Draper Dragon

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@giancarloMKTS compared @SpoutFi to mortgages and bonds: credit where the asset stays put and keeps compounding. @CoinpediaNews looked at why he and Draper Dragon are backing Spout, how 0% borrowing compares to the 12% retail investors pay on margin at Schwab and Fidelity, and what’s next as Spout heads from devnet to private beta and mainnet.

Borrowing against your stocks without selling them has mostly been a private banking perk, and Draper Dragon has invested in @SpoutFi to open it up to everyone at 0% interest. We joined Spout's strategic round alongside a strong group of co-investors, with strategic backing from @Solana.

It works like this: you post tokenized assets as collateral and borrow USDC at up to 50% of their value, with no interest for as long as the loan is open. Lenders are paid from weekly covered calls written on the collateral, so the income comes from the shares themselves and the borrower doesn't pay.

Congrats to the Spout team, private beta is coming soon.

Draper Dragon invested in @mogul__club, the AI-driven real estate investing platform, in its $15.5M Series A led by @DraperVC @TimDraper. Founded by former @GoldmanSachs real estate investors, Mogul lets everyday investors own a share of individual rental homes and earn monthly rent.

Congrats to @blackwoodtweets, Joey Gumataotao and the team.

This week, Draper Dragon hosted the first of many Founders & Friends Happy Hours during @SFTechWeek: founders we’ve backed, founders we’re getting to know, and friends who keep sending us great people.

Thank you to everyone who came, our team, and Jenn Augustyn from @sequoia One for helping make it happen.

Next week, we’re doing it again in LA. Building in AI, robotics, space, energy or biotech? Join us on October 14 during LA Tech Week. Link below!