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1 million TV viewers means $1M to charity
Venture capital billionaire Tim Draper really, really wants people to watch his new reality show.
Draper is offering $1 million to charities if his "Startup U" on ABC Family gets 1 million viewers this week, reports Hollywood Reporter. The reality show follows young entrepreneurs attending Draper University in Silicon Valley. The show, which premiered August 11, only attracted 47,000 viewers to its most recent episode. The philanthropy approach is certainly different than other business reality shows like "The Apprentice" and "Shark Tank" have used. Failure could sadly mean Americans are more interested in Donald Trump yelling at people than philanthropy.
Draper's seven week, Draper University course teaches the basics of launching a startup, and gives students the opportunity to pitch their business ideas to venture capitalists. More than 150 past students have received more than $15 million total to begin their companies.
Draper made his billions investing in companies like Hotmail, Skype, and China's Baidu, reports Venture Beat. For his next move, Draper announced that he is investing "a few million dollars" in California VC firm Wavemaker Partners.
Photo: Disney | ABC Television Group