Draper Associates backs "science fiction" technologies like artificial wombs, de-extinction, and brain-computer interfaces that most venture funds consider too speculative, building on Tim Draper's early bets on Bitcoin, Tesla, and SpaceX when they were still fringe investments. The firm operates within a unique ecosystem including Draper University, entrepreneur hostels, and a TV pitch show, creating a pipeline where founders move from education and community into capital from the fund.