Draper’s (No, the Other Draper) Skype Return

The following is from a piece in today’s Mercury News on how various VCs — including the other Draper firm, not that Draper firm — did on their Skype investments:

Together with his partner [Howard] Hartenbaum, [Bill] Draper invested about $250,000 into Skype in late 2002. They became the first outside investors, and enjoyed a 5 percent stake. (And while the exact numbers aren’t known, they invested when Skype was valued at less than $2 million — meaning they’ve seen close to a thousandfold return.)

 

Comments

  1. Just though this was funny on VCs getting a dose of their own medicine from TechDirt:
    http://techdirt.com/articles/20050916/0227205_F.shtml