{"id":43334,"date":"2023-10-20T15:27:49","date_gmt":"2023-10-20T15:27:49","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/right-click-capital-becomes-the-first-australian-firm-to-join-tim-drapers-2-1-billion-global-investor-alliance-startupsmart\/"},"modified":"2023-10-20T15:27:49","modified_gmt":"2023-10-20T15:27:49","slug":"right-click-capital-becomes-the-first-australian-firm-to-join-tim-drapers-2-1-billion-global-investor-alliance-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/right-click-capital-becomes-the-first-australian-firm-to-join-tim-drapers-2-1-billion-global-investor-alliance-startupsmart\/","title":{"rendered":"Right Click Capital becomes the first Australian firm to join Tim Draper’s $2.1 billion global investor alliance – StartupSmart"},"content":{"rendered":"
\"\"<\/div>\n

Silicon Valley billionaire Tim Draper is looking to back Australian startups with the high-profile investor welcoming Right Click Capital as the first Australian firm to join his illustrious network.<\/p>\n

Right Click Capital has officially joined the Draper Venture Network, a \u201cone-of-a-kind\u201d alliance of investor firms from around the world, encompassing 450 investments and collective assets of $2.1 billion ($US1.6 billion).<\/p>\n

The partnership will be two-sided, with Right Click Capital investors given co-investment opportunities while the firm\u2019s portfolio companies being presented with international funding options.<\/p>\n

Through the Draper Venture Network the various VC firms “share strategies, source opportunities and create greater value”, with the organisation now spanning more than 60 cities around the world.<\/p>\n

Right Click Capital partner Benjamin Chong says Draper\u2019s move is a testament to the recent growth and development of the Australian startup ecosystem.<\/p>\n

\u201cIt is a vote of confidence and it\u2019s about the rising tide,\u201d Chong tells StartupSmart<\/em>.<\/p>\n

\u201cWe want for there to be more successful startups in Australia- that is going to beget more success.<\/p>\n

\u201cFor us being able to have gone through the due diligence process and to have been vouched for by other funds has been really cool.\u201d<\/p>\n

The groundwork for the partnership was laid at the SXSW conference this year when Right Click Capital partner Ari Klinger met with Draper.<\/p>\n

\u201cTim expressed interest in expanding his network to this part of the world and the conversation started from there,\u201d Chong says.<\/p>\n

\u201cIt has been a journey and it\u2019s been great learning more about the network and the breadth of their investors. We\u2019re glad to be part of the network.\u201d<\/p>\n

Chong says it\u2019s all about helping Right Click Capital\u2019s portfolio startups and giving them access to global networks.<\/p>\n

\u201cFor our portfolio it allows them access to additional capital and to be part of a network of 500 portfolio companies,\u201d he says.<\/p>\n

\u201cWe think it adds to the already global network that we have and allows us to offer more to our portfolio companies.\u201d<\/p>\n

It will also mean that Australian startups won\u2019t need to relocate entirely or spend long amounts of time overseas in search of large funding rounds, he says.<\/p>\n

\u201cWith the businesses that we are investing in we have the opportunity to build the technology here to prove it out and then sell to international markets,\u201d Chong says.<\/p>\n

\u201cWe want these companies to be successful and employ lots of Australians but be selling to people overseas.\u201d<\/p>\n

Draper recently raised $190 million in April for the Draper Associates seed fund and has backed the likes of Skype, Baidu and Tesla.<\/p>\n

He told the Australian Financial Review that he is \u201cvery interested\u201d in investing in Australian startups.<\/p>\n

\u201cThere have been some great companies started down under,\u201d Draper told the AFR.<\/p>\n

\u201cWe\u2019re looking to back entrepreneurs who are building globally scalable companies regardless of where they are based and I see Australian founders as having great potential.\u201d<\/p>\n

Follow StartupSmart on<\/em> Facebook,<\/em> Twitter, <\/em>LinkedIn <\/em>and <\/em>SoundCloud.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Silicon Valley billionaire Tim Draper is looking to back Australian startups with the high-profile investor welcoming Right Click Capital as<\/p>\n","protected":false},"author":1,"featured_media":59861,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/43334"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=43334"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/43334\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/59861"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=43334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=43334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=43334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}