic thesis, creating a portfolio that is gaining momentum faster than the previous funds. We are ready to take it to the next level.
Call it as you like: hard tech, emerging tech, frontier tech, science based. It is difficult to make an accurate definition, why? Because of its own nature, it is changing and evolving constantly and at a faster and faster pace.
To put it in more simple words, our understanding of deep tech startups is as follows:
Companies in their early stages, creating original technologies pushing the boundaries of the state of the art, and building innovative business models on top of them.
So, we invest both in technology risk and go-to market risk.
Some of the reasons we believe deep tech startups propose great opportunities:
- More chances of generating greater returns
- They create deeper and long term impact in society
- LATAM and Lantinx immigrants are a huge talent pool in emerging technologies
- Still underfunded, specially when starting from LATAM
We are in a very special moment of the history of Humanity, one in which the future of our world and species will be defined by the choices we make as a society. This future is binary, we either thrive or collapse. As we are starting this decisive decade of the 2020s, this conclusion has never been so obvious. This is simply not sustainable.
But we are optimistic! As part of our investment thesis, we see an opportunity in applying current and new technologies as tools to reshape how we manage our life on earth and the resources we use.
We believe that the concept of decentralization is a strong driver towards sustainability and can be applied to the most important UN SDGs.
- Decentralized production and consumption of clean energy.
- Decentralized manufacturing and production of food and drugs with new biotechnology processes.
- Synthetic biology creating animal-free protein food, and decentralized farming not depending purely on land.
- Decentralization of population through new ways of governance.
- Crypto and DeFi as tools for the financial infrastructure that is needed for this decentralized world.
- Space technology to better coordinate resources on a global scale.
- As a result of these efforts, the restoration of biodiversity and balance between humans and nature.
Not only makes a lot of sense from an investment perspective, we believe we have the responsibility to do it.
Join us in this endeavor.
Read more about the opportunity of deep tech and decentralization in LATAM