It’s true, Tim Draper has picked losers. He tells me this even before I ask him. The VC legend who backed Hotmail, Tesla, SpaceX, Coinbase, Ledger and many other successful companies readily coughs up that he has invested in lemons. Some, he says, have totally gone out of business, but others just didn’t give him the money back. “By the same token, there are winners that make us a couple of times on the money and then some that give 1000x the investment,” he tells Magazine during a rare in-pe...