Draper, Gaither & Anderson
Encyclopedia
Draper, Gaither & Anderson (DGA) was one of the first venture capital
firms founded in the western United States. The firm was founded in 1959 in Palo Alto, California
by pioneering venture capitalist William H. Draper, Jr. Draper was joined by Rand Corporation founder Rowan Gaither as well as Frederick L. Anderson, Jr., a retired Air Force general.
Prior to DGA, venture capital in the United States was located primarily on the east coast.
DGA was the first venture capital firm known to have used the current format for creating limited partnerships to serve as venture capital funds. The fund's holdings were distributed profitably to its various investors at the end of 1966.
Venture capital
Venture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...
firms founded in the western United States. The firm was founded in 1959 in Palo Alto, California
Palo Alto, California
Palo Alto is a California charter city located in the northwest corner of Santa Clara County, in the San Francisco Bay Area of California, United States. The city shares its borders with East Palo Alto, Mountain View, Los Altos, Los Altos Hills, Stanford, Portola Valley, and Menlo Park. It is...
by pioneering venture capitalist William H. Draper, Jr. Draper was joined by Rand Corporation founder Rowan Gaither as well as Frederick L. Anderson, Jr., a retired Air Force general.
Prior to DGA, venture capital in the United States was located primarily on the east coast.
DGA was the first venture capital firm known to have used the current format for creating limited partnerships to serve as venture capital funds. The fund's holdings were distributed profitably to its various investors at the end of 1966.
See also
- William Henry Draper, Jr.
- Horace Rowan GaitherHorace Rowan GaitherHorace Rowan Gaither, Jr. , known as H. Rowan Gaither, was a San Francisco attorney, investment banker, and a powerful administrator at the Ford Foundation. During World War II, he served as assistant director of the Radiation Laboratory at M.I.T. In 1948, he helped found the Rand Corporation and...
- Draper RichardsDraper RichardsDraper Richards is a private equity firm focused on venture capital investments in U.S. technology companies. The firm was founded in 1996 by Bill Draper an early venture capitalist, who had previously founded Sutter Hill Ventures in 1964 together with Robin Richards Donohoe...
, a venture capital firm founded by William Henry Draper IIIWilliam Henry Draper IIIWilliam Henry Draper III is a prominent American venture capitalist.-Early life and career:Draper was born in White Plains, New York, the son of Katherine and banker and diplomat William Henry Draper, Jr. He attended Yale University with George H. W. Bush, graduated in 1950, the year after George... - Draper Fisher JurvetsonDraper Fisher JurvetsonDraper Fisher Jurvetson is a venture capital firm based in Menlo Park, California with affiliate offices in more than 30 cities around the world and over $7 billion in capital commitments....
, a venture capital firm founded by Timothy C. DraperTimothy C. DraperTimothy Cook Draper is the founder of the global venture capital firm Draper Fisher Jurvetson.Draper is third in a line of venture capitalists. His father, William Henry Draper III , founded Draper & Johnson Investment Company in 1962, Sutter Hill Ventures in 1968, Draper International India in...
External links
- Draper Richards History (company website)