TL;DR: Tim Draper, Alon Goren, and David Bleznak launch DGB to incubate Web3 and crypto startups, even amid a bear market. More bullish than ever. Contact us.
Tim Draper-backed Venture Studio focused on Web3, crypto, and blockchain launches in the midst of the bear market.
Los Angeles, CA; September 20, 2023
Tim Draper, Alon Goren, and David Bleznak launch Draper Goren Blockchain (DGB), a venture studio and general partnership focused on incubating and accelerating Web3, blockchain, and crypto startups. This group has been actively working together successfully for years, and, despite the bear market, are redoubling their commitment to this category.
Tim Draper, Founder and Special Limited Partner of DGB and General Partner of Draper Associates, known for early investments in Coinbase, Robinhood, Tesla, Skype, and others, is a founder of DGB alongside Alon Goren and David Bleznak.
Tim Draper expressed, “It’s a cliche that bear markets are a time for builders to build, but that means there are incredible projects currently being developed that are in need of capital and support. With DGB, we are reinforcing our dedication to amplify crypto projects that are advancing the industry in anticipation of an influx of millions of new users and institutions in the coming months and years.”
Alon Goren, DGB Founding Partner and early investor and board member of such notable projects as LunarCrush and Ownera, said, “We’ve been backing bitcoin and crypto founders for many years now and intend to be here for the long-haul. I’m very excited to launch this new venture alongside Tim Draper and David Bleznak with the goal of championing innovation and supporting visionary entrepreneurs building in the Web3 space.”
Longtime Limited Partner and portfolio company founder of both Draper and Goren, David Bleznak, Founding Partner at DGB who was recently at Coinbase and led DeFi aggregation & trading platform Totle to a successful acquisition, shared, “Despite how much evolution has already transpired in Web3, we’re still at the tip of the iceberg when it comes to exploring new iterations of applications and use cases. We’re particularly excited about innovations in DeFi, blockchain Layer-2 infrastructure, and consumer applications in gaming, social, and more, and we look forward to launching our initial fund to support projects with novel visions for the industry.”