From The San Jose Mercury News:
Venture Capitalist Tim Draper Snatches up Benjamin Franklin Hotel
Venture capital mogul Tim Draper has shown up at parties in a Batman costume and sent his DNA into outer space. Now, he owns a landmark Peninsula hotel that has sat virtually empty for the better part of a decade. For someone else, that might seem crazy. For the head of Menlo Park VC shop Draper Fisher Jurvetson, it's business as usual -- and, possibly, spotting an opportunity others passed over. San Mateo leaders are happy because Draper's purchase of the Benjamin Franklin Hotel could be a massive shot in the arm for the budget-troubled city. Click here for the full story.