McCaw has been president of COM Investments, a private investment firm, since 2004. She served as U.S. Ambassador to the Republic of Austria from 2005 to 2007. Previously, she was the managing partner of Eagle Creek Capital, and an associate in the Robertson Stephens Venture Capital Group. She currently is a member of Stanford University's Board of Trustees and a founding board member and chair of the Malala Fund for Girls' Education.