00:00When I saw this pitch, I immediately said we have to do this because you and your family, of course, basically invented venture capital.
00:08You've done incredibly well in this space. And I've had numerous people with businesses ask me, hey, can you hook me up with Tim Draper?
00:15Can you hook me up with Jesse Draper to try and talk through my ideas?
00:19And of course, you don't have enough time in the day for all those people.
00:21But I guess now you can make a business out of it. Is that right?
00:25Well, yeah, we I've always been curious when I when I saw that movie Multiplicity, I thought, oh, this big opportunity.
00:36I really would like to have a lot of clones out there doing all these different things that I'm doing, because it is very time intensive what I do.
00:47We do a lot of things for building deal flow and all that kind of thing. In fact, we use AI for deal flow, too.
00:53We have a data data lake of 250,000 companies, and it's the AI spits out about five a week for me to evaluate.
01:03But but there are five digital twins of me so far, and one is on Draper TV, and that's to do news shows on all of our press releases from all the companies that come in.
01:20And, you know, we have thousands of companies that we've invested in, and this is an opportunity for them to to get a new show about their their press release.
01:32And then on Draper.VC, we have a tips on how to better improve your business model or your or your business.
01:47And you can you can input a as an entrepreneur, you can input your deck and outcomes advice and some criticisms and some some suggestions for where where to move this to make it more investable.
02:07I mean, it's a fascinating once we funded a company, once we funded a company, we have a hotline and that hotline is it's only voice.
02:17But people have talked to my voice hotline for like hours because it's it's smarter and better looking than I am.
02:26And that hotline is for the entrepreneurs to get give them advice.
02:31And so and also at Draper University, we have on a proto there's this giant phone booth and it looks like a phone booth in my image is in there.
02:45My holographic image is in there. And you can people talk to that for several hours.
02:51And and and that is a really good looking and and smarter version of me.
02:58And I think I think ultimately most of my work will will be better done by my digital twins.
03:07Tim, I wonder if you also have a business to build digital twins for others, because it's you know, the possibilities are endless.
03:15You can imagine a doctor who doesn't have enough time to see all the patients or a lawyer who doesn't have enough time to deal with all the clients.
03:21So many people could use this in business and really make money with it.
03:27How do you see the future of digital twins?
03:31I think they are fabulous. They're a great way for very, very busy people to to parse out some of the work that they do that is repetitive or redundant.
03:44And and and I think that they they also can tap into the LLM, which gives you, you know, the the exposure and the brainpower of, I don't know, six billion people.
03:59And I think that by experimenting with them early, I think we are going to have a great edge moving forward as investors, because I think they will be attractions for entrepreneurs.
04:15And I think I think investors will also see that we have a particular edge in the business.
04:24Do you ever think about the problems? I mean, the fact that, you know, one of my producers, Sarah Mazzulli, said, I think this is the bot.
04:30So she doesn't believe you're the real Tim Draper.
04:33Will we have here a watermark?
04:36This this spot?
04:37Yeah. I mean, how do you deal with that kind of concern?
04:41Well, so far, my digital twin hasn't laughed.
04:46So I think that we've got it for a while.
04:50But but I think that there are and also my digital twin has speaks perfectly, really doesn't make mistakes, doesn't say or whatever.
05:02And I think that that will be the discriminating factor for a while.
05:08But eventually all things can be improved in software.
05:14I think we've got it.
05:18I think it's a major opportunity for people.
05:20I think AI in general, we use AI to evaluate entrepreneurs now, too.
05:27We we we with Otter, we have recorded all the conversations we had for about nine years.
05:36And now Otter is sending us information like, oh, you met with this person before he was pitching something else.
05:45Or you've met with this person there.
05:47I don't think the digital twin would have coughed.
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