William Henry Draper III

After 34 years with Parkinson's disease, Phyllis died in January 2018.

In 2002, along with Robin Richards Donohoe, Draper co-founded the Draper Richards Foundation. Robert Steven Kaplan, formerly vice-chairman of Goldman Sachs and the thirteenth president and CEO of the Federal Reserve Bank of Dallas, joined as co-chair in 2010. In 2006, Draper donated $1 million, in honor of Donohoe, to the Stanford Graduate School of Business to support the school's Stanford Social Innovation Review.

In 1994, Draper and Robin Richards Donohoe founded Draper International, the first U.S. venture capital fund to focus on investing in private companies with operations in India. In 2002, he co-founded Draper Richards LP, a venture capital fund that invests in early-stage technology companies in the U.S., and he also founded Draper Investment Company, which concentrates on seed investments in Europe and Asia.

In 1986, he became the head of the world's largest source of multilateral development grant assistance, the United Nations Development Programme. As the second highest ranking individual in the United Nations, Draper oversaw nearly 10,000 international aid projects. During his time at the UN and the Export-Import Bank, Draper traveled to 101 developing countries and met with over 50 heads of state. Under Draper, "the agency's programs grew in value from $890 million in 1985 to $1.5 billion in 1992."

In 1982 Harvard Business School honored Draper with its Alumni Achievement Award, and in 1992 he was awarded the Ellis Island Medal of Honor. In 1996 he received the Citizen Diplomacy Award from the International Diplomacy Council, and in 2002 he received the Woodrow Wilson Award for Public Service from the Woodrow Wilson International Center for Scholars. In 2005 Draper received the Vision Award from SD Forum and was inducted into the Dow Jones Venture Capital Hall of Fame. In 2006 he received the Silicon Valley Fast 50 Lifetime Achievement Award and the Distinguished Service Award from the Institute of International Education. In 2009 Draper received the Global Citizen of the Year Award from International House Berkeley, the Lifetime Achievement Award from the Commonwealth Club, the Lifetime Achievement Award from the International Business Forum, and the Philanthropic Leadership Award from the American India Foundation. In 2017, Draper received the Lifetime Achievement Award from the National Venture Capital Association and was awarded a medal from the Foreign Policy Association. In addition, he has received honorary decorations from Bolivia, Morocco, and Samoa. He received his Bachelor of Arts degree from Yale University in 1950 and earned a Master of Business Administration degree, with distinction, from Harvard Business School in 1954. In 2020 Draper received the Arthur C. Clarke Lifetime Achievement Award. and the UNAFF Visionary Award 2016.

Draper has played an international leadership role in expanding the world economy and the global wealth gap. He served from 1981 to 1986 as president and Chairman of the Export–Import Bank of the United States and was appointed to this position by President Ronald Reagan. In this post, Draper assumed a leadership role in U.S. efforts to sustain world trade in the face of major liquidity problems among the developing countries.

In 1959, Draper left Chicago to work as an associate at his father's newly formed firm, Draper, Gaither & Anderson, the first venture capital company on the West Coast. In 1962, Draper left Draper, Gaither & Anderson to co-found the venture capital firm Draper & Johnson Investment Company with his good friend Pitch Johnson, whom he had met while working at Inland Steel. In 1965, Draper founded Sutter Hill Ventures, which to this day remains one of the top venture capital firms in the country. During his twenty years as the senior partner of Sutter Hill, Draper helped to organize and finance several hundred high technology manufacturing companies. In 1986, he became the head of the world's largest source of multilateral development grant assistance, the United Nations Development Programme, and was instrumental in leadership of several global initiatives, such as the international Education for All movement (beginning formally with the 1990 Conference in Jomtien, Thailand), the 1995 Beijing Women's' Conference, and the 1995 Social Summit in Copenhagen, Denmark.

After his graduation from Harvard Business School, Draper worked as a steel salesman at Chicago's Inland Steel Company from 1954 to 1959.

On June 13, 1953, Draper was married to Phyllis Culbertson by the Rev. Lowell Russell Ditzen at the Reformed Church of Bronxville. A graduate of St. Anne's School in Charlottesville, Virginia and Smith College, she was a daughter of Mrs. Richard H. Ullman of Buffalo, New York and William Howard Culbertson of Bronxville, New York, chairman of Merrill Lynch International. Phyllis, an author of two published books of essays and poetry, served for on the boards of Save the Children, the Charles Armstrong School, the Corcoran Gallery of Art, and the Kennedy Center in Washington, D.C. Together, they are the parents of three children:

He attended Yale University with president George H. W. Bush, graduated in 1950, the year after George H. W. Bush, and is a member of the secret society Skull and Bones. After graduating from college, Draper served as a second lieutenant in the Korean War. Upon returning to the United States, he attended Harvard Business School and studied under professor Georges Doriot, who is often credited with starting the venture capital industry. Draper graduated with a Masters of Business degree, with distinction, in 1954.

William Henry Draper III (born January 1, 1928) is an American venture capitalist.

Draper was born on January 1, 1928, in White Plains, New York, the son of Katherine Louise (née Baum) and banker, general, and diplomat William Henry Draper Jr. who founded Draper, Gaither and Anderson and served as the first ambassador for NATO.