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Bill Draper on New Global Venture

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  • Description

    'The Start Up Game' author Bill Draper weighs in on his latest endeavor.

  • Duration 3:09
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Our next guest is one of the west -- leading in fact he was the first venture capitalists in the west he is a founding investor in Hotmail Opentable and -- These days he's -- new investment that -- a different kind of return.

We are pleased to welcome bill Draper general partner of Draper Richards and author of the start up game welcome to you -- Thank you very much so tell us about this latest venture in global heritage fund.

It.

Well we we back into a guy named Jeff Morgan.

Who.

Decided to change your world the ancient world.

By a holding onto it and protecting it and and going into -- sites.

And trying to boost his name -- the name of the operation is global heritage fund.

And they have protected many many sites around the world in Turkey and Cambodia and okay -- and -- China and Columbia hold.

Group of old sites.

121000.

Years old.

Protecting the antiquity history what -- -- -- threatened by.

Okay they're beaten by DK and a lack of attention.

In Guatemala others.

The project called -- meridor and it's the largest pyramid under -- but is under mostly underground.

They've got to dig it out and the benefit of this is economics do these developing countries I was at one time at the -- Didn't sort of running the united nations development program.

Larger -- -- program largest -- program in the world.

And we work with the in -- and they identified certain inherited sites around the world.

But there are many that are overlooked and and don't get that qualification and don't get protected right once they're developed.

The economics are terrific for our country in tourism and and today and the like and what it.

It takes in terms as an investment.

To make this happen and make it successful and then what is the investment return to you.

This is nonprofit organization.

It's a 501 C three is.

I started.

A number of years ago.

Foundation that.

Starts its like venture capital for social entrepreneurs.

And Jeff bargain is one of them we've got a -- -- her forty of these and we don't expect to get the money back except in.

In satisfaction that we're helping the world in areas that -- private enterprise doesn't work.

While I was like a believer in private enterprise in almost every other aspect but education health and a variety of -- and certainly the protection of global heritage sites I just doesn't work for private sector.

Well thanks for sharing your latest endeavor with us bill Draper it's great to talk to you okay.

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