Founder William Henry Draper Jr. | Founded 1959 | |
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 Horace 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.
References
Draper, Gaither & Anderson Wikipedia(Text) CC BY-SA