William H. Draper, III Director William H. Draper, III has over 25 years of experience and is one of America's first venture capitalists. Bill was a founder of Sutter Hill Ventures in Palo Alto, California. During his twenty years as the senior partner of Sutter Hill, a leading venture capital firm in the U.S., he helped to organize and finance several hundred high technology manufacturing companies. From 1981 to 1986, Bill served as President and Chairman of the Export-Import Bank of the United States. In 1986, he became the head of the world's largest source of multilateral development grant assistance, the United Nations Development Program. Bill is Chairman of World Affairs Council of Northern California and serves on the boards of the Institute of International Studies at Stanford University and Population Action International. He has also served on the boards of Institute of International Education and Yale University. He is a member of the Council on Foreign Relations and the President's Council on International Activities at Yale University. Bill holds a Bachelor of Arts degree from Yale University, and a Master of Business degree, with distinction, from Harvard Business School.