In 1993, our founder, venture capitalist Tim Draper, was asked by his eight-year-old daughter to describe what he did at work every day. Excited by the opportunity to explain entrepreneurship and business to a third grader, he used his daughter’s enthusiasm for making friendship bracelets to create a simulation activity in which students learn to start and run their own business.
From initial funding to marketing campaigns and financial statements, the program allowed students to not only understand how business works, but enabled them to experience it first-hand. The need and demand for BizWorld’s hands-on, cross-curricular, project-based approach to learning quickly became apparent.
In 1997, The BizWorld Foundation was established to make BizWorld programs available to all educators and effectively involve the community in the education of youth.
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