“The programme was designed on startup ethos and was super dynamic at a very high level. Draper was observing everyone in a keen manner and was super helpful to everyone,“ said Srivatsa. Past speakers include Elon Musk and Zappo’s Tony Hsieh.
The top entrepreneurs of every class are then funded by Tim Draper himself. Besides Blowhorn, Draper has also put money into Fyne, a food startup that is about to launch in Bengaluru. Meanwhile Glavio, started by TED Fellow Apurv Mishra, has received funding from the Draper family and is currently setting up shop in Bengaluru. Other successful alumni of the programme so far include female health device company nVision and marketing analytics company Loopd.
“It was a really good entry point into Silicon Valley,“ said Raman Shrivastava, cofounder of Fyne, who ran a crowdfunding campaign to support his tuition at Draper University . “Now, I have deep connections there and have raised money in the US, and the network is still very useful in terms of connections.“
The programme costs $9,500 (. `6 lakh), which includes room, board, and office space. Scholarships are available, and successful applicants receive assistance with obtaining a visa to enter the US. The most recent class of 70 hailed from 33 different countries, Tim Draper told ET.