Today, we honor the life and legacy of Bill Draper. He was one of the pioneers who helped shape venture capital as we know it.
Long before Silicon Valley became synonymous with startups and venture capital, Bill was already backing people building the future.
He began his venture career in 1959, and went on to co-found Draper & Johnson Investment Company and later Sutter Hill Ventures, one of the earliest venture firms in Silicon Valley. Over the following decades, he helped finance hundreds of technology companies and entrepreneurs.
Among the early companies backed during his years at Sutter Hill were LSI Logic, Apollo Computer, Measurex, Qume, Activision, and Hybritech. Years later, Bill became one of the earliest investors in Skype. This bet reportedly returned roughly 1,000x.
And his influence went far beyond individual investments.
The firm he built, Sutter Hill Ventures, would go on to become an original investor in NVIDIA in 1993, alongside Sequoia Capital. When it was decades before GPUs became the infrastructure powering the AI revolution.
Bill also took venture capital global. He launched Draper International, one of the first U.S. venture funds focused on India, helping bring the Silicon Valley model to a new generation of entrepreneurs.
Then he applied the same belief in people to public service and philanthropy, serving as Chairman and President of the U.S. Export-Import Bank, leading the United Nations Development Programme, and later co-founding what became the Draper Richards Kaplan Foundation, bringing venture-style support to social entrepreneurs around the world.
But perhaps his greatest legacy cannot be measured in exits or returns.
It lives in generations.
Bill learned venture capital from his father, General William H. Draper Jr., one of the earliest venture capitalists on the West Coast. He passed that entrepreneurial spirit to his son, Tim Draper, and today the Draper family continues backing founders across multiple generations.
The tends, the technologies, the market opportunities changed throughout the years. Bill’s fundamental belief did not: back extraordinary people with the courage to build what does not exist yet.
Bill Draper helped establish that philosophy in Silicon Valley. We are proud to carry it forward.
Thank you, Bill, for helping build the industry, and the legacy that made so much innovation possible.