Adam Draper, scion of the VC royal family, raises over $87 million for new Boost fund

Core Insights - The Draper family is a prominent name in Silicon Valley, known for their extensive involvement in venture capital since 1959, with a legacy of creating multiple firms [1] - Adam Draper, part of the fourth generation, has established his own venture firm, Boost VC, focusing on pre-seed investments in startups [2][3] - Boost VC has successfully raised its fourth fund, totaling $87 million, primarily from family offices and high-net-worth individuals [3] Company Overview - Boost VC has a strong track record, with its first two funds achieving DPI metrics of 2.15x and 4.35x, indicating significant returns to investors [3] - The firm invests in a variety of sectors under the umbrella of deep tech, including space and bioscience, while maintaining a rapid investment pace of approximately one deal per week [4] Investment Strategy - Boost VC relies heavily on referrals for its deals, with around 90% coming from trusted sources, emphasizing a belief that more due diligence does not necessarily lead to better investment decisions [5] - The firm has made notable investments, such as in Radiant Nuclear, which recently closed a $165 million Series C funding round [5]