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Friday, June 15, 2012

Can VCs Be Bred? Meet The New Generation In Silicon Valley's Draper Dynasty

Over the course of a half-century, the Draper family has carved out a name (and a fortune) in a place where breeding and ancestry are thought to be irrelevant. Now it's time for the debut of the youngest generation.

Photo by Robyn Twomey; Hair and Makeup: Renee Rael; Styling: Tietjen Fischer; Shot on location at Fioli Estate, California

Bill Draper's salt-and-pepper eyebrows grow like weeds. They are the one feature on the venture capitalist's handsome, square-jawed 84-year-old face that give away his age; they're also a mark of the Draper gene pool, an optometric family crest. Bill's son, Tim, also a venture capitalist, has similarly unruly patches. And Tim's sons, Adam and Billy, both entrepreneurs, have a tamer twentysomething variation. "Those are some power brows," Adam says of his dad's and granddad's facial hair. "You meet them and you just look at their brows for a little bit--they're like visors."

Bill has the air of a vintage businessman. Dressed in a camel-hued sports coat and burgundy dress shoes, he looks like the kind of man who wouldn't dare enter an elevator without first holding the door for the women getting on. He credits his start in California to his father, General William H. Draper Jr., a former undersecretary of the U.S. Army who is considered the first professional venture capitalist on the West Coast. When the general opened his VC firm in the late 1950s, he recruited his son Bill, then living in Chicago, as one of his first employees, thus launching the Draper dynasty. "We rented a car and went out and knocked on doors in the orchards," says Bill, recalling the apricot groves that filled Sunnyvale. In those early days of working for his father, Bill would pull over to any storefront that had the word technology in its name. Then he'd ask the company if they wanted help in exchange for some equity.

Silicon Valley is thought to embody the new American dream: a place where nobody cares who your parents are--as long as you have good...


[Source: Fast Company]

Can GiveForward's Crowdfundraisers Kick Down The Cost of Health Care?

With 200 hospitals signed up already, GiveForward could forever change the way you pay for medical expenses--and help individuals and families in need.

GiveForward's biggest ever fundraiser nearly broke the company. Held in honor of Sarah Burke, the X Games champion free skier who died during training, the cause generated so much Facebook traffic in that first 24 hours that it crashed the servers.  "I had to tell Sarah's team that we might not have the capacity to host it," GiveForward cofounder and COO Ethan Austin tells Fast Company. "But they told us they had faith in us, so we worked around the clock to figure out a solution."

They did, and the effort brought in over $300,000 in just three days--more than enough to cover Burke’s hospital bills, funeral expenses, and to start a foundation in her memory. 

When we checked in with GiveForward last February, the platform had pulled in about $3.5 million for a variety of medical causes. Now, Austin reports, GiveForward has hosted over 15,000 fundraisers and seen more than 200,000 people contribute $16 million to everything from medical expenses (for people and pets) to disaster recovery (fires, floods). The growth has been spurred in part by investor Brad Feld, who hasn't invested in the company but has been offering a lot more than an infusion of capital. 

"There are over 6,000 hospitals around the country," says Austin. "In the next few years, we want to get into all of them."

Inspired by the "extraordinary feeling" that comes from helping a complete stranger in need without expecting anything in return, Feld set up a “random acts of kindness” fundraising marathon. The way it works is this: Feld will run 29 marathons (to bring his lifetime total to 50 by the time he blows out the candles on his 50th birthday cake). Each one is going to be dedicated to a different GiveForward campaign. Feld will donate $5,000 of his own money for each of these fundraisers in ho...


[Source: Fast Company]

Thursday, June 14, 2012

Your top spots for plane geeks

It never fails, put out a list of favorite whatevers and it will ignite a firestorm of flaming opinions. What sparked the frenzy this time? A list of five cool destinations for airplane geeks and roto heads -- um, I mean aviation enthusiasts.

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[Source: CNN.com - Travel]

Farmer says 250 of his cows have been killed by an alien death ray

Farmer says 250 of his cows have been killed by an alien death ray
Farmer says 250 of his cows have been killed by an alien death ray
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[Source: Blastr Atom Feed]

Air rage: Passengers 'quicker to snap'

"Air rage" incidents still disturb the friendly skies post-September 11, but experts say the impact is barely perceptible in day-to-day operations.

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[Source: CNN.com - Travel]

Reports: UK PM leaves 8-year-old daughter in pub

LONDON -- British Prime Minister David Cameron and his wife left their eight-year-old daughter in a countryside pub by mistake after lunch on Sunday, according to reports.

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[Source: msnbc.com: Weird news]

Smallville Season 11 Comic News: Superman & Batman Finally Meet!

Batman appears in the second arc of the Smallville Season 11 comic book series
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[Source: KSiteTV]