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Bill Draper’s son, Tim Draper, left Alex. Brown & Sons in 1985 to become the third generation of venture capitalists in his family with the formation of Draper Fisher Jurvetson. Tim restructured a family-owned Small Business Investment Company (SBIC) that had been set up by his father in 1979 and then created a highly successful early-stage venture capital fund. Draper Fisher Jurvetson has become synonymous with early-stage venture capital. Among other successes, Tim Draper was a founding investor in Parametric Technology, Digidesign, Parenting Magazine, Upside Publishing, PLX Technology, Four-1-1, Hotmail, and Skype.