Bill Draper Interview - Part 2

Female: Hi! I like the Valley Girl. I live in Silicon Valley, the heart of innovative technology. I know where all these awesome companies are but how the heck do they get here? That’s why I’m here to find out. I like the Valley Girl. What do you do?

Welcome back. We're here with Bill Draper of Draper Richards. I understand that you were very involved with Yale University. You were a graduate from there and then you were formally on a Board of Trustee.

Bill Draper: It’s the best university in the country even though I love Stanford.

Female: I understand you were a member of a super secret organization called skull and bones.

Bill Draper: I’ll have to leave the room.

Female: I don’t know what happen? Okay, I have him back in his chair. I’m not supposed to ask him about skull and bones. Tell me about the Draper Richards foundation?

Bill Draper: So, the Draper Richards foundation starts up non profits around, energetic, visionary and competent people that want to do something to help save the world. In other words, if you’re going to start a none profit and you’re a specialist in seed or pink—

Female: I’m a pink—.

Bill Draper: You're a valley girl, I forgot. Well you’re specialist in pink, we want to you get some purple and we want to get you a brown and we want to get you black and white and surround you because if you’re all pink you’re not going to be able totally conquer the—well you in your case maybe you could.

Female: That’s why I think people are wrong. I can definitely conquer the world in pink.

Bill Draper: You might be able too, that’s good.

Female: Are you noticing any global trends in business right now?

Bill Draper: There will always be a lot of room for technology, innovation, creativity. This is a trend that’s going to accelerate the leaning into innovation. Machines talking to machines and it accelerates.

Female: Our trends something you look for when you’re investing in companies?

Bill Draper: The overall trend is important, yeah sure it’s in—if you’re going into something like a buggy whip you know?

Female: A buggy?

Bill Draper: You don’t want to invest in a buggy whip company because they went out of business when the automobile came along.

Female: We should tell them that don’t invest in buggy whip company.

Bill Draper: No buggy whips—

Female: They went out or business all ready.

Bill Draper: You know what, you probably don’t even know what they are but they tap the bottom of horses in order to get the movie?

Female: Oh the whip?

Bill Draper: Yeah.

Female: It was just a horse whip?

Bill Draper: Yeah.

Female: You confuse me with the buggy thing. I was thinking with some bugs like a bug.

Bill Draper: Sitting in a buggy, no no. Sitting in a buggy behind the horse and so it’s a buggy whip and you don’t go in a buggy whip companies.

Female: Okay.

Bill Draper: Where something else is been in there and that it is going to wipe you out.

Female: So, we have an activity for you. It’s called the fabulous cup.

Bill Draper: Okay let’s do it. What do we do?

Female: Well, this is the fabulous cup. Inside the fabulous cup are fabulous terms and what I want you to do is go through and define as many as you can under one minute and if you do that, you get a price.

Bill Draper: Fast is not my thing but I‘ll be happy to play.

Female: Well just go as fast as you can.

Bill Draper: All right.

Female: Ready set go.

Bill Draper: KIVA is a fantastic micro-lending. Banana split, Pops me, forget that one. Tennis balls, Export-Import Bank I was chairman, IPO there any anymore unfortunately for venture capitalists. Non-profit company very good ideas come are to non-profits. Entrepreneur fearless wonders and I love them pray for him every night. Paratrooper that was me in the 80 second airborne at one time. Scarsdale that was my high school, Scarsdale New York still the best high school in the country and hot fudge sundae my favorite thing in life.

Female: Yehey.

Bill Draper: And we review valley girl. So what’s my price?

Female: Your price is a Tupperware container and we’ve taken the liberty of putting the rest of your sundae in your Tupperware.

Bill Draper: It’s a doggy bear for me.

Female: Because we really want you to start re-using Tupperware containers something like that instead of throwing away paper plates. Well thank you so much Bill.

Bill Draper: Well, thank you very much valley girl for having me.

Female: Of course, I like the valley girl.

Bill Draper: And I like Bill Draper.

Female: Thanks for watching. Well see you next time.